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Lease takeover or purchase a new BMW i3s

 
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Old 09-12-2018, 07:59 PM
  #1  
Ubermensch
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Default Lease takeover or purchase a new BMW i3s

Year: 2020
Make: BMW
Model: i3
Mileage (numbers only please): 1601
Options (Please check ALL which apply): Airbags, Air Conditioning, Alarm System, Antilock Brakes, Cruise Control, Leather Seats, Power Brakes, Power Door Locks, Power Steering, Power Windows, Sunroof
Color: Blue
Price (no $ sign please): $46000
Private or Dealer Listing: Private Listing
Location (Region): SoCAl
Body Style: Coupe
Transmission Type: PDK
2 or 4 Wheel Drive?: 2 Wheel Drive
Engine Type: Other
Stereo System: AM-FM Stereo

So two months into a new lease I ended up taking a new job that puts me out of the country. I'm forced to get this car out of the garage. This is the new "s" model of the I3 which includes more power, stiffer suspension, wider tires, and some trim changes. You can either take over the lease ($600/month) and I'll throw in the next six months for free or you can purchase the vehicle outright for $46k OBO. A few details:

+ Special order BMW in rare Imperial Blue exterior/Dark Brown Leather interior with 20" Black Alloy wheels.

+ Range extender gives you an extra 65+ miles on top of the battery charge.

+ Pristine condition.

+ HOV lane stickers received. Will transfer as part of sale/lease transfer.

All scheduled maintenance, All records, Always garaged, Custom wheels, Excellent condition, Factory GPS system, Fully loaded with all the goodies, Looks & drives great, Must see, Never seen snow, New paint, New tires, No accidents, Non-smoker, One owner, Perfect first car, Satellite radio, Seats like new, Still under factory warranty, Upgraded sound system, Very clean interior, Well maintained
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Last edited by Ubermensch; 09-12-2018 at 08:05 PM. Reason: Correcting model
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Old 09-12-2018, 10:11 PM
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Modena 1
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Bump for you. This things looks boss. Never seen an i3 like this. If it were in ny I would consider it.
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Old 09-12-2018, 11:17 PM
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Thanks! Doesn't hurt that my wife is an interior designer and picked the colors and materials. Located in Santa Monica for anyone that wants to come take a look in person.
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Old 09-13-2018, 02:31 AM
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TTG
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GLWS.

Hope you negotiated asset depreciation into your relocation.
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Old 09-13-2018, 05:40 AM
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As an i3 owner, this is a real top shelf i3. We love ours and it is a base rex with parking, so I am sure this highly optioned one would be amazing. We owned a Leaf before the i3, and there is no comparison. The i3 blows every other car in its class away IMO. Good Luck with sale. Nice spec!!
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Old 09-13-2018, 12:42 PM
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I'll back up Jamesinger, we also have an i3 at home that my wife drives. I've offered a number of new cars as upgrades but she refuses to let go of her i3. Ours is a Gigaworld REX, so this one would just be THAT MUCH better. Good luck.
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Old 09-16-2018, 05:37 PM
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Still looking for a new home!
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Old 09-16-2018, 06:40 PM
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Can you post the window sticker or full options list and msrp? Which charging cable and adapters are included?
Interested in more details on the lease as with rebates the numbers don’t seem to pencil.
Youll want to state your lease terms, Miles, term, and money factor.
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Old 09-16-2018, 11:14 PM
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Here's the window stick with full options. The standard 120V charging cable that comes with the vehicle is included. I'm happy to share some general details on the lease in this post and can follow up with interested individuals with the lease documentation verifying everything. I forgot to mention that the lease end protection ($1600 value) is also included.

Scheduled maturity of lease 6/2/2021, total lease term was 36 months.
Gross capitalized cost: $57,370
Total monthly payment $612.62
Total mileage 30,010 (~1600 used)
Purchase option at end of lease: $34,739 with a current payoff of ~$48,300
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File Type: pdf
i3s Order.pdf (55.3 KB, 141 views)
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Old 09-17-2018, 07:40 AM
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gellie
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Since this is a used car,do you lose the federal tax rebate? And the state sales tax exemption?
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Old 09-17-2018, 08:06 AM
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The tax benefits are taken off the top to reduce the capital cost used to calculate the payments.

-shawn
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Old 09-17-2018, 08:39 AM
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gellie
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Originally Posted by Ubermensch
The tax benefits are taken off the top to reduce the capital cost used to calculate the payments.

-shawn
Thanks. Not sure if that adds up? MSRP $ 59995 Capitalized to $57330? =$2665 in federal and state rebates?
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Old 09-17-2018, 11:05 AM
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$57k was the gross capitalized cost. The net capitalized cost was reduced by the incentives (tax and past customer discount).

I'm not quite clear on the intent of some of these questions. Is there a question about whether BMW Financial can do math? Happy to get into the details as necessary but I'm just trying to understand the real question.
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Old 09-17-2018, 11:36 AM
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Attached are the full lease details/financials to clarify things. Hope this helps!
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Scan_i3_lease.pdf (155.7 KB, 97 views)
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Old 09-17-2018, 11:51 AM
  #15  
gellie
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Originally Posted by Ubermensch
$57k was the gross capitalized cost. The net capitalized cost was reduced by the incentives (tax and past customer discount).

I'm not quite clear on the intent of some of these questions. Is there a question about whether BMW Financial can do math? Happy to get into the details as necessary but I'm just trying to understand the real question.
When I test drove one last week, My dealer told me this car is eligible for a federal EV rebate of $7500. + no sales tax in NJ. So if the sticker is $58895, wouldn't the capitalized amount on your lease $51,395? Just trying to see if I can make it work?
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