Have you ever had your eye on a brand new BMW, but have been put off by the price tag? If so, getting a vehicle lease deal could be a great option for you.
Leasing a car is a fantastic way to drive a great vehicle for an affordable price. Instead of buying the car for an outright payment, you hire it on a long term basis and pay fixed monthly instalments over an agreed period of time. Then, once that period of time is up, you hand it back and have the option of getting an even newer model on a similar deal.
BMW are known the world over for their manufacturing of luxurious and reliable cars. However, luxury and reliability often come with a fairly hefty price tag that many cannot afford. But to broaden their market and make their cars more affordable, BMW has plenty of finance deals, including leasing options, available for people who want a luxury drive for a more affordable price.
We are going to take a look at some BMW leases, what they are, and where you can find them.
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Best BMW lease deals
When searching for lease deals it is important to know the size of the vehicle you want, what your overall monthly budget is, and the time period you want to lease for. With such a wide range of models available, you can find BMW leasing deals within the £250 per month range up to around £5,000 per month.
So let’s jump in and take a closer look at the details of car leasing and exactly what it is.
What is car leasing?
Car leasing, or personal contract hire, is a form of finance deal that essentially entails the long term hiring of a car. Leasing enables you to drive a new and luxurious car without having to pay the expensive costs of buying the vehicle outright or even paying the total cost of the car over a period of time.
Leased cars are usually available for a set period of time between one and five years. You pay an initial fee that is a small percentage of the car’s current value and then make monthly payments until the contract period is up. The monthly instalments you pay over the period do not total or exceed the overall cost of the car once you have completed the contract.
When the lease period is up, you give the car back to the dealer and you can then choose to update it to a newer model if you want to.
So leasing is not only cheaper than buying a car, but it also means that you do not have thousands of pounds invested in a depreciating asset. You don’t have to sell off the car for a fraction of what you bought it for, you simply give it back and have the option of getting a newer model.
Where to find the best BMW lease deals
If you want to lease a BMW, it can be hard to know where to start looking with so many deals available. So it is important that you know the period of time you want to lease for and what your overall budget is, so you can find a model and price that suits you.
LeaseLoco has a fantastic range of deals on a number of different models from just a few hundred pounds a month for a lower series reliable BMW model, to a few thousand pounds a month for a super luxurious BMW model. There are also great leasing deals to be found on Hippo Leasing, Arval, and directly from the BMW manufacturers.
LeaseLoco is the UK’s biggest car lease comparison site and their BMW range is huge. Their deals start at around £270 per month (including VAT) for a BMW 1 Series 118i. And at the other end are deals for BMW M8 models that cost around £4,500 per month (including VAT). They have an extensive range of BMW car lease deals, one of the largest in the country.
BMW offer leasing deals – though they call them ‘personal contract hire’ – on a whole range of their own models. Their deals start at £369 (including VAT) per month for a BMW 218i M and go up to around £1,600 (including VAT) per month for a BMW X5 M.
Hippo Leasing is one of the UK’s leading car leasing specialists. Their deals on BMW models start at around £258 (including VAT) for a 1 Series 116d. And further up the scale are BMW 8 Series models that cost around £1,100 per month (including VAT). Hippo is part of the Hippo Motor Group that have been car dealing for over a century. So it is safe to say, they know what they’re doing!
Arval is part of the BNP Paribas Group and has a solid range of BMW leasing offers. Their BMW leasing options start at £273 (plus VAT) per month for a BMW 2 Series Gran Coupe and climbs to £735 per month (plus VAT) for a BMW X6. Arval have great offers on both personal lease deals and business deals for companies.
How can Car Guide help you find great lease deals?
CarGuide’s tools can help you find great lease deals on a range of BMW cars.
You can use our Car Switch tool to find better lease deals and alternative models to the BMW you are currently considering. The Switcher searches deals from Car Guide’s partners to ensure you get the best lease deal on the best car you can.
There is also Car Guide’s MOT Checker that you can use to find out the history of a used car. Simply enter the car’s registration into the Checker and you will find:
- The car’s current MOT status and the MOT expiry date.
- The car’s history, including full MOT history with dates, advisories and any reasons for failure.
- A full list of components that are likely to fail or get an advisory on the next MOT.