What do you think about this deal?

[kgdg]

http://www.bmwroswell.com/bmw-lease-bmw-i3-now-only--199-mo--dealer-8593-sid-53662.html

$199 down provided you put the $7500 federal + $5000 Atlanta state credits as down payment..

So this obviously assumes that you expect a tax bill of at least $12,500 for 2015...

 

[Auburni3]

It's now $129, but still not that good of a deal. Besides the fact they are making you put down $12.5K... If you read the fine print, that offer is based on a Mega they have in stock with heated seats as the only option. That price also does not include GA TAVT, which is going to add another ~$115/month to the payment. So ~$245/month + $12.5k down for a base model Mega with a MSRP around $43K. I'm paying less than that for an almost fully loaded Tera BEV with an MSRP of $51K.

 

[websterize]

And now that we're in 2015, you wouldn't recoup that federal $7,500 until you file in 2016.

Low monthly payments are enticing bait, but that's all they are.

 

[i3atl]

And now that we're in 2015, you wouldn't recoup that federal $7,500 until you file in 2016.

Or you can adjust your tax withholding to get it back throughout the year.

 

[Uhaveit]

http://www.bmwroswell.com/bmw-lease-bmw-i3-now-only--199-mo--dealer-8593-sid-53662.html

$199 down provided you put the $7500 federal + $5000 Atlanta state credits as down payment..

So this obviously assumes that you expect a tax bill of at least $12,500 for 2015...

Not sure if you browsed other GA specific threads on the available deals

You can do better than $199 on a Giga-Bev with all ttl included .

 

[ATXMARC]

Sounds like you should lease a few at that price. Actually you dont receive the federal rebate of 7500 for leasing...somewhere in the 4800 range if i'm remembering correctly...

 

[bobrk]

Sounds like you should lease a few at that price. Actually you dont receive the federal rebate of 7500 for leasing...somewhere in the 4800 range if i'm remembering correctly...

Exactly right, the dealer gets the $4800.

My Giga (with DC fast charge option) was $4k down and $240/mo on only a 2 year lease. Didn't have much choice in the matter (or of cars, either), they would have sold it to somebody else. Still I'm happy with my deal.

 

[websterize]

Fine print at bottom of ad:

24 Month Owners Choice Financing Program with 10,000 miles per year.

OC + Flex is a $7,500 tax credit, which is added in the deal as a residual % point bump. You have to pay it back by the end of your term.

OC+Flex is a bit of financing chicanery. Like the the i3, it confuses calcified dealership employees. It's technically a purchase, which is why you get the full $7,500, but, as with a lease, you can turn in the car at the end of your term and walk away. Or re-up for a new i3. The tax credit on the traditional lease is $4,875. If you have at least a $7,500 tax liability, the OC+Flex can make more financial sense.

 

[michaelbmw]

So the way I read this deal....

You make $12,500 down payment but presumably recover that from taxes

Pay $129/mon

But at the end you need to pay an additional $7500 to get out of the "lease"

So the total cost is 129 + (7500/24) = 441/mon approximately

I don't know how it works in Georgia, but here in California there would also be 9 or 10% sales tax on the $12,500 plus on the monthlies.

 

[i3atl]

So the way I read this deal....

You make $12,500 down payment but presumably recover that from taxes

Pay $129/mon

But at the end you need to pay an additional $7500 to get out of the "lease"

So the total cost is 129 + (7500/24) = 441/mon approximately

I don't know how it works in Georgia, but here in California there would also be 9 or 10% sales tax on the $12,500 plus on the monthlies.

If you pay the $12,500 down there is no $7500 at the end - you paid it up front.