BMW i
Forum for the BMW i3, i4 and i8
BMW i3 BMW i8
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read

  BMW i Forums > BMW i3 Forums > BMW i3 General Discussion

Post Reply
 
Thread Tools Search this Thread
      11-22-2020, 12:59 AM   #23
diesel733
Master of one
diesel733's Avatar
United_States
277
Rep
378
Posts

Drives: 2018 BMW M3 ZCP IMOLA RED
Join Date: Sep 2014
Location: Los Angeles

iTrader: (1)

2020 i3s Rex. Tech and driver assistance package, moonroof, Giga World package. MSRP $58,195. Fully loaded. $3k out of pocket. (Fees, registration, doc fees, tax on rebates etc) $385 plus tax for 36 months 12k miles a year
Appreciate 1
      11-25-2020, 04:23 PM   #24
capt_slow
Lieutenant
capt_slow's Avatar
United_States
224
Rep
513
Posts

Drives: 2017 F31 328d
Join Date: Oct 2013
Location: SoCal

iTrader: (1)

Garage List
Quote:
Originally Posted by jmg View Post
11% off is pretty standard on an i3. On my 2018 I got 10.49% off. On my 2019 I got 12.47% off. I simply asked all the dealers in my area for their best discount at buy rate money factor, and told them I would be asking all the other dealers in my area the same thing. This is all before incentives. You just gotta ask.
How realistic is getting 10-12% off MSRP these days?

I've been shopping around and I can get about 8% off MSRP. The dealers are all raising up scare tactics that i3 production will end soon, existing inventory is scarce, and BMWNA is going to gut incentives.
__________________
2017 328d xDrive Sports Wagon: Estoril Blue, Black Sensatec, M-Sport Pkg
2018 i3 Rex: Imperial Blue, Giga World
2020 i3 Rex: Capparis White, Giga World
Appreciate 0
      11-25-2020, 04:28 PM   #25
jmg
Lieutenant General
jmg's Avatar
United_States
9718
Rep
10,514
Posts

Drives: F80 M3 CS, I01 i3 REx LCI
Join Date: Mar 2013
Location: Orange County, CA

iTrader: (0)

Garage List
Quote:
Originally Posted by capt_slow View Post
Quote:
Originally Posted by jmg View Post
11% off is pretty standard on an i3. On my 2018 I got 10.49% off. On my 2019 I got 12.47% off. I simply asked all the dealers in my area for their best discount at buy rate money factor, and told them I would be asking all the other dealers in my area the same thing. This is all before incentives. You just gotta ask.
How realistic is getting 10-12% off MSRP these days?

The dealers are all raising up scare tactics that i3s production will end soon, existing inventory is scarce, and BMWNA is going to gut incentives.
Depends on if you believe them or not. In the end it doesn't matter if inventory is scarce or if they are GOING TO gut incentives. If the car is on the lot, they want to sell it. If the incentives are in place, they are still in place. They will try and maximize their profits, so the same tactic applies. Call all the dealers and have them compete for your business. My past two i3's both had the same 10-11% discount and at the time not every dealer was willing to give that much off. Most were saying 6-8%. But with enough competition, there was always that one that's willing to get your business.
__________________
2018 F80 ///M3 CS - Lime Rock Grey Metallic | MPE | MPHAS | GC Camber Plates | PFC-08 | RE-71R
2019 I01 i3 BEV - Giga World
Previous: F80 M3 | I01 i3 Rex LCI | I01 i3 REx | F30 340i M Sport ZTR | F30 328i Sport | Audi B7 S4 25Quattro #33 of 250 | E21 320i
Appreciate 0
      11-26-2020, 02:23 AM   #26
capt_slow
Lieutenant
capt_slow's Avatar
United_States
224
Rep
513
Posts

Drives: 2017 F31 328d
Join Date: Oct 2013
Location: SoCal

iTrader: (1)

Garage List
Quote:
Originally Posted by jmg View Post
Depends on if you believe them or not. In the end it doesn't matter if inventory is scarce or if they are GOING TO gut incentives. If the car is on the lot, they want to sell it. If the incentives are in place, they are still in place. They will try and maximize their profits, so the same tactic applies. Call all the dealers and have them compete for your business. My past two i3's both had the same 10-11% discount and at the time not every dealer was willing to give that much off. Most were saying 6-8%. But with enough competition, there was always that one that's willing to get your business.
I guess I spoke too soon. A dealer I visited over the weekend followed up shortly after I made my post. They came back with a better offer that ended up being around 10% off MSRP. Too bad I cant pull the trigger just yet.
__________________
2017 328d xDrive Sports Wagon: Estoril Blue, Black Sensatec, M-Sport Pkg
2018 i3 Rex: Imperial Blue, Giga World
2020 i3 Rex: Capparis White, Giga World
Appreciate 1
jmg9717.50

      11-29-2020, 02:58 AM   #27
Heiznberg
///
United_States
21
Rep
77
Posts

Drives: 2018 M3
Join Date: Sep 2012
Location: San Francisco

iTrader: (0)

Quote:
Originally Posted by jmg View Post
Got my '19 i3 BEV in October

$53k MSRP
12.5% discount
$10k incentives
60% residual
10k/30mo
Max MSDs
0.00110 MF
$3500 in post sale rebates fronted as cap cost reduction

$195/mo including tax.
This deal is insane. Iíve been looking into 2020 i3s and the best deal that I could get is $370/month including tax, $2500 down on 10k/36 months.
Appreciate 0
      11-29-2020, 03:01 AM   #28
CRtoE92
Lieutenant Colonel
CRtoE92's Avatar
United_States
523
Rep
1,568
Posts

Drives: 2020 Melbourne red
Join Date: Aug 2012
Location: PASADENA

iTrader: (1)

Quote:
Originally Posted by capt_slow View Post
Quote:
Originally Posted by jmg View Post
Depends on if you believe them or not. In the end it doesn't matter if inventory is scarce or if they are GOING TO gut incentives. If the car is on the lot, they want to sell it. If the incentives are in place, they are still in place. They will try and maximize their profits, so the same tactic applies. Call all the dealers and have them compete for your business. My past two i3's both had the same 10-11% discount and at the time not every dealer was willing to give that much off. Most were saying 6-8%. But with enough competition, there was always that one that's willing to get your business.
I guess I spoke too soon. A dealer I visited over the weekend followed up shortly after I made my post. They came back with a better offer that ended up being around 10% off MSRP. Too bad I cant pull the trigger just yet.
I was also pushing for 12% + discount off msrp, no luck in southern california. Just signed with 11% off
My payment is $141 w/ 10.25% tax included for 30month 12k it is the sweet spot for i3 lease

Just put $1050 as MSD and $3000 cap cost reduction which ill be getting back from cvrp and sce
Appreciate 0
      11-29-2020, 03:20 AM   #29
jmg
Lieutenant General
jmg's Avatar
United_States
9718
Rep
10,514
Posts

Drives: F80 M3 CS, I01 i3 REx LCI
Join Date: Mar 2013
Location: Orange County, CA

iTrader: (0)

Garage List
Quote:
Originally Posted by CRtoE92 View Post
I was also pushing for 12% + discount off msrp, no luck in southern california. Just signed with 11% off
My payment is $141 w/ 10.25% tax included for 30month 12k it is the sweet spot for i3 lease

Just put $1050 as MSD and $3000 cap cost reduction which ill be getting back from cvrp and sce
Not bad at all! Looks like a great deal! What was the sticker?
__________________
2018 F80 ///M3 CS - Lime Rock Grey Metallic | MPE | MPHAS | GC Camber Plates | PFC-08 | RE-71R
2019 I01 i3 BEV - Giga World
Previous: F80 M3 | I01 i3 Rex LCI | I01 i3 REx | F30 340i M Sport ZTR | F30 328i Sport | Audi B7 S4 25Quattro #33 of 250 | E21 320i
Appreciate 0
      11-29-2020, 03:22 AM   #30
CRtoE92
Lieutenant Colonel
CRtoE92's Avatar
United_States
523
Rep
1,568
Posts

Drives: 2020 Melbourne red
Join Date: Aug 2012
Location: PASADENA

iTrader: (1)

Quote:
Originally Posted by jmg View Post
Quote:
Originally Posted by CRtoE92 View Post
I was also pushing for 12% + discount off msrp, no luck in southern california. Just signed with 11% off
My payment is $141 w/ 10.25% tax included for 30month 12k it is the sweet spot for i3 lease

Just put $1050 as MSD and $3000 cap cost reduction which ill be getting back from cvrp and sce
Not bad at all! Looks like a great deal! What was the sticker?
Pretty base Rex so it was 49,295. I debated soo much between Bev and Rex, i probably would have gotten well equipped Bev at this msrp but i just wanted to have additional range. A big change for me from M4 cs to i3 rex. I envy you have both
Appreciate 0
      11-29-2020, 04:19 AM   #31
capt_slow
Lieutenant
capt_slow's Avatar
United_States
224
Rep
513
Posts

Drives: 2017 F31 328d
Join Date: Oct 2013
Location: SoCal

iTrader: (1)

Garage List
Quote:
Originally Posted by CRtoE92 View Post
Pretty base Rex so it was 49,295. I debated soo much between Bev and Rex, i probably would have gotten well equipped Bev at this msrp but i just wanted to have additional range. A big change for me from M4 cs to i3 rex. I envy you have both
The i3 REX I was looking at stickered around $52K. The dealer offered around 10% off MSRP before incentives, came out to around $123/month for 30mo/10K with about $6K drive off. This was their high-level offer and I didn't dissect the deal too much, but eventually reverse engineered it:
  • $2K below invoice before incentives
  • $3K loyalty and $7.5K lease incentive
  • $1K OL Code
  • Buy-rate MF
  • 7 MSDs
  • $3K down payment for the CVRP and SCE rebates
  • Acquisition fee residualized
  • All other inception fees and taxes paid upfront

It looks like SCE will end the EV rebate at the end of the year. A state rebate of $1500 will replace it. The good news is that it's applied at sale, the bad news is the dealer needs to be enrolled in the program. I'm checking with a few CAs to see if they are interested in signing up.

https://cleanfuelreward.com/
__________________
2017 328d xDrive Sports Wagon: Estoril Blue, Black Sensatec, M-Sport Pkg
2018 i3 Rex: Imperial Blue, Giga World
2020 i3 Rex: Capparis White, Giga World
Appreciate 2
jmg9717.50
luckyJ21.00

      12-06-2020, 10:59 PM   #32
capt_slow
Lieutenant
capt_slow's Avatar
United_States
224
Rep
513
Posts

Drives: 2017 F31 328d
Join Date: Oct 2013
Location: SoCal

iTrader: (1)

Garage List
Ended up pulling the trigger on a new 2020 i3 REX. I ended up spamming a whole bunch of dealers with my offer. Some didnt want to play ball and some countered offered. Settled on $2K below invoice. I put $3K up front in-lieu of the SCE and CVRP rebates that I would get back in a few months.

Year, Make, Model, and Trim: 2020 BMW i3 REX, Tech Package, Giga World, Moonroof
MSRP: $54945
Selling Price: $49290 (incl. $500 OL code)
Monthly Payment: $100
Drive-Off Amount: $7K (MSDs, $3K down, tax, title, acq fee, etc.)
Months: 30
Annual Mileage: 10000
MF: 0.00047 (0.00082 buy-rate less MSDs)
Residual: 59%
Incentives: $7500 Lease Credit, $3000 Loyalty, $1000 i3 Lease-to-Lease credit



__________________
2017 328d xDrive Sports Wagon: Estoril Blue, Black Sensatec, M-Sport Pkg
2018 i3 Rex: Imperial Blue, Giga World
2020 i3 Rex: Capparis White, Giga World

Last edited by capt_slow; 12-20-2020 at 11:45 PM.. Reason: Added pics
Appreciate 2
      12-08-2020, 07:43 PM   #33
yojimbo1
Enlisted Member
5
Rep
46
Posts

Drives: 2013 M5
Join Date: Jan 2014
Location: NYC

iTrader: (0)

Good deal, Capt Slow!

Iím looking to purchase i3s.

Have received several dealer quotes.........none included both 7,500 incentive and 3,000 loyalty.

Seems like they are not playing straight with me?
Appreciate 0
      12-08-2020, 11:36 PM   #34
capt_slow
Lieutenant
capt_slow's Avatar
United_States
224
Rep
513
Posts

Drives: 2017 F31 328d
Join Date: Oct 2013
Location: SoCal

iTrader: (1)

Garage List
Quote:
Originally Posted by yojimbo1 View Post
Seems like they are not playing straight with me?
They probably just need to be hand-held.
  • Offer a price relative to invoice prior to incentives(ie. $3K below invoice)
  • Itemize all the incentives you want to use
  • State your lease term and mileage. 24mo is generally good, but I need 30 months qualify for the CA state CVRP rebate.
  • Demand buy-rate MF
  • Declare you will be putting down 7 MSDs
  • Offer to pay all the inception fees upfront
  • Research what state and local EV rebates you qualify for and add that into the deal either as cash down or point-of-sale rebate
__________________
2017 328d xDrive Sports Wagon: Estoril Blue, Black Sensatec, M-Sport Pkg
2018 i3 Rex: Imperial Blue, Giga World
2020 i3 Rex: Capparis White, Giga World
Appreciate 0
      12-09-2020, 09:00 AM   #35
yojimbo1
Enlisted Member
5
Rep
46
Posts

Drives: 2013 M5
Join Date: Jan 2014
Location: NYC

iTrader: (0)

Thanks Slow.
Iím planning to purchase, not lease, but I get the idea

Many thanks
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 07:10 PM.




bmw
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST