03-11-2019, 04:55 PM | #1 |
New Member
0
Rep 6
Posts |
Comparing i3s lease to purchase
So I’ve been trying to get myself an i3s lease recently, and I can’t seem to find anything under ~11k total cost.
So now I’m seeing that I have that 10k USAA discount on a purchase, and I’m wondering if it buying makes more sense. With the discount, I can probably get down to 35k pre-tax, so about 39k out the door. There’s 10k in rebates, so that’s 29k. What do you think an i3s will be worth in 3 years? I’m seeing many 2016s for about 18k... so something like that? Am I missing something, or is it basically a wash between buying and leasing at the 3 year mark? |
03-12-2019, 09:26 PM | #2 |
Lieutenant General
18663
Rep 14,108
Posts
Drives: G82 M4C X-Drive
Join Date: Mar 2013
Location: Orange County, CA
|
I'd say it's going to be a wash. There's not much incentive to buy unless you plan on keeping it for a longer period of time. UDEs are coming up, you can get another $1000 off for attending one of those. SCE has a $1000 rebate as well for 2019. Did you apply loyalty and lease cash towards your total cost? Don't forget the $2500 state rebate.
__________________
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 |
Appreciate
0
|
03-13-2019, 12:46 PM | #3 | |
Registered
0
Rep 4
Posts |
Quote:
|
|
Appreciate
0
|
03-14-2019, 02:27 PM | #4 | ||||
Colonel
1163
Rep 2,561
Posts |
Quote:
I did max out UDE, employee / fleet rebate, etc. The above # does not even include state kick-backs. Quote:
Quote:
Every year the EV market gets more and more entries, with longer range and quicker acceleration than the i3. The used car market is also over-saturated with i3 lease-returns (90+% of these cares get leased), so used i3 valuations are extremely soft. Search autotrader.com for used i3s in your area, and brace for 2-year old cars with asking prices in the teens, some below $15K. Sales price will be lower still. If you consider that they all started as $50+K MSRP cars, that's pretty rough. Quote:
The key is to realize that all of the USAA/Fleet discounts on i3 are 100% pass through for leases as well, you just need to "collect" them from the dealer. In my case, #s were overwhelmingly in favor of leasing (helps that there is 0% on EV leases in NJ). YMMV, a
__________________
'19 TM3P (BK/BK)
'15 F80 M3 (SO/SS) ex-'17 I01 i3-BEV (PB/DD), ex-'15 I01 i3-REX, ex-E90, E46, E36's, E30's |
||||
Appreciate
0
|
03-17-2019, 03:20 PM | #5 | |||||
Lieutenant General
18663
Rep 14,108
Posts
Drives: G82 M4C X-Drive
Join Date: Mar 2013
Location: Orange County, CA
|
Quote:
__________________
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 |
|||||
Appreciate
0
|
03-17-2019, 11:14 PM | #7 |
Lieutenant General
18663
Rep 14,108
Posts
Drives: G82 M4C X-Drive
Join Date: Mar 2013
Location: Orange County, CA
|
No. They're back. But in my case I was grandfathered in from previous leases.
__________________
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 |
Appreciate
0
|
03-22-2019, 05:50 PM | #8 |
Private First Class
76
Rep 132
Posts |
Correct my if I'm wrong, but MSDs are not available in all states. Even if you've done it before.
For example, I live in TX where we pay 6.25% sales tax on the FULL price of the car when leasing. We also sometimes have to pay annual property taxes on leases as well. I usually get hit with a higher payment in Feb or so of each year. Anyway, I had MSDs on my last 2 leases and I was not able to do it again on my '18 440i GC or my '19 i3s I'm signing on tomorrow. I actually "lost" my MSDs when I traded in my '15 M235i for my 440. I never got my deposits back. I am told that when I trade in my '15 i3 REX tomorrow, I'll get ALL of my MSDs back in about 4 weeks. And yes, I'm doing trade-ins vs lease turn-ins (and getting my MSDs back) based on what I have in writing from my dealer this time around.
__________________
2019 CW i3s BEV
2018 EB 440i Gran Coupe 2015 SO i3 REX *lease return 2015 EB M235i Euro Delivery 11/26/2014 *lease return 2014 MG X1 sDrive 28i MSport *lease return 2011 BS 335d *sold |
Appreciate
0
|
04-07-2019, 05:46 PM | #9 |
Private First Class
121
Rep 128
Posts
Drives: '15 i3 REx, '02 4Runner
Join Date: Dec 2015
Location: Orange County, California
|
What dealerships are you guys going to? Went to BMW of Irvine for a 2019 i3s BEV 36-month lease, I was quoted $3000 down, $432/month. Might as well just get a Model 3/Y.
Where can I find these ~$200-$250/month lease deals? |
Appreciate
0
|
04-07-2019, 07:37 PM | #10 |
Lieutenant General
18663
Rep 14,108
Posts
Drives: G82 M4C X-Drive
Join Date: Mar 2013
Location: Orange County, CA
|
I called every dealer in SoCal who has what I wanted in stock. I told them I calling every dealer and the biggest discount gets the sale. I eventually got one to do 10.5% off that no one else was willing to beat. I fronted the BMWCCA $1000 rebate, $2500 state rebate and $450 SCE rebate. On top of loyalty, lease cash, and 7 MSDs, monthly came to $182/mo not including tax. BMWCCA rebate has since been discontinued but SCE is now $1000 instead of $450.
__________________
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 |
Appreciate
0
|
04-08-2019, 12:22 PM | #11 |
Lieutenant
180
Rep 489
Posts
Drives: 2019 i3S REx
Join Date: Sep 2011
Location: Hollywood, CA
|
Wow, didn't know the BMWCCA rebate was gone on the i3. What a bummer. Do you know if we can still do the AARP fleet rate discount? I'll need another i3 come October. Unfortunately, I'm not an SCE customer so thats another rebate I'll miss out on.
|
Appreciate
0
|
04-08-2019, 12:34 PM | #12 |
Lieutenant General
18663
Rep 14,108
Posts
Drives: G82 M4C X-Drive
Join Date: Mar 2013
Location: Orange County, CA
|
Not 100% sure, but I would also try the costco fleet (which is rumored to be back) and the USAA program.
__________________
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 |
Appreciate
0
|
04-09-2019, 10:17 AM | #13 | |||
Colonel
1163
Rep 2,561
Posts |
Quote:
MSD is a free loan to BMW FS, in return for which, you get lower lease rate (MF). The loan is repaid at the end of the lease, with no interest on the principal. But you save money on interest payments for the lease, which usually makes this a profitable arrangement for the buyer. I don't see why or how this proposition would be effected by your state of residence, although car leases and purchases do get taxed very differently by various states (from 0% to 8+%). Quote:
You never "loose your MSD" deposit - a few weeks after lease turn-in, BMW FS sends you a letter documenting lease-end termination math (+MSD - extra mileage charge -damage - lease termination fees) and credits the delta to your direct deposit account. If your delta is negative (charges from vehicle damage and/or major excessive mileage at lease return exceeding MSD deposit), you will owe BMW FS money. Quote:
It does NOT matter whether you wait to the end of the lease term, or the dealer brights it forward by accepted leased vehicle for trade-in. There is something very fishy going on with the info your dealer is feeding to you. I would 3x check everything with BMW FS and at least another dealer source.
__________________
'19 TM3P (BK/BK)
'15 F80 M3 (SO/SS) ex-'17 I01 i3-BEV (PB/DD), ex-'15 I01 i3-REX, ex-E90, E46, E36's, E30's |
|||
Appreciate
0
|
04-09-2019, 10:31 AM | #14 | |
Colonel
1163
Rep 2,561
Posts |
Quote:
https://www.bmwcca.org/vehicle_rebate But "fleet" rebates are still sort-of on (unless you are shopping for X7 or M-comp models): https://form.jotform.com/83125576463158 By sort-off I mean that in the past, I would get a fixed $$ off the negotiated price. The current "upto to $10K off" sounds ambiguous. HTH, a
__________________
'19 TM3P (BK/BK)
'15 F80 M3 (SO/SS) ex-'17 I01 i3-BEV (PB/DD), ex-'15 I01 i3-REX, ex-E90, E46, E36's, E30's |
|
Appreciate
0
|
04-09-2019, 12:10 PM | #15 | |
Lieutenant General
18663
Rep 14,108
Posts
Drives: G82 M4C X-Drive
Join Date: Mar 2013
Location: Orange County, CA
|
Quote:
You can apply those same MSDs to your new lease. Old MSDs can be grandfathered in. I've done it before.
__________________
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 |
|
Appreciate
0
|
Post Reply |
Bookmarks |
|
|