Looks like a good deal, might go for it tomorrow, any thots?

[kgdg]

2014 i3 Rex Mega with no options (absolutely base) car, which I am ok with.
This is in TX where we have a $2500 state credit for EV.
So, the deal is OC with flex:
- $2500 down
- $259/mo for 24 months 12k/year
- MSRP of $47025 (
- Residual - 62% + $7500 federal credit

At end of 2 years, I return the car and pay them $7500 + 350 walk away fee.

My thots:
- My down payment will be covered by the state credit (check within 60 days), so effectively, $0 down
- Effectively, I am leasing/renting the car for $259/mo
- I asked, and the sales rep confirmed this $259/mo includes all TT&L
- Yes, I will need to do some tweaking to make sure I end up with at least a $7500 tax liability when I file for 2016 taxes.
- Yes, I will need to wait until 2016 April/May to get my $7500 from Fed, but I don't need to pay BMW the $7500 until lease expires anyway, so no big issue there
- I still need to do research to ensure that I will indeed get the full $2500 state credit

What do you all think?

KG

 

[websterize]

What's the selling price?

 

[kgdg]

$44030 I think...

 

[websterize]

I would shop a high-$30k to low-$40k selling price, or 15%-20% off MSRP. Then factor in the $7,500 flex. These are still undesirable cars to the general public, which is a good thing.

 

[kgdg]

Thanks for the prompt response websterize...
Looks like I was mistaken, dealer just now confirmed that the sell price is $39025.
I am not sure how to calculate backwards from that sale and msrp price to verify if it is a good deal?

 

[websterize]

Looks good -- 17% off MSRP is excellent. I guessed at the fees and state taxes.

 

[Leafdriver90]

Found this deal online from Tulley BMW in Nashua, NH

$179/month with $2999 down

Seems pretty well equipped to me with heated seats, fast charging, and tech package. I had a dealership honor an out of state deal can't hurt to ask.

This January, at Tulley BMW of Nashua, you can experience the all-new, all-electric 2014 BMW i3 for only $179 per month.

Fueled by innovation, this revolutionary all-electric vehicle will take you up to 100 miles on a single charge with no tailpipe emissions. And with its 170 horsepower engine propelling you from 0-60 in just 7 seconds you will definitely know you are behind the wheel of the Ultimate Driving Machine. This 2014 BMW i3 features a carbon fiber reinforced plastic body, lightweight SensaTec fabric made from recycled materials, instrument panel trimmed in elegant grain foil, gray leather steering wheel with blue BMW i accents, DC Fast Charging, the Technology and Driving Assistant package, heated front seats and much more.

This offer is good through February 2nd only. Click below to request more information, or call a Tulley BMW client advisor today at (888) 461-8281.

*Lease terms: 24 months, 10,000 miles/year. $2,999 cash or trade due at signing. Tax, title, registration, acquisition fee, disposition fee and first payment additional. Includes Photo for illustrative purposes only. Stk#B15205

http://www.tulleybmwnashua.com/specials/new.htm

 

[ryandesign]

Seems pretty well equipped to me with heated seats, fast charging, and tech package.

And Giga World.

 

[websterize]

All three of the Nashua i3s appear to be BEVs, and the OP was seeking a REx.