BMW i3 BEV/REx Lease Deals – $369 To $439 Per Month

OCT 8 2014 BY ERIC LOVEDAY 19

Initially, the BMW i3 lease rates were so high that we wrote off the i3’s chance of success.

More recently, BMW realized it needed to improve the lease rates and it did by offering $499 per month BEV and $549 per month REx – which translated into back to back months of 1,000+ units sold in the United States.

The deals don’t end there, as BMW is back in action tweaking the details to arrive with the following lease deals (which we think are actually remarkable deals).  BMW i3 lease deals now start at $369/month ($2,950 down):

BMW i3 BEV Lease Deal

BMW i3 BEV Lease Deal

i3 BEV Fine Prinbt

i3 BEV Fine Print

And the REx deal:

BMW i3 REx Lease Deal

BMW i3 REx Lease Deal

Rex Fine Print

Rex Fine Print

Categories: BMW, Deals

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19 Comments on "BMW i3 BEV/REx Lease Deals – $369 To $439 Per Month"

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So $369 per month translates to $450 per month with no down payment. And by the time you add taxes and all of that to it, expect a payment over $500 per month.

Why I’m Disappointed A Bit of History and a Question I sit in the EV Heartland in So. California. I was an Active-E driver, who BMW offered to convert to a new i3, with secret gifts, and a never before heard of non-lease financial program. That program cost $940/month with a ballon payment in the end,(like really in the End!). Or an outright purchase of the Rex version, which with tax and license was $60,800. They sweetened the deal with free quick charging and “Electronaut running boards”. Imagine their surprise when I and most of the other 700 drivers said, “No thanks!” We Active-e drivers had paid $540/mo for 2 years and brought the car into the dealer about every 1500 miles for inspections and computer downloads, nothing you could stand around and wait for. I would have happily bought my Active-e, and I am told that the earlier Mini-e drivers felt the same about that car. There is a lot to be said for encorporating an electric drive train in a car model as popular as the Mini, or the 1 series BMW. I think they would have sold like “Hot Cakes!” BMW has chosen to produce a car… Read more »

I don’t know about nationally but the Minneapolis dealer that I went to has sold 5. Motorwerks BMW Bloomington.

When we were shopping around for a good deal on an i3, two of three dealers we went to in person had electronaut i3’s on the lot (the first i3 we test drove was a blue electronaut edition with a REx in San Rafael). The salesman said the intended customer for that one couldn’t get financing. Your explanation makes more sense.

“I see a cheap plastic golf cart being marketed as something it is not and at a premium price.”

OK, so don’t buy one. Problem solved. Buy something. I have no problem with the CFRP.

Gott liebe dich

This is a bit better, but still misleading.

Read the fine print: the down payment is not really $2950, but $4044. And if your state is not a EV-sales-tax-exemption state, there’s that to take care of too.

When I negotiated our 2014 lease with Nissan, I chose a $4k down payment, wrote a check for *precisely* $4k, and walk off with the car. (plus $114.5/month for 23 more months, if you’re curious – SV plus QC/LED)

No magically-appearing extra $1k to choke up.

You can’t get a gasoline powered BMW for anything like the price of a Nissan either, at least for comparable models here in the UK.

That is premium for you.

Also factor in that Nissan makes a better car.

The difference in overall cost was a secondary issue.

The main one my comment pointed out was truth in advertising. You advertise a down-payment sum that starts with a 2, but the fine print right below that indicates your payment actually starts with a 4, even before taxes.

Not classy. But then, many of those luxury vendors assume all their customers just love to piss money away without counting it. And I guess much of the time they are right.

The car itself is great. BMW just needs to realize there’s a greater potential market out there for the i3, than their traditional luxury/fetish constituency – and gear their pitch accordingly. The lease revision is a modest first step in the right direction, but middle-class customers really don’t respond very well to being offered something with a 2 that ends up being something with a 4.

its also only a 10K miles per year lease

I just returned the BEv from the extended test drive. With the mid level trim (Giga) tech package and parking assist, it was still $700 after adding in the acquisation fee and down payment. A BEv with giga trim and nothing else was $640.
Way out of line for a $45,000 car with with an 85 mile range.

Understand BMW offered a lease program to employees for less than half that price; but couldn’t confirm exact price.

I love the way Eric makes it sound like a group of hapless BMW employee’s initially came up with a lease rate for the i3 that was way over blown and then, probably after reading insideevs.com, they realized the lease rate was the problem and changed it to improve the disappointing sales numbers.

Good story though, hopefully the i3 will sell like hot cakes.

The loan explanation from multiple BMW dealers was so convoluted and confusing I just bought mine. I really wanted to lease but in August they just want to maximize on their profit. It was too bad.

Plus the REX is not living up to how the sold the car. I only I could have bought the european version (with sunroof)!

Let’s be honest here. This is a $450/mo 10,000 mile lease. Putting $369/mo in the heading while stuffing the down payment into fine print is an advertisers tactic. I expect more integrity from journalists.

No lease price will ever be what it says it will be

Part of the problem here is that BMW is up against all other EVs that seem to be at least somewhat subsidized with regard to their lease deals by the manufacturers (save Tesla). Our own Volt lease for a car that I think I paid over $44k for with tax (note Texas requires tax on full amount) has a lease payment of $422 for 36 months and 36k miles. That was with zero, zilch, nada down. The i3 deals all seam to work out to be considerably higher…and higher still when you discover the “one you want” quickly eclipses $50k.

Evidently http://www.facebook.com/ValenciaBMW/photos/a.397077097062551.1073741828.395816167188644/512548452182081/ works out to $313/month after amortizing the $5400 down payment.

taxes NOT included