[MFNATIK]

Originally Posted by afadeev

Feb is soon enough.
Historically, BMW FS has been releasing programming in 2-month spans.
Not to say that they could change something this Feb, but if history holds, it's more likely to happen in March.



I also went for Protonic Blue, and there was a surprising shortage of dealer inventory cars in that color. And the few that are out there, are all REX.
Dealers are playing it safe ordering inventory cars in shades of grey, and mostly fully loaded.

Long story short, mine is a custom order, so I have to wait ~2 months to take delivery.

a

Good point on the programming. I think December and January have remained unchanged. Hoping for February to bring some better residuals and or incentives.

[lilmacarony]

Originally Posted by MFNATIK

Sweet deal man! I'm going to wait for Feb programming and see what BMW FS has to offer. The Protonic blue I want is on a ship heading over and the dealer is going to try to swap it for me. Hopefully it will be here sometime next month. Locked in Jan rates in case things take a turn for the worst next month.

Don't forget to look into any incentives the power company is offering....I am up in San Luis Obispo County and PG&E is offering $500 EV credit !

[MFNATIK]

Originally Posted by lilmacarony

Don't forget to look into any incentives the power company is offering....I am up in San Luis Obispo County and PG&E is offering $500 EV credit !

Thanks for the reminder. I'll also be applying for my BMW CCA $500 rebate as well

I love BMW!

[afadeev]

Originally Posted by MFNATIK

Thanks for the reminder. I'll also be applying for my BMW CCA $500 rebate as well

I love BMW!

Make that $1K for BEV.

That's actually higher than what I got for my M3 !!!


https://www.bmwcca.org/vehicle_rebate


The only condition is you must have been a member of BMW CCA for full 12 months prior to claiming the rebate.

This will be my 4th CCA membership rebate. With this payment, I will have paid for BMW CCA lifetime membership 3x over. Never mind all the cool local (meetings, tours, autoX's, Driving Schools, etc) and national (O'fest) activities CCA offers.

If you are reading this and still not a member, consider doing something about it here: www.bmwcca.org

a

[zibawal]

I am looking to lease a 2017 REX loaded around 55K, and am currently with BMW financial.
I would like to keep my lease around a bit over $300. Any advise or facilitation shall be helpful.
Thanks

[zibawal]

Originally Posted by afadeev

Feb is soon enough.
Historically, BMW FS has been releasing programming in 2-month spans.
Not to say that they could change something this Feb, but if history holds, it's more likely to happen in March.



I also went for Protonic Blue, and there was a surprising shortage of dealer inventory cars in that color. And the few that are out there, are all REX.
Dealers are playing it safe ordering inventory cars in shades of grey, and mostly fully loaded.

Long story short, mine is a custom order, so I have to wait ~2 months to take delivery.

a

I can get that protonic REX

[MFNATIK]

Originally Posted by zibawal

I can get that protonic REX

I secured the Protonic REx that's on the boat. Should be here Feb

[zibawal]

Originally Posted by MFNATIK

I secured the Protonic REx that's on the boat. Should be here Feb

But that is yours, right? What was the deal and specs?

[afadeev]

Originally Posted by zibawal

I am looking to lease a 2017 REX loaded around 55K, and am currently with BMW financial.
I would like to keep my lease around a bit over $300. Any advise or facilitation shall be helpful.

You really need to get comfortable with Leasing math and variables.
Start here: http://f80.bimmerpost.com/forums/sho....php?t=1084623
Then download "Leasematic" app to your smartphone, collect and fill out the details.

Details matter. All of them. A LOT.
State-specific variables matter: sales tax on EVs or not? At what rate? How competitive is the local market? Should you shop out of state (if in CA/FL - probably)?

Any monthly payment can be brought down to any target threshold (even $0.00, via down payments), though doing so is rarely in your interest. Occasionally, but rarely.

2017 REX with MSRP of ~$55K, sales price could be brought down to ~$41.5K. If you take advantage of all discounts, and buy down MSD, your MSD should be 0.00065, and your monthly payment will be around $318. Or higher, depending on your sales tax, how it's treated, etc, etc.

[MFNATIK]

Originally Posted by zibawal

But that is yours, right? What was the deal and specs?

Yup, my CA traded it already and its coming to my dealership. The details are exactly the same as the screenshots I posted above. Like afadeev mentioned you will have to get all the financial details first before talking numbers as it is complicated (by design!). What I didn't post is my fleet discount which essentially gets me a further discount on the MF and another $1500 off the car and brings my payment down about $100.

[zibawal]

Originally Posted by afadeev

You really need to get comfortable with Leasing math and variables.
Start here: http://f80.bimmerpost.com/forums/sho....php?t=1084623
Then download "Leasematic" app to your smartphone, collect and fill out the details.

Details matter. All of them. A LOT.
State-specific variables matter: sales tax on EVs or not? At what rate? How competitive is the local market? Should you shop out of state (if in CA/FL - probably)?

Any monthly payment can be brought down to any target threshold (even $0.00, via down payments), though doing so is rarely in your interest. Occasionally, but rarely.

2017 REX with MSRP of ~$55K, sales price could be brought down to ~$41.5K. If you take advantage of all discounts, and buy down MSD, your MSD should be 0.00065, and your monthly payment will be around $318. Or higher, depending on your sales tax, how it's treated, etc, etc.

Thanks man, that is quite insightful!
So, bringing it down to $41.5k, means, 13.5K discount altogether, that shall include 7.5K Fed tax break, 1K loyalty, making it 8.5, rest 5K shall come out from the dealer as dealer discount and then we do 7MSD to bring rate to o.ooo65, am I right, to get payment down to $318 ( inc tax?) and how about upfront including 7MSD?

[MFNATIK]

I'm working on getting the February i3 programming but if someone beats me to it, please post!

[momo3605]

Originally Posted by MFNATIK

I'm working on getting the February i3 programming but if someone beats me to it, please post!

bmwusa "lease offers" is updated for Feb and shows 58% residual still for 36/10k. Unless there are any new incentives or the 30 month residuals went up, doesn't look like there are any changes for Feb

[Brake_Late]

Originally Posted by afadeev

Make that $1K for BEV.

That's actually higher than what I got for my M3 !!!


https://www.bmwcca.org/vehicle_rebate


The only condition is you must have been a member of BMW CCA for full 12 months prior to claiming the rebate.

This will be my 4th CCA membership rebate. With this payment, I will have paid for BMW CCA lifetime membership 3x over. Never mind all the cool local (meetings, tours, autoX's, Driving Schools, etc) and national (O'fest) activities CCA offers.

If you are reading this and still not a member, consider doing something about it here: www.bmwcca.org

a

Nice work

[Brake_Late]

Continuous, unbroken.

[afadeev]

Originally Posted by zibawal

Thanks man, that is quite insightful!
So, bringing it down to $41.5k, means, 13.5K discount altogether, that shall include 7.5K Fed tax break, 1K loyalty, making it 8.5, rest 5K shall come out from the dealer as dealer discount

Don't forget "Fleet discount" - it's very useful to collect that $1.5K credit, but equally helpful to have the MF drop by 2bps from 0.00134 to 0.00114.
These days, just about every major company has a "Fleet discount" with BMW NA.
That's another ~$13/month, or $314.55 on my 24 month lease (higher on yours).

Originally Posted by zibawal

and then we do 7MSD to bring rate to o.ooo65, am I right, to get payment down to $318 ( inc tax?)

7 (max) monthly security deposit (aka MSD) payments will bring your starting MF down by 0.00007 each, or 0.00049 in total. That takes you down to the currently lowest possible MF of 0.00065

Taxes differ by state, you need to figure out what your rate will be.
Here, in NJ, it's 7% on regular cars, add another 0.4% on gas guzzlers.

However, it is 0.0% for farm vehicles, school buses, mobile homes, and EVs.

Originally Posted by zibawal

and how about upfront including 7MSD?

7 MSDs are exactly that: 7 * (you monthly payment, rounded up to the nearest $50). So for $318 monthly, 7 MSDs = 7 * 350 = $2450.
You get them back as a check from BMW FS at the end of the lease.

Run your own #s on the ROI for the MSD deposit. For me, it was exactly 20% annual ROI - better than I expect from any of my other investments.

You can choose to pay license and registration fees upfront, or roll them into the monthly payment.
Same for any other BS fees (cleaning, prep, advertising, training, tire inflating, engine cleaning, battery massaging, light bulb screwing, muffler polishing) that you did not succeed in bringing down to zero during price negotiation.

a

[dsafian]

It looks like BMW has discontinued the MSD program. It would be great if someone knows the present residual table, and MF for 'elite' credit. It would be great to know how to get the Fleet discount as a small biz owner...?

Any help would be very much appreciated!

[Shuttlegoose]

Any deals popping up yet? Wouldn't mind taking a long test drive of a 17 rex to see if I like it.

[afadeev]

Originally Posted by dsafian

It looks like BMW has discontinued the MSD program. It would be great if someone knows the present residual table, and MF for 'elite' credit.

To my knowledge, BMW FS doesn't vary the rates much, if at all.
You either qualify with them for the advertised rates, or get handed over to higher risk vendor.
That being said, the current MF and rates can be found on BMW's web site:
https://www.bmwusa.com/special-offers.html

For leasing, BMW FS is the way to go, since BMW subsidizing new car purchases through lower MF and higher residuals.
For buying a car, you can frequently do better than BMW FS rates. Shop around.

Sorry, I'm not staying up-to-date with the particulars, as I'm off the car market for the next ~18 months.

Originally Posted by dsafian

It would be great to know how to get the Fleet discount as a small biz owner...?

I'm not sure how you can grab the Fleet discount from BMW NA, but if doing so is too much of a burden, you can join any number of social organizations that get the discount. For example, USA swimming!

Note that Fleet and BMW CCA discounts are mutually exclusive. You can collect one or the other, but not both.
In March, Fleet discount was $1.5K off the purchase price + reduction in MSDs. BMW CCA discount was only $1.0K off.

Originally Posted by Shuttlegoose

Any deals popping up yet? Wouldn't mind taking a long test drive of a 17 rex to see if I like it.

I would start with a test drive and decide from there.
If you never owned an EV, deciding to buy one is a major obstacle, so get over that one first. Then test drive a few EVs in the market to make sure you are getting the right one for you.
THEN you start shopping in earnest for a good deal.

HTH,
a

[Brake_Late]

Originally Posted by afadeev

Make that $1K for BEV.

That's actually higher than what I got for my M3 !!!


https://www.bmwcca.org/vehicle_rebate


The only condition is you must have been a member of BMW CCA for full 12 months prior to claiming the rebate.

This will be my 4th CCA membership rebate. With this payment, I will have paid for BMW CCA lifetime membership 3x over. Never mind all the cool local (meetings, tours, autoX's, Driving Schools, etc) and national (O'fest) activities CCA offers.

If you are reading this and still not a member, consider doing something about it here: www.bmwcca.org

a

Yes BMWCCA !

[qkbrian]

Is this a decent deal on a lease for a 2017 REX?

[DRTMGRT]

Originally Posted by qkbrian

Is this a decent deal on a lease for a 2017 REX?

Not a terrible deal. $300-400 a month seems to be the sweet spot. Based on your numbers that can be achieved by getting more of a discount on the msrp. Most folks are able to get 10%-13% off msrp. It's not out of the ordinary. That'll put you in the ~$350-400 a month range.

I'm guessing you are applying the fed rebate to the selling price? If not, What is the 10k in rebates?