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2015 BMW i3 November Lease Program - $130/month, net $0 down payment (California)

empowah 37 41 November 10, 2015 at 06:45 PM in Autos (3)
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Last Edited by empowah November 10, 2015 at 10:25 PM
Hey guys,

It's been a few months since the last "epic" lease deal -- the Spark EV, and before that, the 500e.

I've been playing around with some numbers (i.e., BMW's lease program for the i3), and I found out that their i3 (either full-electric or with the range extender) can be leased for around $130/month, $0 net down payment, before taxes and fees.

It requires putting down a security deposit to lower the money factor, as well as certain targeted incentives (recent college grad, etc.). Without them, the lease is about $200/month with $0 net down payment.

You can read about the deal here:

http://leasehackr.com/blog/2015/1...yes-really

It's not as cheap as the Spark EV, but then again, this is a $50K+ car with a really nice interior and advanced construction.

Cheers!

Michael
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Joined Jun 2006
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#2
The $1000 discount for UDE appears to be only available for Flushing NY right now?

https://ude.bmwusa.com/

Do you need to buy a charging station and is there electrical work that needs to be paid for to set up charging of the car at home?
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Last edited by namlook November 10, 2015 at 08:33 PM.
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#3
ny doesn't allow stacking security deposits from what I was told a few months back
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#4
I need to get this. Which dealership in California has it for this price?
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#5
I'm not a fan of leasing but this is very cheap if you can get on it
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Joined Feb 2015
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#6
How much it will cost to lease same in Texas? If this is meant only for Cali, please update title OP.
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#7
Available in AZ for blue plate?

security deposit refundable?

the range extender=hybrid gas?
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Last edited by vickh November 10, 2015 at 08:39 PM.
#8
If there is a dealer on here in mn or wi hit me up.
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#9
Quote from Masta Z View Post :
ny doesn't allow stacking security deposits from what I was told a few months back
That is correct Masta. NY dealerships cannot do what we called "Multiple Security Deposits" aka MSD. There's a limit on how many MSD you can use to lower the money factor based on the car manufacturer. For example BMW can do up to 7 MSD at a time. It's different from a one pay lease where you pay everything upfront and don't get it back at the end of your lease. This doesn't always mean a one pay lease isn't the best option to go if you can pay it upfront. A money factor will only go so low. The MSD amount is based on your monthly payment and is rounded in increments based on manufacturer bank guidelines. However, if you are a NY resident you can take advantage of this by buying your car out of state to take advantage of MSD. I know because I'm in the car business so I know.
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Last edited by GenerationSlick November 10, 2015 at 08:42 PM.
#10
Wow, MD offers $2750 on the i3, slightly better than CA, so this deal is feasible here assuming the dealers work on the pricing. That's amazing.
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#11
Quote from GenerationSlick View Post :
That is correct Masta. NY dealerships cannot do what we called "Multiple Security Deposits" aka MSD. There's a limit on how many MSD you can use to lower the money factor based on the car manufacturer. For example BMW can do up to 7 MSD at a time. It's different from a one pay lease where you pay everything upfront and don't get it back at the end of your lease but sometimes it's better. The MSD amount is based on your monthly payment and is rounded in increments based on manufacturer bank guidelines. However, if you are a NY resident you can take advantage of this by buying your car out of state to take advantage of MSD. I know because I'm in the car business so I know.
wow I assumed that it would be according to where your car would be registered?
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#12
Quote from Masta Z View Post :
wow I assumed that it would be according to where your car would be registered?
I assume you reside in NY like I do? As long as you buy your car out of state say NJ you can register the car in NY and do MSD. I work for a car leasing company so when NY clients come to me who want to lease and do MSD I use out of state dealerships to get the cars for them. Hope this helps.

Empowah, I will look into the information you provided tomorrow and crunch the numbers to see if it makes sense. If this is true, this is a killer deal.
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Last edited by GenerationSlick November 10, 2015 at 08:53 PM.
#13
Cool, I can stack my bmwcca discount on top of all of this since I'm a recent grad too. Been trying to get the Fit Ev without any luck and might just spring for this.
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#14
Quote from huge View Post :
I need to get this. Which dealership in California has it for this price?
I agree with everything you said
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#15
Quote from vickh View Post :
Available in AZ for blue plate?

security deposit refundable?

the range extender=hybrid gas?
Yes MSD is refundable at the end of the lease.
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