[pimp4cheddar]

Just wondering if anyone has leased either an i4 or i4 M50 yet.

I see many forum members awaiting their ordered car - but how does it work for someone leasing? Do you agree to lease terms prior to receiving the car or get the surprise of the residual, mf and other factors upon your car arriving?


I'm really liking the i4 M50 from the images and videos so far and heavily considering selling my X3M for one (not sure as to buy vs lease). ..but wanted to look at the potential idea of a lease.

Also - are the US versions not getting the M Seats? I see the European versions with them but no option to add them on the configuration site...

I realize it's early in the release of these - so any insight is awesome. Thanks!

[spool twice]

I'm hoping lease figures will be released soon after they give the greenlight to start selling them.

I believe pre-order guys have a locked-in rate already that the non-pre-order guys won't receive. Whether or not we will eventually receive the same thing, who knows?

No, we don't get the M seats ..but thankfully the standard sport seats are decently comfortable.

[techwhiz1]

Lease rates are crap.

Their attitude seems to be that since the next guy/woman will buy it; they don't need the risk of leasing.

The lease rates I saw when I was looking had me paying basically the same.

I'm getting 1.9% financing that was locked in with the pre-order.

[Haywood]

Originally Posted by techwhiz1

Lease rates are crap.

Their attitude seems to be that since the next guy/woman will buy it; they don't need the risk of leasing.

The lease rates I saw when I was looking had me paying basically the same.

I'm getting 1.9% financing that was locked in with the pre-order.

Tech, are you concerned with the depression on the i4 in 3-5 years considering the advancement of EV tech? Especially, being the first model? This is my concern and why I was leaning towards leasing.

[techwhiz1]

Originally Posted by Haywood

Tech, are you concerned with the depression on the i4 in 3-5 years considering the advancement of EV tech? Especially, being the first model? This is my concern and why I was leaning towards leasing.

Not concerned.
I typically don't get out of a car in 4 or 5 years. I was typically buying lease returns and keeping them for a decade.

I've seen EV technology evolve over the last 6 or 7 years and think we are at a plateau. There isn't anything new in battery tech that's.going to hit the market in less than 5 years.

We won't see any real ADAS L3 until 2025 and does it matter? Not to me. This car checks all the boxes for me as a long term keeper.

It's replacing an E90 that I bought as a lease return and kept for 11 years.

So for me it's about will the car last?
It being a BMW I don't have any doubts that it will.

[BimmerBahn]

Current iX M50 lease program... residual is crap.... with 7500 mile/year.

Eff that!!

889 PER MONTH FOR 36 MONTHS
$6,539 DUE AT SIGNING
SUGGESTED DEALER CONTRIBUTION OF $2,150
Through March 31, 2022, lease offer available on new 2022 BMW i4 M50i Gran Coupe models from participating BMW Centers through BMW Financial Services NA, LLC, to customers who meet BMW Financial Services' credit requirements. Offer not valid in Puerto Rico.

Monthly lease payments of $889 per month for 36 months is based on an adjusted capitalized cost of $64,795 (MSRP of $71,670, including destination and handling fee of $995, less $4,725 capitalized cost reduction, $0 security deposit and suggested dealer contribution of $2,150). Actual MSRP and dealer contribution may vary and could affect your monthly lease payment. Cash due at signing includes $4,725 capitalized cost reduction, $889 first month's payment, $925 acquisition fee and $0 security deposit. Lessee responsible for insurance during the lease term, excess wear and tear as defined in the lease contract, $0.25/mile over 22,500 miles, plus disposition fee of up to $495 (not to exceed an amount permissible by law) at lease end. Not all customers will qualify for security deposit waiver. Tax, title, license, registration and dealer fees are additional fees due at signing. Advertised payment does not include applicable taxes. Purchase option at lease end, excluding tax, title and government fees, is $38,702.

[techwhiz1]

Originally Posted by BimmerBahn

Current iX M50 lease program... residual is crap.... with 7500 mile/year.

Eff that!!

889 PER MONTH FOR 36 MONTHS
$6,539 DUE AT SIGNING
SUGGESTED DEALER CONTRIBUTION OF $2,150
Through March 31, 2022, lease offer available on new 2022 BMW i4 M50i Gran Coupe models from participating BMW Centers through BMW Financial Services NA, LLC, to customers who meet BMW Financial Services' credit requirements. Offer not valid in Puerto Rico.

Monthly lease payments of $889 per month for 36 months is based on an adjusted capitalized cost of $64,795 (MSRP of $71,670, including destination and handling fee of $995, less $4,725 capitalized cost reduction, $0 security deposit and suggested dealer contribution of $2,150). Actual MSRP and dealer contribution may vary and could affect your monthly lease payment. Cash due at signing includes $4,725 capitalized cost reduction, $889 first month's payment, $925 acquisition fee and $0 security deposit. Lessee responsible for insurance during the lease term, excess wear and tear as defined in the lease contract, $0.25/mile over 22,500 miles, plus disposition fee of up to $495 (not to exceed an amount permissible by law) at lease end. Not all customers will qualify for security deposit waiver. Tax, title, license, registration and dealer fees are additional fees due at signing. Advertised payment does not include applicable taxes. Purchase option at lease end, excluding tax, title and government fees, is $38,702.

Like I said, the lease rates are crap.

My car is $90K out the door and fully loaded.
Your purchase option at the end of lease is what my down payment is. My monthly is $876 and I'm buying a fully loaded car.
Oh and I get a $7500 tax credit.

The $889 payment does not include tax. So where I live that payment is $977. So the monthly on a car that cost $15k less will be $100 more.

That $65k car where I live will be about $72k out the door. You could put $15k down and get the same monthly and be buying the car.
After 36 months, you would owe about $24k.
You also get the $7500 tax credit. So you get half your down payment back in less than a year.

They don't want you to lease. Buying is the better option, even if you sell the car in 3 years. You also don't have the mileage limitations.

If you bought at the end of the lease that $65k car would cost about $80k total. If you bought it, the price including finance and the rebate offset would be $15k down - $7500 tax credit + $60k in payments after 5 years. So $67500.

Why would you lease? It only gets worse if the car is more expensive like mine

[spool twice]

fyi... there are services through AFG-backed programs at certain banks/credit unions that have depreciation-only loans, with an option of returning the car at the end of the loan, similar to a lease

Benefits:

You get the full $7,500 tax credit if you qualify (vs a portion of it)
The rates aren't terrible
Payments are lower than regular purchase payments (and possibly lower than lease payments too...)
And you can walk away if you'd like at the end.

Downside is if you live in a state that only taxes on lease payments, you have to pay the tax on the entire net capital cost, and interest on the entire net capital cost, however the rates are low enough to where it may not matter?

Here is one:

https://www.tctfcu.org/payment-saver-auto-loan

They don't list the i4 yet, but I suspect they will eventually list it.

[Haywood]

Originally Posted by techwhiz1

Not concerned.
I typically don't get out of a car in 4 or 5 years. I was typically buying lease returns and keeping them for a decade.

I've seen EV technology evolve over the last 6 or 7 years and think we are at a plateau. There isn't anything new in battery tech that's.going to hit the market in less than 5 years.

We won't see any real ADAS L3 until 2025 and does it matter? Not to me. This car checks all the boxes for me as a long term keeper.

It's replacing an E90 that I bought as a lease return and kept for 11 years.

So for me it's about will the car last?
It being a BMW I don't have any doubts that it will.

Thanks. I always appreciate your insight.

[techwhiz1]

Originally Posted by Haywood

Thanks. I always appreciate your insight.

Somebody leasing the bare ones car that decides to buy it will be less than $4k away from my loaded model.

Thanks for the compliment.

[BimmerBahn]

Originally Posted by techwhiz1

Like I said, the lease rates are crap.

-snip-

Why would you lease? It only gets worse if the car is more expensive like mine

agree 100%

[Haywood]

Originally Posted by spool twice

fyi... there are services through AFG-backed programs at certain banks/credit unions that have depreciation-only loans, with an option of returning the car at the end of the loan, similar to a lease

Benefits:

You get the full $7,500 tax credit if you qualify (vs a portion of it)
The rates aren't terrible
Payments are lower than regular purchase payments (and possibly lower than lease payments too...)
And you can walk away if you'd like at the end.

Downside is if you live in a state that only taxes on lease payments, you have to pay the tax on the entire net capital cost, and interest on the entire net capital cost, however the rates are low enough to where it may not matter?

Here is one:

https://www.tctfcu.org/payment-saver-auto-loan

They don't list the i4 yet, but I suspect they will eventually list it.

This is interesting. Never heard of these.

[BimmerBahn]

Originally Posted by Haywood

This is interesting. Never heard of these.

It looks like a finance program similar to the BMW Select.... essentially there is a balloon payment at the end of the term....

[spool twice]

You can either:

sell, trade, return (aka walk away), or pay balloon payment. BMW Select doesn't allow you to walk away.

https://www.tctfcu.org/files/tctfcu/...ndout_0921.pdf

[blinkme323]

Not only are the lease rates crap, most dealers want 10-20k over sticker, so purchasing is a fools mission also.

[Haywood]

Originally Posted by spool twice

You can either:

sell, trade, return (aka walk away), or pay balloon payment. BMW Select doesn't allow you to walk away.

https://www.tctfcu.org/files/tctfcu/...ndout_0921.pdf

I just used their calculator and then used my credit unions using 1.99%. It was a savings of about $150 per month with the AFG option.

[BimmerBahn]

Originally Posted by spool twice

You can either:

sell, trade, return (aka walk away), or pay balloon payment. BMW Select doesn't allow you to walk away.

https://www.tctfcu.org/files/tctfcu/...ndout_0921.pdf

interesting.... it looks like a basic lease.... not a bad deal on first glance.

[Haywood]

Originally Posted by blinkme323

Not only are the lease rates crap, most dealers want 10-20k over sticker, so purchasing is a fools mission also.

Read the other threads. None of us who put down deposits are paying a markup. Also, there are plenty of dealers that won't. If yours does, tell them to F off and find another.

[techwhiz1]

Originally Posted by blinkme323

Not only are the lease rates crap, most dealers want 10-20k over sticker, so purchasing is a fools mission also.

For the I4?

For my pre-order the price is the price.
I have the form printed by the dealer where we have all the charges for the car and the 1.9% financing along with my down payment.

My monthly payment is spelled out.
They have my credit report.
Build is finalized and accepted by BMW.
There is nothing left for me to do until the car shows up.

There is no "market adjustment".
I don't like MSRP, but I'll live.

[mbchris]

Originally Posted by techwhiz1

I don't like MSRP, but I'll live.

Exactly. Why even have it? There's no MSRP for cereal and we all can survive.

[techwhiz1]

Originally Posted by mbchris

Exactly. Why even have it? There's no MSRP for cereal and we all can survive.

Because for everything except food, dog food and gas; prices are negotiable.

I can negotiate the price of a stove, fridge or just about anything else where manufacturers compete for your business.

In this seller's market for cars that is no longer an option. I think for the foreseeable future MSRP is going to be as good as it gets.

Oh well. At least it's not a RAV4 at $15k over sticker.

[Mike i4 M50]

Those of us that pre-ordered are entitled to the rates that were announced back in June of last year: 1.9% financing up to 60 months (I believe) or starting lease rates of $849 for an M50 (with $5,500 down based on an MSRP of $72K plus or minus a few hundred bucks, I believe, not including TTL) and $699 for an eDrive40 (sorry, I don't know the MSRP figure).

The big question is will BMW pass any portion of the $7,500 tax credit along to lessees. That would go a long way towards reducing the monthly payment.