The BMW iX 0.7% Lease Deal Is Over: What the iX Leases For in July 2026
The iX clearance deal everyone screenshotted is gone, along with the inventory that powered it. What the iX actually leases for now, trim by trim.
The 2025 BMW iX xDrive50 leased at 0.7% APR with a $12,000 Lease Credit earlier this year, the lowest luxury lease rate in America. That deal is over. There is no 2025 iX left to lease, and the money factor went with the inventory. The iX you can actually get now is the 2026, and the best rate on it is the M70 at 2.64% APR (MF 0.00110).
The 2026 iX runs 2.64% to 4.2% APR depending on trim, and the base Lease Credit dropped from $12,000 to $7,500. The cheapest way into an iX is the 2026 xDrive45 at ~$980/month. There is also a new, smaller 2027 iX3, but it leases at 5.28% APR with no lease cash. The era of the near-free iX lease has ended.
Gone
The 0.7% Deal
No 2025 iX left to lease
2.64%
2026 M70 APR
MF 0.00110, best rate now
~$980
2026 xDrive45 / mo
Cheapest iX payment
$7,500
2026 Lease Credit
Down from $12,000 on 2025
What Happened to the 0.7% Deal
The 2025 iX xDrive50 ran a near-zero money factor and a $12,000 Lease Credit to clear the outgoing model year. It worked. The 2025 iX has sold through, and there is nothing left on lots to lease at that rate. A near-free lease on an $87,000 EV was always a clearance move, not a standing program.
The iX did not go away. It moved to the 2026 model year, and BMW reset the terms to normal. The rate roughly quadrupled and the Lease Credit dropped by $4,500. If you were waiting on the 0.7% iX, it is not coming back on this car.
The Current iX: 2026 and the New 2027 iX3
The 2026 iX splits into three trims. The xDrive45 is the cheapest lease at ~$980/month, the xDrive60 is the same 4.2% rate on a bigger sticker, and the M70 carries the best rate at 2.64% APR (MF 0.00110) but costs $111,500. BMW also launched a smaller, cheaper 2027 iX3, but it leases at 5.28% with no lease cash.
Note the split personality. The M70 has the lowest money factor but the highest payment because it stickers $36,000 above the xDrive45. On a lease, the cheapest monthly still comes from the entry trim, not the best rate.
| Trim | MSRP | MF (36mo) | APR | RV (36/12K) | ~Monthly* | Verdict |
|---|---|---|---|---|---|---|
| 2026 iX | ||||||
| xDrive45 | $75,150 | 0.00175 | 4.2% | 52% | ~$980 | Cheapest |
| xDrive60 | $88,500 | 0.00175 | 4.2% | 52% | ~$1,194 | Mixed |
| M70 | $111,500 | 0.00110 | 2.64% | 52% | ~$1,457 | Best rate |
| 2027 iX3 | ||||||
| iX3 xDrive50 | $62,850 | 0.00220 | 5.28% | 55% | ~$1,000 | High rate |
*Pre-tax, 36mo/12K miles, Northeast region. Cap = MSRP minus base Lease Credit ($7,500 on 2026 iX, $0 on 2027 iX3), no dealer discount applied. Data: BMW Financial Services, July 2026.
The 2027 iX3 Looks Cheaper, But It Is Not
The 2027 iX3 stickers $12,000 below the 2026 xDrive45, so the low MSRP is tempting. But at 5.28% APR with $0 lease cash, it leases for ~$1,000, more than the ~$980 xDrive45 that gets $7,500. The higher rate and missing credit wipe out the cheaper sticker. Wait for the iX3 to get real lease support.
Verdict — The Current iX
If you want the cheapest iX, lease the 2026 xDrive45 at ~$980. If you want the lowest rate and can absorb a $111,500 sticker, the M70 at 2.64% is the play. Skip the 2027 iX3 until it gets lease cash. None of these is a steal the way the 2025 was, so cross-shop before you sign.
Incentives: $7,500 on the 2026, $0 on the iX3
The 2026 iX carries a $7,500 base Lease Credit, applied automatically. That is $4,500 less than the 2025 got. On top of it, conditional programs can add up to $3,500 more, for a realistic ceiling around $11,000, not the five-figure stacks the 2025 clearance advertised. The 2027 iX3 has no lease cash at all.
2026 iX Conditional Cash
BMW Loyalty $2,000 for a returning BMW Financial Services lessee, College Grad $1,000, and Military $500. These stack on the $7,500 base where you qualify. Budget the payment on the $7,500 alone and treat any conditional cash as a bonus.
Verdict — Incentives
The lease credit is real but smaller now, so your bigger lever is the selling price. Negotiate MSRP down on the 2026 iX, and verify the money factor on the worksheet matches the program (0.00175 on the xDrive, 0.00110 on the M70) rather than a marked-up rate.
Bottom Line
The iX is no longer a lease steal. The 0.7% clearance on the 2025 is gone with the inventory, and the 2026 leases at ordinary luxury-EV rates: 4.2% on the xDrive, 2.64% on the M70. The cheapest entry is the 2026 xDrive45 at ~$980/month pre-tax at MSRP, and the discount you negotiate matters more than any remaining incentive.
The Play
Want an iX now? Lease the 2026 xDrive45 (~$980, $7,500 credit) for the cheapest entry, or the M70 (2.64% APR) if you want the lowest rate and the power. Negotiate the price, verify the MF, skip the 2027 iX3 for now, and compare other luxury EVs before you commit.
Payment Math & Assumptions
Every monthly figure here is a pre-tax estimate at 36 months, 12,000 miles per year, Northeast region program. Cap cost equals MSRP minus the base Lease Credit only, no down payment and no dealer discount applied. The residual is applied to MSRP per the program sheet. Acquisition and disposition fees are not included.
Tax, registration, title, and dealer doc fees are excluded and vary by state. Your drive-off cost depends on how your state taxes a lease, which can add several hundred to well over a thousand dollars at signing. Negotiating the selling price below MSRP lowers every number in the table above.
Know before you sign.
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