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

3 years ago 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

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

  1. David Murray says:

    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.

    1. Disappointed says:

      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 with new technology from the ground up. A plan to make cars, plastic cars, much more cheaply in the future.(Yes I know they spent money to create this fabrication facility).
      The car they produced is not in any way an improvement over the Mini or the Active-e. They cheapened every component and like the “Emporer’s Tailors”, they exclaim that, “surely you can see how magnificent it is!” To which I say,
      “The Emporer has No clothes!” Notice that even the announcement of the new lease begins with “Carbon Fiber Body”. And we know better. So, I will not be getting one at any price. I see a cheap plastic golf cart being marketed as something it is not and at a premium price.

      Now the question. Can we assume that the report that BMW sold 1022 i3s in September,
      is accurate? Who validates these sales figures? Here is why I ask. In the details of the report, by car manufacturer, here in Inside EVs, it is stated that, i3 “dealer level crested the 2500 level at one point in September.”
      Who supplied this information?
      I have followed i3 national inventory figures on a daily basis since late August, using Cars.Com. The inventory has built without interuption from 1,682 in late August to a high of 1,918 on September 25th. Is Cars.Com, a valid source to capture this information?
      As you may see, I have become very cynical about BMW claims regarding the i3. Great sales aren’t usually followed by price reductions, even if they are in name only !

      1. JRMW says:

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

      2. wraithnot says:

        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.

      3. Spec9 says:

        “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.

        1. Disappointed says:

          Gott liebe dich

  2. Assaf says:

    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.

    1. DaveMart says:

      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.

      1. Big Solar says:

        Also factor in that Nissan makes a better car.

        1. Assaf says:

          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.

  3. Mike says:

    its also only a 10K miles per year lease

  4. pyrwhite says:

    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.

  5. Just_Chris says:

    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, 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.

  6. Seam says:

    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)!

  7. Kubel says:

    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.

  8. EV says:

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

  9. cab says:

    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.

  10. bitguru says:

    Evidently works out to $313/month after amortizing the $5400 down payment.

    1. bitguru says:

      taxes NOT included