05-22-2023, 02:41 PM | #1 |
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i4 40e lease take over
Is anyone interested in a lease take over?
2023 i4 in Brooklyn Grey over Vernasca red leather with M sport package, Premium package, M sport brakes and HK sound? I put $3k down and it also has a tire/wheel protection. I always get those with my leases. $1150 is the monthly payment, the lease matures on Nov 5th, 2025. - MSRP $64,720 - Actual capitalized cost $65,797 - Residual; $34,949 - Money factor 0.00210 - Miles per year 10,000 - Mileage now 7800
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Last edited by greentrbo95gst; 06-02-2023 at 04:17 PM.. |
05-31-2023, 02:37 PM | #6 |
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Drives: 2023 BMW i4 M50
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Location: Los Angeles, California
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Try swapalease and leasetrader . I’ve had luck with both in the past. If neither work, there are some auto traders that buy out BMW leases (Carmax no longer does). Where are you located ?
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06-02-2023, 04:17 PM | #7 |
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Updated the main post.
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06-11-2023, 11:51 PM | #9 |
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Never leased before. How do you know if you’re getting a good deal on a lease?
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06-12-2023, 02:03 AM | #10 |
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1) start with good selling price
2) High residual for the mileage allowed (58-60% for 12-15k miles per year) 3) Low money factor (multiply MF by 2400 to see what the équivalant APR is) 4) No down payment other than license and registration (no capitalized cost reduction which is basically prepaying the lease) An $1100 payment on a $65k car with only 10k miles per year is not a good lease. But I could be wrong, maybe EV’s just dont offer attractive leases. |
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06-13-2023, 11:14 AM | #11 | |
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65000/60 = 1083.
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06-15-2023, 10:46 AM | #13 |
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Seems pretty on point with other i4's 40e with similar options.
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06-15-2023, 10:50 AM | #14 |
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https://www.swapalease.com/lease/BMW/i4/search.aspx
Not as bad as you describe it. If you remove 35e's from the link above and consider extra $'s for few options that the 40e's in the listings above don't have it's pretty even across the board.
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06-15-2023, 03:36 PM | #15 | |
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Interest Rate: 5% Residual 54% You paid over sticker @ $68,797 (assuming ADM plus a small amount for the wheel plan) You're over miles on a monthly 36 month burn-rate for 7 month's use. Current leases on i4 are significantly more attractive. 3 year/10k per year leases are currently as follows for June 2023: Money Factor: 0.00185 Residual Value = 55% for 36/10k $3500 lease tax credit (applied as cap cost reduction by BMWFS) Using the same MSRP (64720), a lease today sold at MSRP, with only fees DAS would be a pre-tax monthly of $891. (With 9% CA tax is $971/month) However this isn't even reality ... brokers are doing a minimum of 5% off MSRP on i4e40, so that deal looks like this: MSRP: 64720 Selling Price: 61484 Residual: 35,596 MF: 0.00185 (~4.45%) DAS: $3100 Monthly (pre-tax): $795 Monthly (CA tax): $867 https://leasehackr.com/calculator?ma...sult_mode=true Last edited by CaboM4; 06-15-2023 at 03:48 PM.. Reason: Added Leasehackr calculator for those who don't trust my math |
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06-15-2023, 03:47 PM | #16 | |
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Attractive Selling Price Artificially High Residual Value This is the formula for a good lease. In times of low interest-earning opportunities, put down x7 100% refundable MSDs (7 monthly payments rounded up to the nearest $50) to lower interest rate by a MF of 0.00070 or ~1.7% reduction. In current times, put your money in a short-term, high-yield certificate and earn ~ 5% as the opportunity costs are showing a greater yield than the MF discount provided. |
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06-15-2023, 05:45 PM | #17 | |
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11-02-2023, 04:18 PM | #18 |
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I am in process of making a deal on the car with a dealer.
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