New I3 pricing

dashoonage

http://www.discoverbmw.ie/191/bmwoffers/bmw-i3/

Was expecting it to be less than that. its not clear if that includes grants?

ELM327

dashoonage wrote: »

http://www.discoverbmw.ie/191/bmwoffers/bmw-i3/

Was expecting it to be less than that. its not clear if that includes grants?

Considering they give finance quotes after, I'd assume it includes grants.


Also an unrealistic monthly, as it's based on essentially not driving the car at all. "Max contract km: 46,250kms,"
I'd have that done in less than a year.

rolion

Mad prices for a nice car.
Who is their market with these prices ?

€7,500 deposit... get another small amount and you can have a Rex off UK and saving the €16k final payment.
Just lost my toughts in that maths... looks like a PCP lease/hiring rather than a loan ?

dloob

It’s pretty confusing, the OTR doesn’t include the grants.
Don’t know why they decided to present it like that, they have the details in brochure link.
So it’s 36.5K after VRT and grant and you could take off BMWs deposit contribution of 1.5K to make it 35K on the road.

dashoonage

dloob wrote: »

It’s pretty confusing, the OTR doesn’t include the grants.
Don’t know why they decided to present it like that, they have the details in brochure link.
So it’s 36.5K after VRT and grant and you could take off BMWs deposit contribution of 1.5K to make it 35K on the road.

Now thats what i was thinking! i had heard 35k somewhere and got a shock when i saw the above

I'm hoping the new one being 35k will drive down the price of a REX here

spakman

Not to mention it's pig ugly!

ewj1978

Wouldn't hold my breath about prices dropping dashoonage.
Been watching i3 prices in Ireland and the main BMW dealers have them marked way up on the UK prices.

Ryath

Would BMW dealer's be firm on the €35k rrp. I'd assume there be some margin to get a bit of a discount?

chewed

spakman wrote:

Not to mention it's pig ugly!

Totally agree. It's a horrible looking car

rolion

chewed wrote: »

Totally agree. It's a horrible looking car

But it does turn your head around, isn't !?

Lantus

Is that a misprint on the finance? Amount financed is 29,145. Should it not be 39,144?

Some money though.

Mike9832

Lantus wrote: »

Is that a misprint on the finance? Amount financed is 29,145. Should it not be 39,144?

Some money though.

€16,000 balloon payment at the end to bring it to €46,000

It's one EV I would not buy new

Depreciation is savage

Will lose €15,000 in 1 year

mickdw

You are financing the balloon from day one so amount financed should include balloon figure.

Mike9832

mickdw wrote: »

You are financing the balloon from day one so amount financed should include balloon figure.

Balloon is optional

September1

Mike9832 wrote: »

Balloon is optional

It is not optional, you pay it by either returning a car or giving them money.

ELM327

September1 wrote: »

It is not optional, you pay it by either returning a car or giving them money.

Slightly incorrect.


It is optional.
But keeping the car is predicated on you paying the balloon.
You do not pay the balloon by returning the car (eg if car is worth less than balloon payment it doesnt matter)

Ryath

Lantus wrote: »

Is that a misprint on the finance? Amount financed is 29,145. Should it not be 39,144?

Some money though.

They are not showing the grant and vrt rebate
OTR €46,635
Grant VRT Rebate -€10,000
Deposit Contribution -€1,500
Cost of Car €35135
Customer Deposit -€5,991
Amount Financed €29,145
Term 37
Total Cost of Credit €2,676
APR 3.90%
1st Payment of €512
36 Monthly Payments of €437
Optional Final Payment of €16,031
Excess Mileage cent per KM 7.1

There's a euro gone astray there somewhere just rounding I'd say!

e-Golf is very similar money but VW are offering 1.9% so that would be a bit more than €1000 less on cost of credit. VW finance calculator is down so can't get exact figures.

Mike9832 wrote: »

€16,000 balloon payment at the end to bring it to €46,000

It's one EV I would not buy new

Depreciation is savage

Will lose €15,000 in 1 year

GMV/Balloon is included in amount financed it's not added on afterwards.

September1

ELM327 wrote: »

Slightly incorrect.


It is optional.
But keeping the car is predicated on you paying the balloon.
You do not pay the balloon by returning the car (eg if car is worth less than balloon payment it doesnt matter)

Actually you do, PCP contract stipulates final value of car if returned and this amount will be offset you baloon payment. If this final value (as agreed in contract) is lower than baloon payment you must cover shortfall, typically this happens when you go with above agreed mileage.


I think you are confusing market value with contractual agreements.

R.O.R

Ryath wrote: »

Would BMW dealer's be firm on the €35k rrp. I'd assume there be some margin to get a bit of a discount?

There's no dealer margin on the i3. Technically, you are buying it direct from BMW Ireland, and the dealer is just facilitating the sale, so there's only the €1,500 BMW contribution as discount.

The reason it's not advertised with the Grants off, is because there's different amounts on the SEAI grant, depending if it's a private individual or a company.

liamog

September1 wrote: »

Actually you do, PCP contract stipulates final value of car if returned and this amount will be offset you baloon payment. If this final value (as agreed in contract) is lower than baloon payment you must cover shortfall, typically this happens when you go with above agreed mileage.


I think you are confusing market value with contractual agreements.

That's not how PCP works.
You will pay a penalty for over-mileage, BMW charge 7.1c/km.


If the vehicle is worth less than the GMFV at the end, then you only pay the over mileage fee, and you walk away.
The balloon payment only applies when you are purchasing the car instead of handing it back.


For instance we bought an Ioniq in 2017. In 2020 we will either need to pay €8,000 or return the car. If the car has a market value of €4,000 we will return ours and buy one second hand. If the car has a market value of €12,000 then we still pay €8,000.

ELM327

September1 wrote: »

Actually you do, PCP contract stipulates final value of car if returned and this amount will be offset you baloon payment. If this final value (as agreed in contract) is lower than baloon payment you must cover shortfall, typically this happens when you go with above agreed mileage.


I think you are confusing market value with contractual agreements.

I think you are confusing PCP with something that is not PCP.

ELM327

liamog wrote: »

That's not how PCP works.
You will pay a penalty for over-mileage, BMW charge 7.1c/km.


If the vehicle is worth less than the GMFV at the end, then you only pay the over mileage fee, and you walk away.
The balloon payment only applies when you are purchasing the car instead of handing it back.


For instance we bought an Ioniq in 2017. In 2020 we will either need to pay €8,000 or return the car. If the car has a market value of €4,000 we will return ours and buy one second hand. If the car has a market value of €12,000 then we still pay €8,000.

This is the correct version of what was wrong with the post above I highlighted as "incorrect". It fails to capture the most important part of PCP.

Mike9832

All confused 😕

So is a brand new 42kWh i3 now 36k?

Ryath

Mike9832 wrote: »

All confused ��

So is a brand new 42kWh i3 now 36k?

No it's €35135! ��
If you go PCP with cost of credit and if you pay Gmv at end total cost would be €37,811

ELM327

Pretty good value to be honest.
In the "semi premium EV" (ie more expensive than the econoboxes, but not Audi/Tesla) segment it's now clearly the best option.

unkel

Only a few grand more than a Leaf. And it has a much bigger range and charges much faster. Makes it pretty good value in my book too. On paper it costs less than an eGolf. I take it active cruise and lane keep assist (autonomous driving level 2) are expensive optional extras?

chewed

rolion wrote: »

But it does turn your head around, isn't !?

Yeah....in the opposite direction! :P

amcalester

What's the realistic range on the I3 at motorway speeds?

unkel

WLPT range is 285km and the i3 is the second most efficient EV (after Ioniq). I'd say you should get 200km at 120km/h, probably a bit more in summer

amcalester

unkel wrote: »

WLPT range is 285km and the i3 is the second most efficient EV (after Ioniq). I'd say you should get 200km at 120km/h, probably a bit more in summer

My commute is a 200km round trip, not sure I could rely on should.

unkel

Book the car for a 24 hour test drive and do your commute. I'd say you will be fine but on a really bad day you might take it handy. Alternatively, get a Hyundai Kona or Kia eNiro. Both will do the round trip at speeds way over the speed limit in the worst possible weather with plenty left in the tank

R.O.R

According to a BMW press release, the Real World Range is 160 Miles/257km. WLTP rating is 192 miles from a full charge (309km)

Retail price is €45,774
Take off €5,000 VRT Rebate
Take off €5,000 SEAI Grant (or €3,800 for business)
Add €875 for delivery
Add €120 for first year's Road Tax
Add cost of Granny Cable (circa €320)
Take off BMW Contribution of €1,500 (if applicable)

€35,589 cheque price for a non-metallic i3 120Ah with no extra's.

jhegarty

R.O.R wrote: »

According to a BMW press release, the Real World Range is 160 Miles/257km. WLTP rating is 192 miles from a full charge (309km)

Retail price is €45,774
Take off €5,000 VRT Rebate
Take off €5,000 SEAI Grant (or €3,800 for business)
Add €875 for delivery
Add €120 for first year's Road Tax
Add cost of Granny Cable (circa €320)
Take off BMW Contribution of €1,500 (if applicable)

€35,589 cheque price for a non-metallic i3 120Ah with no extra's.

Kearys are looking for €28k for a 161 60ah. Not sure what planet they are living on.

ELM327

jhegarty wrote: »

Kearys are looking for €28k for a 161 60ah. Not sure what planet they are living on.

Hope it's at least a REX 60ah!!
But yeah that's mad money compared to a brand new i3 with literally twice the battery capacity.

unkel

All EVs are in short supply, but surely these decent enough prices of the new 42kWh i3 must impact on nearly new 33kWh i3? I'd have thought €20k is plenty for a 3 year old 33kWh i3 from a BMW dealer unless it has every option on the list ticked maybe.

ELM327

unkel wrote: »

All EVs are in short supply, but surely these decent enough prices of the new 42kWh i3 must impact on nearly new 33kWh i3? I'd have thought €20k is plenty for a 3 year old 33kWh i3 from a BMW dealer unless it has every option on the list ticked maybe.

60ah is 22kWh not 33kWh. I think the 33kWh is 94ah.

unkel

Presumed from the price it was the 94Ah, my bad for not reading jhegarty's post properly

€28k for a 3 year old car that can barely do 150km (non-motorway) when you can get a brand new one with twice the range for a few grand more. That dealer is dreaming!

peposhi

ELM327 wrote: »

Hope it's at least a REX 60ah!!
But yeah that's mad money compared to a brand new i3 with literally twice the battery capacity.

Last week I looked at a 151 REx (60Ah) with 50k km on it for 21950 in perfect condition and good specs. €28k for a 161 is a serious cash in hand for a dealer unless that price is used to allow “discounted” deal to be struck

unkel

151 60Ah on Autotrader (low mileage, high spec) for GBP16.8k. That's under €19k landed on Irish plates.

ELM327

You'd be mad to buy that if it's not a Rex at least.
You could get many other EVs for much less money that offer the same range and spec

Mike9832

ELM327 wrote: »

Pretty good value to be honest.
In the "semi premium EV" (ie more expensive than the econoboxes, but not Audi/Tesla) segment it's now clearly the best option.

It is pretty good value

I have a test drive booked

Always liked the i3, great tech and good power.

Carbon fibre, low weight, 170bhp, efficient, liquid cooled, long life cells with little degradation, always had small cars so size not an issue

i3s for 2.5k more might be a better buy, hot hatch performance from vids i have seen

The Kona effect is going to drive down prices on short range EV’s

Leaf40, Ioniq, Zoe40 are not worth more than 25-26k if the way better i3, Kona, Niro are near 35k

Especially when Tesla Model 3 and VW ID arrive, Kona, Niro, i3 will look way overpriced

Good times coming, just hope Government don't pull the 10k grant before Tesla and ID arrive

BMW have nothing coming in 2019 and 2020 is bare too

Won't be until 2021 when i4 and other new models arrive, haven't seen them tout big battery contracts either

They could be in trouble if Tesla and VW have volume to sell

I didn't think it would happen but EV market is getting competitive

jhegarty

ELM327 wrote: »

Hope it's at least a REX 60ah!!
But yeah that's mad money compared to a brand new i3 with literally twice the battery capacity.

No , it's a Bev. Poverty spec at that (small sat nav, no park package).

https://www.kearysbmw.ie/used-cars/BMW/i3/60Ah/201805296952721/

unkel

ELM327 wrote: »

You'd be mad to buy that if it's not a Rex at least.

I'd prefer the BEV tbh

unkel

unkel wrote: »

Presumed from the price it was the 94Ah, my bad for not reading jhegarty's post properly

€28k for a 3 year old car that can barely do 150km (non-motorway) when you can get a brand new one with twice the range for a few grand more. That dealer is dreaming!

i3 can do 170 Km handy enough off the motorway and 200 is not that difficult to get in Summer and the BEV has a bit more range and has optional heat pump.

I have got 230 Kms in warmer weather off the motorway on older national routes at the usual 60-80-90-100 and so on.

The i3 didn't come with heat pump as standard and probably still doesn't and it was not an option on Rex.

I drove up to Dublin City today 87 kms and have 54% left. = that was taking it handy by my normal standards as I usually drive with the foot to the floor.

With PCP you do not pay the balloon at the end if changing the car and you do not pay excess mileage either , unless you have a lot of mileage up then they it won't effect you, if you do then it might mean the car is devalued a little more, if you have something like 50,000 kms over then you didn't calculate your mileage correct to begin with and what happens in this case I don't know. If you got mad mileage on it I presume you will have to pay some of the devaluation.

rolion

Deleted User wrote: »

With PCP you do not pay the balloon at the end if changing the car and you do not pay excess mileage either , unless ...

@myLad,i guess you dont own the car either, at the end... !?

ELM327

unkel wrote: »

I'd prefer the BEV tbh

Not a 22kWh one you wouldnt!

unkel

ELM327 wrote: »

Not a 22kWh one you wouldnt!

Would be perfectly fine as a second car for me. If I didn't have the Porsche, I might have been eyeing one up now

ewj1978

Got a very nice phone call today saying the house is nearly sorted, so full bore looking at cars now.
My god the Irish BMW dealers haven't a clue. €28k+ for a 60ah REX when you can import a 94ah REX for €22k.

rolion

rolion wrote: »

@myLad,i guess you dont own the car either, at the end... !?

If you pay the balloon at the end you will own the car and you can have 1 million Kms on it and it won't matter.

If you walk away you don't own the car + they will get you for excess mileage but you'll know on average what your yearly mileage should be and would get a contract based on that.

Or you hop into a new car and if it's worth , for example 2 K over the GFMV , which is the balloon then this 2 K is yours to put towards the next car.

Say the GFMV is 12 K and it's worth 14 K then 2 K of that is yours , if the car is worth 10 K then you get nothing towards the deposit and the devaluation is the finance companies problem.

The key to remember with any finance , you get nothing for nothing, whatever deposit you get in the end is the dealer undervaluing the car on purpose but remember you're paying for this so called deposit, you get nothing for nothing but the dealer knows the person wants to have some form of deposit to fund the next car with little cash spent on the next which is always a good thing.

I like to dump less cash on the likes of cars because it's nice to have cash in the bank for house repairs, upgrades and this is very expensive when things go wrong and if you go to get a loan for house upgrades, extension and the likes the bank will screw you with interest where as the like of VW and BMW interest is usually much lower than you'd get with say, Renault or RCI Banque.

The Germans can get dirt cheap credit and it's nice VW and BMW can pass that onto their customers they could easily charge double like RCI Banq or close to double unless they lowered it since.

PCP is a good way to buy a new or nearly new car provided you know what you're getting into and if you don't intend to keep it 3 years, some people prefer to buy a car and pay it over 5 years and then change and the interest will be a lot higher, PCP gives you more options and 5 years is a long time to be stuck with a car.

I've read articles from so called Journalists who haven't got a clue, heard Conor Faughnan bad mouthing it without the proper knowledge and I've heard Garage Dealer sales people on the radio getting trashed by people who did not fully understand PCP all because the sales person could not explain it properly or you have a Radio presenter butting in because he thinks PCP is the Devil or that car dealers are somehow trying to con people, this is not so but sales people need to explain it better.

Always remember that somewhere down the road the balloon will come back to bite and it has to be paid or you're forever paying for a car.

rolion

Deleted User wrote: »

PCP is a good way to buy a new or nearly new car provided you know what you're getting into and if you don't intend to keep it 3 years, some people prefer to buy a car and pay it over 5 years and then change and the interest will be a lot higher, PCP gives you more options and 5 years is a long time to be stuck with a car.

Always remember that somewhere down the road the balloon will come back to bite and it has to be paid or you're forever paying for a car.

Thanks,appreciated.Much obliged.

I dont know why,but i will neevr bought or will buy a brand new car just becasue of the reasons listed above. Losing 10% of the car just by driving out of dealer yard...and drive to impress.

Take care.