[Kief]

Originally Posted by 19818914

I had the f type r before the i8. I miss the noise but the i8 is great and it's amazing how much money I save on gas.

Interesting...I've only had my Jag since Feb. Love mostly everything about it, but she is a heavy girl and I'm not very impressed with the brakes.

Besides the noise (which is so addictive), anything else you miss?

[rastaman777]

Please help my math...
So, if i negotiate:

purchase price of 116k
24mths/10k miles

...thats a 137 money factor and 69% residual

....monthly payment should be about 1300?

[exclusivedetails]

Originally Posted by rastaman777

Please help my math...
So, if i negotiate:

purchase price of 116k
24mths/10k miles

...thats a 137 money factor and 69% residual

....monthly payment should be about 1300?

At a purchase price of 116k and a MSRP of 148k, you should be looking at under $1k a month based on my calculator.

Also did some math here for you...

Monthly Depreciation = $578 a month (cap cost - residual / 24 months)
Monthly Interest = $298 a month (cap cost + residual x money factor)
Taxes a month = $70 (assuming its 8% on the above)

Total should be $946 a month. If you put full 7 MSD, you would be getting one heck of a deal...

Keep in mind that I did not roll in acquisition fee, bank fee, title fee into your cap cost...etc. That can be +$100 a month. The question is if you can get $32k off. That seems high...

[2009e93m3]

Originally Posted by rastaman777

how long is the lease and how many miles?

Sorry, I didn't get notified on the thread activity or I would've responded sooner. I'd just go with whatever the best deal was. I'd be fine with a 2 year lease, but I think you get the best rate on a 3 year, so that's also OK. I certainly don't need any more than 10,000 miles a year. I don't drive much as I live very close to my office.

[rastaman777]

Originally Posted by exclusivedetails

At a purchase price of 116k and a MSRP of 148k, you should be looking at under $1k a month based on my calculator.

Also did some math here for you...

Monthly Depreciation = $578 a month (cap cost - residual / 24 months)
Monthly Interest = $298 a month (cap cost + residual x money factor)
Taxes a month = $70 (assuming its 8% on the above)

Total should be $946 a month.

Keep in mind that I did not roll in acquisition fee, bank fee, title fee into your cap cost...etc. That can be +$100 a month. The question is if you can get $32k off. That seems high...

trying to work backwards so i probably didn't do it right.
i'm looking at 4k out of pocket, which is taxes/fees/first month payment up front.
1300/mth
24mth/12kmiles
MF of 137, RV 69%

so was trying to figure out what the working price of the vehicle was with those numbers...

[exclusivedetails]

Originally Posted by rastaman777

trying to work backwards so i probably didn't do it right.
i'm looking at 4k out of pocket, which is taxes/fees/first month payment up front.
1300/mth
24mth/12kmiles
MF of 137, RV 69%

so was trying to figure out what the working price of the vehicle was with those numbers...

If its 12k miles, RV should be 68%.

Looks like sales price of $125k roughly. If MSRP is 148k. I am not sure what your tax rate is in your state - I just used 7%

[Longboarder]

Originally Posted by rastaman777

trying to work backwards so i probably didn't do it right.
i'm looking at 4k out of pocket, which is taxes/fees/first month payment up front.
1300/mth
24mth/12kmiles
MF of 137, RV 69%

so was trying to figure out what the working price of the vehicle was with those numbers...

Originally Posted by exclusivedetails

If its 12k miles, RV should be 68%.

Looks like sales price of $125k roughly. If MSRP is 148k. I am not sure what your tax rate is in your state - I just used 7%

23k off is really good. is this a 2015 or a 2016?

[rastaman777]

Originally Posted by Longboarder

23k off is really good. is this a 2015 or a 2016?

2015

[.Rolex]

anyone find one available? looking to purchase ASAP

[2045]

Originally Posted by .Rolex

anyone find one available? looking to purchase ASAP

if u see my previous email, i'm willing to make the move. make me an offer i'll guarantee you with one of the best deal you can find now, if u're buying.

[williocom]

Originally Posted by .Rolex

anyone find one available? looking to purchase ASAP

posted this in the other thread too...

My dealer just sent over this email for anyone who might be in the market.


I hope all is well. With only one more week left in July, I wanted to reach out to you in regards to our 2015 BMW i8. This vehicle must go by July 31,2016, and I wanted to personally touch base with you and see if your still in the market or know anyone who may be?

Please feel free to contact me by simply replying to this e-mail or calling me directly at 843.662.8711 ext. 1066. Also, please feel free to forward my contact information and the link below to anyone who may be interested.

http://www.bmwofflorence.com/searchnew.aspx?Model=i8

Kind Regards,

Evan Cantrell Hair
Sales Manager
BMW of Florence
Mercedes-Benz of Florence
2199 David McLeod Blvd., Florence, SC 29501
Direct Line: (843) 662-8711 ext. 1066
ecantrell@fivestarflorence.com
www.BMWofFlorence.com
www.MercedesBenzofFlorence.com

[.Rolex]

Originally Posted by williocom

posted this in the other thread too...

My dealer just sent over this email for anyone who might be in the market.


I hope all is well. With only one more week left in July, I wanted to reach out to you in regards to our 2015 BMW i8. This vehicle must go by July 31,2016, and I wanted to personally touch base with you and see if your still in the market or know anyone who may be?

Please feel free to contact me by simply replying to this e-mail or calling me directly at 843.662.8711 ext. 1066. Also, please feel free to forward my contact information and the link below to anyone who may be interested.

http://www.bmwofflorence.com/searchnew.aspx?Model=i8

Kind Regards,

Evan Cantrell Hair
Sales Manager
BMW of Florence
Mercedes-Benz of Florence
2199 David McLeod Blvd., Florence, SC 29501
Direct Line: (843) 662-8711 ext. 1066
ecantrell@fivestarflorence.com
www.BMWofFlorence.com
www.MercedesBenzofFlorence.com

I spoke with Evan, unfortunately her quote wasn't that aggressive compared to others

[.Rolex]

Originally Posted by 2045

if u see my previous email, i'm willing to make the move. make me an offer i'll guarantee you with one of the best deal you can find now, if u're buying.

Sorry, I meant looking to lease ASAP

[PhantomCypher]

Originally Posted by .Rolex

2500 drive off
1293/month with 15k/36 shipped
Non Demo
2015 Pure Impulse, White
150095 sticker

thoughts on the deal?

What's the selling price?

[Kief]

Is Edmunds correct that there is currently $3000 buildout, $2465 lease cash, AND $1000 loyalty for remaining 2015 i8s?

Dealer is saying no to the $1k loyalty
Thanks

[KANE699]

Just got this lease offer on a 2016, Really been wanting to get into an i8 for awhile, is this a good deal?

36 months 10k mileage

3500 down plus fees and first months payment

sale price 137,716 MSRP is 152,495

Residual is 63%

Monthly Base is 1394 plus the 83$ tax a month coming to a monthly payment of 1478.

I really wanted payments somewhere around the 1100-1300 range, is this a good offer on a brand new 2016 that just had the protective pieces just pulled off of it?

[phoenixbmwlife]

Originally Posted by KANE699

Just got this lease offer on a 2016, Really been wanting to get into an i8 for awhile, is this a good deal?

36 months 10k mileage

3500 down plus fees and first months payment

sale price 137,716 MSRP is 152,495

Residual is 63%

Monthly Base is 1394 plus the 83$ tax a month coming to a monthly payment of 1478.

I really wanted payments somewhere around the 1100-1300 range, is this a good offer on a brand new 2016 that just had the protective pieces just pulled off of it?

Wow from the surface that looks like a horrible deal. But not sure how great the deals will be now on 2016s. What's the money factor they quoted you?

[KANE699]

Originally Posted by PhoenixWolf

Wow from the surface that looks like a horrible deal. But not sure how great the deals will be now on 2016s. What's the money factor they quoted you?

I am still relatively new to the lease scene, only leased an A4 before.

They keep assuring me this is an amazing deal even though they have 3 2016 i8's on the lot.

What exactly is the money factor?


I know they had some amazing deals on 2015's lately but we aren't that far into having the 2016's out yet since the 2017's are just about to hit the lot.

[phoenixbmwlife]

Originally Posted by KANE699

I am still relatively new to the lease scene, only leased an A4 before.

They keep assuring me this is an amazing deal even though they have 3 2016 i8's on the lot.

What exactly is the money factor?

The money factor is just another word for interest rate. All leases have a base money factor from the manufacturer, but the dealership is allowed to increase it so that they can make more profit on the deal. And over the life of your lease it could end up being thousands of dollars.

You should negotiate with the base money factor and then if you really want to save some more money do what is called multiple security deposits. That's basically giving BMW equal to about 7 monthly payments to hold for the life of the lease. When the lease is up you get your money back. It's completely different from putting money down because you never get that money back. And a good rule of thumb is never to put money down on a lease, because if God forbid you put down $3,500 on a lease and as soon as you drive off the lot someone crashes into you, and your car is totaled that money is gone. When your insurance helps you to get into another car, in order to keep the same payment you will have to put down another $3,500 out of your pocket. Not cool but that's how leases work.

So Multiple security deposits is a better way to go because it lowers the interest rate from the base money factor so you save a tonn of money which is recognized in your monthly payment.

There are tons of great information here on leases that you can search with much more information. I hope I didn't confuse you but you should do some more research on how leases work right here in this forum. There are documents that explain it much better than I do. Good Luck!

[KANE699]

I don't know if I have enough sitting around to let them hold 7 months worth of payments but working on the money factor seems like something I can definitely work on, this was all very helpful!

Here is what I have been given to work with.

View post on imgur.com

I believe the money factor here is 0.00177

[Mr.SugarSkulls]

Originally Posted by KANE699

I don't know if I have enough sitting around to let them hold 7 months worth of payments but working on the money factor seems like something I can definitely work on, this was all very helpful!

Here is what I have been given to work with.

View post on imgur.com

I believe the money factor here is 0.00177

The current money factor is .00137

That discrepancy alone is almost 100 bucks extra a month.

There are two reasons they are marking it up. 1) your credit is weak(unlikely if you qualify for an i8) or 2) they are trying to make profit off of you.

If you qualify for tier 1 (strong credit history/ 675+) there should be absolutely no reason they give you that rate.

Let them know that they need to fix that for starters, secondly let them know there are close to 400 sitting around, with 2017s coming in any day now- so they should work with your numbers. Set a firm price (1300 with tax included) with acquisition fee rolled into the lease and as little as possible. (Just first month and registration) if they won't go for it- don't be afraid to shop around. Dealers are willing to negotiate- you just have to be stern about it.

[phoenixbmwlife]

Originally Posted by KANE699

I don't know if I have enough sitting around to let them hold 7 months worth of payments but working on the money factor seems like something I can definitely work on, this was all very helpful!

Here is what I have been given to work with.

View post on imgur.com

Yeah they are really getting you on the interest rate. It's too high.

They want you to pay a money factor of 0.00177 or 4.248% APR per year in interest. Tell them you will do the deal at the manufacturer base money factor. I believe it's still 0.00137 or 3.288% APR.

This will bring your monthly payment (no tax) down to $1,303.23. And (with tax) to $1,381.42 per month. Saving you about $96 a month or $3,456 over the 36 months of the lease. And yes that's how much you would have been over paying in interest alone.

But you gotta find out exactly how much money they want you to pay out of pocket upfront, and have them itemize it, then post it here so we can see if they are hiding more profit in fees. It will at least let you know what kind of deal you're really working with.