Top BMW Deals & Must-Know Advice In November

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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 - November 5, 2020

BMW's incentives see some enhancements for November. For those interested in leasing, payments have become a bit more affordable for most models. The 2020 5-Series presents a good value relative to MSRP starting at $499/month. Unfortunately, if you prefer a crossover model, most lease offers are quite expensive.

In terms of financing, the German automaker continues offering some fairly strong deals for a luxury brand. Although BMW 0% APR deals are quite rare, remaining 2020 models continue featuring 0.9% for 60 months. In most cases, it can be combined with a financing credit that cn teach up to $7,500. If you opt for a 2021, interest increases to 1.9%.

Current offers are available through November 30, 2020 and can vary by region. Examples listed here are for California.

Top BMW Lease Deals, Financing Incentives & Rebates

Model Best BMW Lease Deal Best BMW Financing Deal Best BMW Rebate
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/Conquest Discount (2020 3-Series)
BMW X1
BMW X1
Lease from $399/month (2021 X1) 1.9% APR for 60 months + $2,500 APR Credit (2021 X1) Contact a dealer for offers
BMW X2
Lease from $379/month (2020 X2, Conquest/Loyalty) 0.9% APR for 60 months + $2,000 APR Credit (2020 X2) $500 Loyalty/Conquest Discount (2020 X2)
BMW X3
BMW X3
Lease from $429/month (2021 X3, Conquest/Loyalty) 1.9% APR for 60 months + $2,500 APR Credit (2021 X3) Contact a dealer for offers
BMW X5
BMW X5
Lease from $679/month (2020 X5, Conquest/Loyalty) 0.9% APR for 60 months + $2,500 APR Credit (2020 X5) $500 Loyalty/Conquest Discount (2020 X5)

Explore the full BMW lineup »

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Must-Know Advice For BMW Buyers

SUVs are easier to find. 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.

Discounts favor financing. 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.

High lease prices. 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.

Discounts for switching. A number 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 could translate to a pricier lease.

BMW financing rates generally aren't 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.

College grad discounts. Recent grads may qualify for an extra $1,000 off as part of the BMW College Graduate Program when financing or leasing.

Used car deals. 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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