BMW Lease Deals September 2026: Every Model Ranked

BMW took the subsidy off the i4. The money factor went from 0.00035 to 0.00095 (0.84% to 2.28% APR) on the eDrive40 and xDrive40, and from 0.00085 to 0.00145 (2.04% to 3.48% APR) on the M60. That is $52 to $64 more per month on the car that was August's best lease.

One number went the other way. The 2027 iX3 xDrive50 dropped from 0.0024 to 0.0022 (5.76% to 5.28% APR), worth $19 a month. Those are the only two changes in the program. 117 of 123 trims carry their August numbers exactly, including every 3 Series, 5 Series, 7 Series and X model. If you liked a BMW lease in August, it is the same deal now unless you wanted an i4.

The Whole Lineup, Cheapest First

The 228 Gran Coupe at ~$567 is the cheapest way into a new BMW this month, and it carries $0 lease cash. The money is on the bigger cars instead. BMW puts $7,500 on the iX and i7, $3,750 on the i4 and i5, $2,000 on the X5, 7 Series and 8 Series, and $1,000 on the 3 Series, 5 Series, X1, X3 and X7.

Model groups run cheapest first, and trims run cheapest first inside each group. This is a curated selection, not every sub-trim. Where a body style or drive twin prices within a few dollars of the row above it, it is left out.

What These Payments Actually Are

Every payment above is calculated at full MSRP, nothing down, before tax. No dealer discount. No trade. No fees. That makes them a ceiling, not a target. Nobody should pay these numbers, and plenty of people will pay less.

The point of a ceiling is that it is a measuring stick. Take the payment your dealer quotes, compare it to the row here, and the gap tells you how much discount and how much markup are baked into the deal. A quote above this number on the same term and mileage means something is being added that the program does not require.

Three things move a real quote away from this baseline. A discount pulls it down, and that is the only one that saves you money. Money down pulls it down too, but you already paid it, so the payment looks better while the total does not change. Tax and fees push it up, by $0 to well over $100 a month depending on your state. A New Jersey lease and a Texas lease on the same car are not the same payment.

i4: The Cheap Rate Is Gone

The i4 eDrive40 goes from ~$684 to ~$736 a month. Nothing else about the car changed. The lease cash held at $3,750, the residual held at 54%, and the sticker held at $59,250. BMW simply stopped buying the rate down.

The move is the same across the line. eDrive40 and xDrive40 both went 0.00035 to 0.00095, and the M60 went 0.00085 to 0.00145. That is a flat six basis point increase on all three, which is a deliberate program change and not a trim by trim adjustment.

iX3: Off the Wall, Barely

The 2027 iX3 xDrive50 runs ~$1,000 a month, down from ~$1,019 in August. The rate came off the unsubsidized wall at 0.0024 and landed at 0.0022 (5.28% APR). It carries $0 lease cash.

This reverses August, when the iX3 went the other direction. Two basis points is a small move and the car is still priced like BMW does not need to sell it. A $62,850 electric SUV at a thousand a month with no cash on the hood is not a deal, it is a list price.

The 0.00240 Wall: 59 Trims With No Support

59 of 123 trims sit at exactly 0.00240 (5.76% APR). That is BMW's unsubsidized standard rate, and it is the single most useful number in this post. It is your markup test. If a dealer quotes you a money factor above 0.00240 on any BMW, the extra is dealer markup, not the program.

Ten model lines are entirely on the wall: the 4 Series, X2, X6, Z4, M2, M3, M4, M5, X5 M and X6 M. Every trim, both model years where two are offered. BMW is not subsidizing anything it sells on desire. The cars with lease cash and bought down rates are the ones with inventory pressure behind them.

The spread this creates is large. The 760i xDrive at 0.00055 (1.32% APR) is the lowest rate BMW is running, and the 2026 i5 eDrive40 at 0.0006 (1.44% APR)is the best rate on a car most people would actually cross-shop. Against 5.76% on the wall, that is the difference between a subsidized lease and a rental.

39 Months Is Free. 42 Months Is a Trap.

BMW returned six lease terms this month: 15, 24, 30, 36, 39 and 42 months. The money factor is flat across all of them on effectively the whole lineup, so the term does not change your rate. The residual is where the term decides your payment.

39 months costs nothing. All 51 trims that offer a 39-month term hold the same residual there as at 36 months. Same rate, same residual, three extra months to spread the depreciation. Where it is offered, it is a lower payment for free.

42 months falls off a cliff. Every one of the 123 priced trims drops 8 or 9 residual points going from 36 to 42, with 9 points the norm. Three extra months past 39 and the residual gives up almost a tenth of the car's value.

What Held: 3, 5, 7, 8 Series and the X SUVs

The 330i at ~$644 with $1,000 lease cash is the volume answer in the lineup and is unchanged from August. The X1 xDrive28i sits a dollar behind at ~$645 with the same $1,000. Both are the cars to beat under $700.

The 5 Series is unchanged from August and carries the highest residuals BMW is publishing this month at 57%, which is what keeps a $61,850 sedan at ~$846. The 7 Series is unchanged too, and the 760i xDrive at ~$1,732 is the strange value of the range: a $126,250 car leasing for less per dollar of sticker than most of the lineup, on the lowest rate BMW offers.

The X3, X5 and X7 are all unchanged from August. The X3 30 xDrive at ~$754 with $1,000 behind it is the sensible one. The X5 sDrive40i at ~$1,080 carries $2,000 and is the entry to the big SUVs. The 4 Series and 8 Series are unchanged as well, both of them sitting on wall rates, which is the whole story on those cars.

i5, i7 and iX: All Unchanged, All Still Loaded

With the i4 rate gone, the 2026 i5 eDrive40 at ~$869 is now the best electric lease BMW runs. It holds 0.0006 (1.44% APR) with $3,750 in lease cash, unchanged from August. On a $68,450 sticker that is the strongest combination of rate and cash in the electric range.

The iX carries the biggest cash in the lineup at $7,500, unchanged from August, which puts the xDrive45 at ~$1,004 and the xDrive60 at ~$1,217. The i7 carries the same $7,500 and is unchanged, with the eDrive50 at ~$1,354 on a $105,700 sticker. That is a lot of car for the money if the payment fits.

Payment Math & Assumptions

All monthly payments in this post are pre-tax estimates based on a 36-month term, 12,000 miles per year, and the Northeast region program. Cap cost = MSRP minus the non-conditional lease credit only. No down payment, no dealer discount, no trade. Residual is applied to MSRP per the program sheet. Conditional money such as loyalty, college grad and military is excluded because not everyone qualifies.

Tax, registration, title, acquisition and dealer doc fees are excluded and vary by state. Your drive-off depends on how your state taxes a lease, which can add anywhere from nothing to well over $1,500 at signing. Rates and residuals are region-specific, and BMW runs different programs in different parts of the country, so a Northeast number is not a California number.