The new BMW i3 is slowly becoming an important car for the Bavarians. Sales are increasing month-over-month, new customers come to the brand and BM is starting to see its big investment pay off.
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When it went on sale in 2014 in the U.S., the i3’s lease deals were higher than your usual BMW model. Mostly because the residuals were low and a fully loaded i3 REx would jump over $50,000. It wasn’t uncommon to see lease deals north of $700/month; yet those hadn’t stopped early adopters to jump in BMW’s first electric vehicle.
Fast forward a year later and the lease takeover market for the i3 seems to be more vibrant than ever and with the right amount of patience one can score a deal. Even on a fully loaded model.
Take for example this 2015 BMW i3 – listed on Craigslist – which has a lease term of 24 month and 20,2000 total miles allowed. The odometer reads 2800 miles and comes with plenty of options and packages – Giga World, Harman Kardon Premium Sound, Technology and Driving Assistant Package, and even a Suntek Carbon XP tint to math the immaculate white paint job.
So one would assume that taking over this lease would cost a pretty penny? But to our surprise, it’s actually a quite amazing deal. The monthly payment is $197 a month (taxes rolled into the payment) and it requires $2400 cash upfront. While that seems steep for a second, the owner says $1400 would be returned by BMW Financial Services at the end of the lease term.
So essentially for $200 a month, plus a one time fee of $1000, you can own, arguably, BMW’s most technologically advanced car.
More details here.