Best BMW Deals & Lease Offers In August

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Automotive Analyst

Kelly Campbell is a SoCal native with a background in marketing, communications, and technical writing. Having spent her entire career in the automotive industry, Kelly brings a wealth of knowledge and enthusiasm for cars to her role as an Automotive Analyst at CarsDirect.

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, Automotive Analyst - August 3, 2020

BMW's deals see almost not changes for August. Finance rates continue to be the lowest we've seen at 0.9% APR for 60 months. In the case of the 2020 5-Series, buyers can combine the promotional financing with a $4,000 APR credit and a $500 bonus for current BMW owners or those coming from a competitor. 90-day deferrals remain available through the end of the month.

If you're interested in leasing, payments remain relatively steady. In terms of value, the 2020 3-Series is one of the best options in the lineup with an effective monthly cost of $530. For those looking for something more efficient, the 2020 i3 presents an excellent option starting at $299/month.

Current offers are available through August 31, 2020 and can vary by region. Examples listed here are for California.

Top BMW Lease Deals & Incentives

Model Best Lease Deal Best Finance Offer Best Cashback Incentive
BMW 3-Series
BMW 3-Series
Lease from $419/month (2020 3-Series, Conquest/Loyalty) 0.9% APR for 60 months + $2,500 APR Credit (2020 3-Series) $1,000 Loyalty Discount (2020 3-Series)
BMW X1
BMW X1
Lease from $399/month (2020 X1, Conquest/Loyalty) 0.9% APR for 60 months + $2,000 APR Credit (2020 X1) $500 Loyalty Discount (2020 X1)
BMW X2
Lease from $389/month (2020 X2, Conquest/Loyalty) 0.9% APR for 60 months + $2,000 APR Credit (2020 X2) $500 Loyalty Discount (2020 X2)
BMW X3
BMW X3
Lease from $429/month (2020 X3, Conquest/Loyalty) 0.9% APR for 60 months + $2,500 APR Credit (2020 X3) $500 Loyalty Discount (2020 X3)
BMW X5
BMW X5
Lease from $659/month (2020 X5, Conquest/Loyalty) 0.9% APR for 60 months + $2,500 APR Credit (2020 X5) $500 Loyalty Discount (2020 X5)

Explore the full BMW lineup »

Insider Tips for BMW Shoppers

BMW may have a reputation for being an excellent brand to lease, but that's not always the case. In fact, our analysis finds that BMW luxury sedans and SUVs can often be some of the most expensive to lease. In some cases, lease prices can include incentives you may not be eligible for.

A lot of BMW leases include up to $1,000 in conquest cash or a loyalty discount. The conquest bonus is available to shoppers coming from a list of competitors, while the loyalty discount is only for current customers. If you don't qualify for either offer, that amount will translate to a higher payment or amount due at signing.

BMW rebates generally aren't advertised in the same way as other brands. For example, the best deals currently involve an APR Credit that you can only get when taking out a loan through BMW Financial Services. If you're paying in cash or via an outside loan, you could miss out on a ton of savings.

BMW financing rates generally aren't particularly the lowest out there, although certain models like the X1, X2, and i3 tend to feature the lowest rates. If you're leasing, low residual values can make sedans like the 7-Series very expensive. BMW hides this by using a shorter mileage allowance of just 7,500 miles per year.

BMW's cars tend to be rarely stocked and SUVs can be a lot easier to find. Ordering your BMW from the factory can be a great way to get the exact model & options you want, although you'll generally have to wait up to 2-3 months. Check with your local dealer for details on how the process works.

Recent grads may qualify for an extra $1,000 off as part of the BMW College Graduate Program when financing or leasing. For added value, the BMW Certified Pre-Owned Program offers special benefits and access to low financing rates. Check out our monthly CPO deal analysis for the best used car offers.

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, Automotive Analyst

Kelly Campbell is a SoCal native with a background in marketing, communications, and technical writing. Having spent her entire career in the automotive industry, Kelly brings a wealth of knowledge and enthusiasm for cars to her role as an Automotive Analyst at CarsDirect.

Follow On: Twitter

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