2020 bmw i3
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2020 BMW i3

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124 city / 102 hwy

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2020 BMW i3
$540 / month
$571 / month
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A typical negotiated price before taxes & fees.
Incentives that help lower the selling price of a vehicle.
Available Money Factor of 0.00099 for 36 month lease
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Buying Tips

What you must know before buying the BMW i3

Matthew Keegan
Contributing Editor - September 4, 2020
  • 2020 BMW i3 is almost gone
  • Incentives: Federal and state incentives
  • Financing: 0.0% for 60 months
  • Lease: $299 per month for 36 months

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.

Not all dealers carry the i3, so if you want one, you may need to place an order. However, stock is nearly depleted, therefore obtaining a new one may require your dealer searching far and wide to obtain one. 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.

Our research indicates the i3 won't see a second generation as BMW has new electric vehicles under development. We're not sure if 2020 is the last year or if BMW will continue building the i3 for another year or two. To that end, we're not supplying information on a possible 2021 entry as we do for all other BMW models.

The current offers are in place through September 30, 2020. The next update should roll out at the beginning of October.

Tax credits, rebates, and incentives:

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 $2,000 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.

Zero-percent financing is here:

Like other BMW models, the i3 comes with a promotional financing offer. This one, though, beats the others as it represents zero-percent financing. Specifically, you'll find 0.0-percent financing for 60 months, which is a fantastic offer.

The current lease offer:

In April, BMW rolled out its first lease offer on the 2020 i3 and this one covers the base model. We've seen some improvement since as payments are now $299 for 36 months with $3,999 due at signing. Your effective monthly cost is $410, making it a fair offer. A 10,000 miles per year driving allowance is in place.

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Advertised Lease Deals

Base Excellent Deal
$299Monthly Payment
Term Length (months): 36
Due at signing: $3,999
Mileage: 10k
MSRP: $47,395
Deal Valid in: California
Expiration: 9/30/20

This ranks as an excellent deal based on our expert analysis of: vehicle price, length of lease term, amount due at signing, monthly payment, etc.

CarsDirect Target Price

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CarsDirectPricing as of 9/24/20 in 20149
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Financing Incentives

Promotional APR Offer Promotional APR programs available for qualified buyers. Please check with your CarsDirect Trusted Dealer for complete details.%NotesManuf% %Eligibility% Residents residing in qualifying regions of the United States. %Qualification% Rates are dependent on customers Credit Tier Rating.
Term(s)24 - 6061 - 72
Rate %0%0.9%
Eligibility Residents residing in qualifying regions of the United States.

Hurry! Offer expires

Leases For Similar Cars

Based on 2020 BMW i3 120Ah 4dr Rear-wheel Drive Hatchback - MSRP $45,445

Best BMW Deals & Lease Offers In September

Shoppers can expect to see more of the same from BMW heading into September. Deals continue to favor financing with 0.9% APR for 60 months. In most cases, low APR can be combined... View All BMW Lease Deals

2020 BMW i3 Overview

Matthew Keegan
Contributing Editor

What's New

One year following a modest update, the 2020 BMW i3 is largely carried over. The all-electric hatchback returns with 153 miles of range and its bulky appearance.

A new i3s Edition RoadStyle model is limited to 1,000 units worldwide. This special edition brings 20-inch wheels and copper accents to the grille, front bumper air deflectors, and side skirts.

Choosing Your BMW i3

The BMW i3 is available in two trims: i3 and i3s. Before incentives, pricing starts at $45,445 including destination for the i3 or $48,645 for the sportier i3s.

Each trim is also available with a Range Extender, which adds a gas engine to the vehicle, that costs $3,850.

Engine Choices

The BMW i3 comes with an electric motor that makes 170 horsepower and 184 pound-feet of torque. In i3s guise, power increases to 184 hp and 199 lb-ft of torque. Power is routed to the rear wheels utilizing a single-speed transmission. According to the EPA, the i3 carries a 153-mile all-electric range.

The i3 utilizes a 42-kWh lithium-ion battery. BMW says it takes about 5 hours to charge it from zero to 100% with a Level 2 charger, or just under one hour with a DC fast charger.

The Range Extender variants add a two-cylinder gas engine. All-electric range drops to 126 miles, but the total range increases to 200 miles. It earns 31 miles per gallon combined when using gasoline.

Passenger and Cargo Capacity

The i3 seats four individuals. Even with the rear-hinged back doors, the rear seat is difficult to enter and offers limited passenger room – there are just 32 inches of legroom in back.

As for storage space, the i3 matches many small cars with 15.1 cubic feet of the cargo area. With the rear seat dropped, this expands to 36.9 cubic feet.

Safety Features

A shortage of standard driver-assist safety technologies places the BMW i3 well behind the competition. Standard fare is limited to LED headlights and front and rear parking sensors.

Automatic emergency braking, adaptive cruise control, adaptive headlights, and automatic high beams are all bundled in the available $2,350 Technology Plus Driving Assistant Package. These features are standard equipment on rivals such as the Toyota Prius Prime, which costs at least $15,000 less than the BMW.

An automated parking system is a $200 standalone option on the base i3.


BMW equips the i3 with a 6.5-inch touchscreen display.

It's bundled with Bluetooth, Apple CarPlay smartphone compatibility, one USB port, HD radio, satellite radio, and BMW connected services. Sorry, there’s no Android Auto compatibility offered.

The Technology Plus Driving Assistant Package also includes navigation and real-time traffic information. A wireless charging pad is bundled with wi-fi hot spot capability for $500.

i3 - From $45,445

BMW equips the i3 with LED lighting, heated and power-folding side mirrors, and 19-inch wheels set within all-season, run-flat tires. Inside, the cabin features recycled materials throughout, as well as cloth-covered seats. Heated front seats, automatic climate control, keyless entry, eight-way manual front seats, and a tilt-and-telescopic steering column are standard.

Interior trim enhancements are bundled under Mega World ($1,400), Giga World ($1,800), and Terra World ($2,600) design themes. Notable standalone options include a moonroof ($1,000) and a Harman Kardon audio system ($800).

i3s - From $48,645

The i3s gain a slight boost in power over the base model. The only other changes of note are 20-inch wheels, a sport suspension, gloss black flared wheel arches, and a black A-pillar and roof trim.

Compare i3 Trims Side-By-Side

CarsDirect Tip

We’d stick with the base 2020 BMW i3 model, as the i3s just doesn’t offer much more for the added cost. Meanwhile, it costs nearly $4,000 extra for the range extender, which hardly justifies the investment. In all, the i3 is hard to justify in a market with newer, better-range, and lower-cost options.

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