Deal Check: 2024 BMW i4 xDrive40

Ask the Hackrs Buy/Finance
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1

Hello, I’m a new member here and am thinking about my first lease. I’d love to try an electric car and typically would buy, but for something where the tech is changing so quickly, a lease seems like a good option.

I’m wondering if the following seems like a decent deal. From what I’ve read here, it seems like a decent deal, but I’m not sure, me being a noob at the whole leasing thing.

This is in the Portland, OR area.

I really appreciate any insights anyone can provide.

-Rob

A couple notes:

I put in my own MF number to arrive at the lease payment they quoted. I think I got the right one.

I had to “fudge” some of the numbers in the calculator to get the right monthly lease number and “due at signing” number. For example, I put registration, title, trip permit in with “Dealer Fees” so they’d be capitalized in the payments. I put the taxes in “Government Fees” since those are paid up-front. I think I did this right.

I will get a loyalty discount ($1000) but they didn’t put it in here.
I probably don’t need “stargard” whatever that is.

Here is the dealer sent me:

MSRP (Sticker Price): $67,645
Dealer Discount: -$6,764
Price: $60,881

Service & Protection Plans

  • Stargard: $695

Manufacturer Rebate: -$7,500

Total Purchase Price: $54,076

LEASE SUMMARY

Term: 36 months
Annual Mileage: 10,000
Residual Value (54%): $36,528
Estimated Capitalized Registration & Fees: $2,283 (breakdown below)

  • Acquisition Fee: $925
  • Doc Fee: $200
  • Electronic Filing Fee: $50
  • Registration Fee [Estimate]: $882
  • Title Fee: $192
  • Trip Permit: $34

Total Due At Signing: $2,500 (breakdown below)

  • First Payment: $727
  • Down Payment: $1,236
  • Corporate Activity Tax: $228
  • Sales Tax: $309

Monthly Payment: $727.32

2

Hard pass on that considering all the better EV deals in Signed Deals & Tips and Marketplace

3

If it’s what you want, it’s a good deal.

A deal on something you don’t want isn’t a deal but an imposition.

3 Likes
4

I had thought OR had alot of EV state specific rebates but I don’t see them in your details. Does the I4 exceed some MSRP limit or is otherwise excluded?

$2500 OR Clean Vehicle Standard Rebate
$5000 OR Charge Ahead Rebate
and
0.5% sales tax

Looks like MSRP cap is $50K

2 Likes
5

Thanks. It’s the car I would, minus one $100 option that I’m going to try to get them to credit me on, so I’m glad to hear it’s a good deal.

I appreciate the comment!

1 Like
6

Thanks.

Are you saying that this deal isn’t good, or just that I could get a better deal on different electric cars?

I’ve been a BMW owner for a while, so this is the car I would pick. But, if you’re saying there are better deals to be had on this car, then maybe I need to see what else I can find.

7

Thanks for pointing that out. Those are things I definitely need to look into!

8

Thanks for the link.

Unfortunately, I don’t quality for either program. They both require the base MSRP is less than $50,000. And the Charge Ahead rebate is for low or medium income families.

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9

Do you think the MF is reasonable? I’ve seen other posts with a lower MF, but these were last year. Would it make sense for me to push on reducing that?

10

OP see this deal from another user.

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11

He just wants you to consider other cars that you don’t want because he wouldn’t drive this car for that price, not because it’s a bad deal for this specific car, it’s a fairly great deal for this particular car, maybe 1% more discount to offset the add-on and MF markup.

2 Likes
12

And potentially waste months trying to replicate it outside of that specific instance if the car isn’t suitable.

:muscle:

13

:face_with_raised_eyebrow: It’s been less than 9 days since it was posted so program’s have not changed and in the OP’s geographic area. Not sure where the month’s of time waste comes from?

14

I think it is a fair point to consider the cars which qualify for the Oregon rebate. A Nissan Ariya or Hyundai Ioniq is not an I4 – but that state incentive would go a long way on these leases.

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15

It’s a one off clearly on a specific car and thus not a realistic expectation of the market at large.

16

I agree, although OP said

You are obviously correct that an Ariya would probably look insane with this state rebate stack.

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17

Well, we’ve opened the can of worms. You know I’ve been here… Can’t one get into an I5 for a similar payment - especially given loyalty?? I learned this the hard way.

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18

Was not my intention at all, just highlighting something that’s better than OP’s deal. You know the PNW market pretty well, was hoping we finally get a unicorn off some sort to a local lol.

OP, if you are ok with a loaner the 23 i4’s have lease support still and have pretty good deals. Something to consider.

19

Not one off. Was offered 15% off before incentives on all there i4s and iXs.

1 Like
20

Sure. And they may do that on a couple or a handful of units to pad the turn rate for 2025’s allocation earn but as a general pricing guideline it’s holistically unsustainable.