$717 lease quote for i3s Rex

mitch32 · 08-24-2018, 09:40 AM

I went to check out an i3 last night and was actually surprised that the car drove well, I stepped out of my m4 straight in the i3 to put it in perspective.

We sat down after the test drive and I was shocked to say the least at the lease price. I need to advice, and reasoning to why it's so high. I've seen these cars for as low as $140 a month on this forum so $200-400 would make sense but $700 I don't understand. I've attached the quote below.

Sale Price: $57645
Customer Cash: $1588
Rebates: $10000
Residual Amount: $36,892.80
Mf: 0.00206
Annual Mileage: 10k
Term: 24 months

bagekko · 08-24-2018, 12:17 PM

Yeah thats outrageous, they must be doing something wrong. My $56k 2017 REX is $380 after tax on a 2yr 15k per year lease.

Some dealers are just idiots or get lucky with a sucker. I was quoted $400 more per month on a lease of an X5 in Kentucky by some dumb rednecks.

mitch32 · 08-24-2018, 12:27 PM

Quote:

Originally Posted by bagekko

Yeah thats outrageous, they must be doing something wrong. My $56k 2017 REX is $380 after tax on a 2yr 15k per year lease.

Some dealers are just idiots or get lucky with a sucker. I was quoted $400 more per month on a lease of an X5 in Kentucky by some dumb rednecks.

Do you have with you the lease quote? Can you share it? I kinda want to see where my quote is wrong.

VacMan1 · 08-24-2018, 05:17 PM

www.leasehackr.com

capt_slow · 08-24-2018, 10:26 PM

Noooooo!!!!! That is a horrible lease deal.

By comparison, some people are leasing i3s this month for under $200. One lucky soul in NJ got his for $50-ish/month.

jmg · 08-25-2018, 08:13 PM

That's a horrible deal but yes, stepping from my F80 to my i3 isn't that bad at all. It's zippy and fun to drive.

Vitacura · 08-26-2018, 10:44 AM

Are the other prices you are comparing to on a 24 or 36 month lease?

bagekko · 08-27-2018, 09:03 AM

Is it adding that $319 theft deterrent in the monthly payment? That might be the problem.

mitch32 · 08-27-2018, 10:27 AM

Quote:

Originally Posted by bagekko

Is it adding that $319 theft deterrent in the monthly payment? That might be the problem.

That $319 is kinda ridiculous but its amortized over the 24 months so $319/24 = $13 a month (plus interest/MF) so its not adding much. The residual is the issue, MF doesnt help.

bagekko · 08-27-2018, 11:54 AM

It really makes no sense even with basic math; 57,645+319-11,588-36893 = 9,483 total payments at 24m its 395 a month.

Alf89 · 08-27-2018, 10:50 PM

Quote:

Originally Posted by capt_slow

Noooooo!!!!! That is a horrible lease deal.

By comparison, some people are leasing i3s this month for under $200. One lucky soul in NJ got his for $50-ish/month.

Where is this?! I'm getting the normal $419/month

capt_slow · 08-28-2018, 08:22 PM

Quote:

Originally Posted by Alf89

Quote:

Originally Posted by capt_slow

Noooooo!!!!! That is a horrible lease deal.

By comparison, some people are leasing i3s this month for under $200. One lucky soul in NJ got his for $50-ish/month.

Where is this?! I'm getting the normal $419/month

Talk to a forum sponsor. Between a 9-10% discount from MSRP and all the BMW and gov incentives I could stack, I leased one for about $181/month

3002 tii · 08-28-2018, 08:55 PM

Terrible deal!

TimeFor · 08-29-2018, 01:09 PM

That's hilarious and totally stupid. I wouldn't deal with them after trying to pull crap like that. It's an untrustworthy dealer. My 2017 Rex 30m 10k/yr is $401 with tax and the car has every single option. They're trying to scam you. plain and simple.

08-24-2018, 09:40 AM	#1
mitch32 First Lieutenant 126 Rep 316 Posts Drives: F82 ZCP Join Date: Apr 2012 Location: Michigan iTrader: (3)	I went to check out an i3 last night and was actually surprised that the car drove well, I stepped out of my m4 straight in the i3 to put it in perspective. We sat down after the test drive and I was shocked to say the least at the lease price. I need to advice, and reasoning to why it's so high. I've seen these cars for as low as $140 a month on this forum so $200-400 would make sense but $700 I don't understand. I've attached the quote below. Sale Price: $57645 Customer Cash: $1588 Rebates: $10000 Residual Amount: $36,892.80 Mf: 0.00206 Annual Mileage: 10k Term: 24 months Attached Images Last edited by mitch32; 08-24-2018 at 09:46 AM..
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08-24-2018, 12:17 PM	#2
bagekko Major 811 Rep 1,076 Posts Drives: Lots of BMWs Join Date: Aug 2013 Location: RI/MA iTrader: (0) Garage List 2018 M4 Vert [0.00] 2006 Z4M Roadster [0.00] 1995 540i [0.00] 2008 BMW M5 [0.00] 2019 i3 Rex [0.00] 2021 X7 40i MSport [0.00]	Yeah thats outrageous, they must be doing something wrong. My $56k 2017 REX is $380 after tax on a 2yr 15k per year lease. Some dealers are just idiots or get lucky with a sucker. I was quoted $400 more per month on a lease of an X5 in Kentucky by some dumb rednecks. __________________ 2008 M5 6spd, 1995 540i 6spd 2018 M4 Vert Comp, 2019 i3 120ah REX 2021 X7 40i MSport, 2006 Z4M 6spd
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08-24-2018, 05:17 PM	#4
VacMan1 Enlisted Member 5 Rep 48 Posts Drives: 2017 i3, 2015 Msport X1 Join Date: Jan 2017 Location: Temecula, CA iTrader: (0)	www.leasehackr.com
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08-24-2018, 10:26 PM	#5
capt_slow Captain 554 Rep 906 Posts Drives: 2017 F31 328d Join Date: Oct 2013 Location: SoCal iTrader: (1) Garage List 2015 VW Golf SportW ... [0.00] 2017 BMW 328d xDriv ... [10.00] 2020 BMW i3 Rex [0.00]	Noooooo!!!!! That is a horrible lease deal. By comparison, some people are leasing i3s this month for under $200. One lucky soul in NJ got his for $50-ish/month. __________________ 2017 328d xDrive Sports Wagon: Estoril Blue, Black Sensatec, M-Sport Pkg 2020 i3 Rex: Capparis White, Giga World
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08-25-2018, 08:13 PM	#6
jmg Lieutenant General 18659 Rep 14,107 Posts Drives: G82 M4C X-Drive Join Date: Mar 2013 Location: Orange County, CA iTrader: (1) Garage List 2022 G82 M4C X-Drive [9.85] 2018 F80 M3 CS [9.87] 2019 i3 BEV [0.00]	That's a horrible deal but yes, stepping from my F80 to my i3 isn't that bad at all. It's zippy and fun to drive. __________________ 2022 G82///M4 Competition X-Drive - KW-HAS, EBC Bluestuff, Millway Race Camber Plates, Cup2 Connect, PSI High Flow Midpipe, Lightweight Front Lip, M Perf Flow Through Wing Previous • 2018 F80 ///M3 CS • 2016 F80 ///*M3 IG: Raging_G82
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08-26-2018, 10:44 AM	#7
Vitacura Ich Liebe mein BMW 413 Rep 887 Posts Drives: 21 M240i CV, 23 X1 Join Date: May 2007 Location: Tampa Bay iTrader: (0)	Are the other prices you are comparing to on a 24 or 36 month lease?
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08-27-2018, 09:03 AM	#8
bagekko Major 811 Rep 1,076 Posts Drives: Lots of BMWs Join Date: Aug 2013 Location: RI/MA iTrader: (0) Garage List 2018 M4 Vert [0.00] 2006 Z4M Roadster [0.00] 1995 540i [0.00] 2008 BMW M5 [0.00] 2019 i3 Rex [0.00] 2021 X7 40i MSport [0.00]	Is it adding that $319 theft deterrent in the monthly payment? That might be the problem. __________________ 2008 M5 6spd, 1995 540i 6spd 2018 M4 Vert Comp, 2019 i3 120ah REX 2021 X7 40i MSport, 2006 Z4M 6spd
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08-27-2018, 11:54 AM	#10
bagekko Major 811 Rep 1,076 Posts Drives: Lots of BMWs Join Date: Aug 2013 Location: RI/MA iTrader: (0) Garage List 2018 M4 Vert [0.00] 2006 Z4M Roadster [0.00] 1995 540i [0.00] 2008 BMW M5 [0.00] 2019 i3 Rex [0.00] 2021 X7 40i MSport [0.00]	It really makes no sense even with basic math; 57,645+319-11,588-36893 = 9,483 total payments at 24m its 395 a month. __________________ 2008 M5 6spd, 1995 540i 6spd 2018 M4 Vert Comp, 2019 i3 120ah REX 2021 X7 40i MSport, 2006 Z4M 6spd
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08-28-2018, 08:55 PM	#13
3002 tii Lieutenant General 2280 Rep 12,565 Posts Drives: Z4 M, X5, GX460 Join Date: Apr 2008 Location: CT iTrader: (99) Garage List F15 X5 xDrive35i [8.75] E86 Z4 M [10.00] F10 550i (Retired) [9.17] F25 X3 xDrive35i (R ... [9.43] E82 135is (Retired) [9.50] E85 Z4 M (Retired) [9.41] E90 328i xDrive (Re ... [9.25] E86 Z4 3.0si (Retired) [9.20]	Terrible deal!
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08-29-2018, 01:09 PM	#14
TimeFor Lieutenant 180 Rep 489 Posts Drives: 2019 i3S REx Join Date: Sep 2011 Location: Hollywood, CA iTrader: (0) Garage List 2019 BMW i3S REx [0.00]	That's hilarious and totally stupid. I wouldn't deal with them after trying to pull crap like that. It's an untrustworthy dealer. My 2017 Rex 30m 10k/yr is $401 with tax and the car has every single option. They're trying to scam you. plain and simple.
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