BMW’s compact electrified vehicle:
You have a choice of pure electric and range extender versions of the BMW, the latter adds a small gas generator. An extended driving range and a moonroof option rolled out way back in 2017. BMW markets this model as the i3 (94 ah).
Not all dealers carry the i3, so if you want one, you may need to place an order. Dealers that do carry the i3 are more likely to stock the Range Extender version as it offers more versatility than the electric-only model.
The latest model now includes a performance variant called the i3s. The 2019s see a boost in range to 153 miles for the standard 120Ah model and 200 miles for the range-extender model. As for the 2020s, we should see them arrive later this year.
Specials from BMW vary by region and are set to expire on October 31, 2019. For our examples, these deals cover the western states.
Your choice of models:
Lease shoppers will find a $7,500 credit applied, lowering their monthly cost. This is a built-in credit that lowers your overall costs whether you lease or finance. Check with your BMW dealer to determine eligibility.
Customers should also know that some states provide additional incentives on top of the federal tax credit. For instance, California drivers gain HOV access.
In addition, Golden State residents will find a Clean Vehicle Rebate of $2,500 or $4,500 available, depending on your income. The rebate phases out when income reaches $150,000 for single filers and $300,000 for joint filers.
Your BMW dealer has information on special offers for where you live.
The current financing deal:
BMW offers 3.35-percent APR financing for 60 months. BMW's financing offer is within the range of most competing brands.
Two leases available:
Two lease options on 2019 stock are currently in place. The first one starts at $299 per month for 36 months with $4,224 due at signing for the base model. Your monthly cost of ownership here is $416.
The second lease is on the base model with the Range Extender. It starts at $359 per month for 36 months with $4,284 due at signing. Your effective monthly cost comes in at $478.
Both lease deals have increased slightly this month, but they're still good offers.
The BMW i3 lease options include a mileage allowance of 10,000 miles per year. At the end of the lease term, you’ll pay a $350 disposition fee.