Thinking About Leasing a BMW i4 – Any Tips?

Hey everyone,

I’m eyeing the BMW i4 and considering leasing it. Has anyone here gone through the process? What’s the deal with the lease terms, and are there any hidden fees I should watch out for? Any advice or personal experiences would be awesome!

Thanks a ton!

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Leasing a BMW i4 can be a smart choice, especially given the high cost of electric vehicles. Here’s what you should consider:

Lease Terms and Conditions:

  • Mileage Limits: Most leases come with annual mileage restrictions. Exceeding these limits may result in extra charges.
  • Wear and Tear: Excessive wear and tear, such as dents or scratches, can lead to additional fees at the end of the lease.
  • Residual Value: This is the projected value of the car at lease end and influences your monthly payment.
  • Lease Buyout: If you choose to buy the car at the end of the lease, you’ll need to pay the residual value.

Hidden Fees:

  • Acquisition Fee: A one-time fee charged by the dealership at the start of the lease.
  • Disposition Fee: Charged at lease end to cover the cost of processing the vehicle return.
  • Excess Wear and Tear Charges: Additional fees for damage beyond normal wear and tear.

Tips for Leasing:

  • Negotiate the Deal: Don’t hesitate to negotiate lease terms, including the monthly payment, mileage limits, and initial down payment.
  • Read the Fine Print: Carefully review the lease agreement to understand all terms and conditions.
  • Consider Insurance: Ensure you have adequate insurance coverage, including comprehensive and collision.
  • Explore Lease-End Options: Know your options at the end of the lease, such as purchasing the vehicle or returning it.

Leasing a BMW i4 can be a great option if you enjoy driving a new car every few years and are comfortable with the lease terms. However, it’s crucial to thoroughly review and understand the lease agreement before committing.

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When leasing a BMW i4, compare lease offers from multiple dealerships, review the mileage limits, and check for any additional fees. Ensure you understand the terms, including end-of-lease options and maintenance coverage. Test drive the car to ensure it meets your needs.

If you want a BMW that’s ok, but a model 3 performance is like 600$ with the same down payment.