BMW M3 Lease: Deals, Rates, and More
The average cost of a BMW M3 lease ranges from $659 to $679 a month. Here's everything you need to know about leasing a BMW M3, from deals to down payments.
Written by Sarah Williams
Reviewed by Jessica Barrett
A BMW M3 lease costs between $659 and $679 a month, depending on your down payment, trim level, negotiated price, and credit score.
With its sharp handling, exciting powertrains, and comprehensive driver-assistance features, the M3 has had the attention of car enthusiasts since 1986. If you want the exciting capabilities of this performance car without the commitment of a
car loan
, leasing might be the right option for you. Although leasing comes with more restrictions than a traditional car loan, you’ll get the chance to drive a BMW in its best years for a lower monthly payment.
Ready to look into BMW M3 leases? As a licensed
car insurance
broker rated as the #1 insurance app for car owners, you can trust Jerry
with all of your car leasing questions—and to help you search for the best deal on your BMW M3 insurance costs. How to lease a BMW M3
There are a few simple steps to take before you get started with your lease:
- Check your credit score. Anything under 520 probably won’t qualify for a lease, and below 630 is considered poor. If your score is above 650, you’re in a good position for an excellent deal.
- Establish a leasing budget. Ideally, you should be aiming for amonthly car lease paymentthat’s no more than 15% of your income. If you can go lower—to 10%, for example—even better!
- Estimate your down payment. The more you can pay upfront, the lower your monthly cost. Agood down payment—or capitalized cost reduction—is worth saving up for.
- Calculate your annual mileage. Mileage limits average between 10,000 and 15,000 miles, depending on the contract. If you expect to travel more than that, you can opt for a high-mileage lease which usually ranges between 18,000 and 20,000 miles.
Once you’ve got your finances sorted out, you’re ready to head to your local BMW dealership to compare lease offers. Having a budget before you go puts you in a stronger position to negotiate the best deal and choose which BMW you can afford.
The final step: shop for insurance
At the end of the day, whether you own or lease, you’ll need car insurance for your BMW M3.
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How much does a BMW M3 lease cost?
The average cost to lease a BMW M3 ranges from about $659 to $679 a month or $75,528 to $82,512 for a 36-month lease.
Ultimately, your exact cost depends on the trim level and options you choose at the dealership, your credit score, the lease term, and the down payment. Other considerations are your location and the time of year, as leasing offers change over time.
Trim level
is one of the biggest determining factors on how much you will pay to lease a BMW M3. There are two options to choose from with the BMW M3: the M340i Sedan or the M340i xDrive Sedan. If you’re looking to cut costs, the M340i Sedan is the choice for you. Let’s take a look at how your monthly payment and amount due at signing differs between the BMW M3’s two trim levels. To keep things simple, we’ll assume you’ve got a lease with 12,500 miles annually.
Trim level | Monthly payment | Amount due at signing |
|---|---|---|
M340i Sedan | $659 | $4,799 |
M340i xDrive Sedan | $679 | $5,204 |
If you’re a recent college graduate, military member, or have mobility issues, you could qualify for a sizable rebate to reduce the cost of your BMW M3 lease.
Services included in a BMW M3 lease
Leasing with BMW affords you the option to drive a brand new car for little to no money down and a low monthly payment. Every time your lease expires, you can upgrade your vehicle to a newer model.
Not only can you upgrade your vehicle, but you can keep signing up for new leases and always have access to the latest and greatest technology and newest models available.
If anything goes wrong with your car while it's under your lease, you’ll have low repair bills. BMW covers all leased vehicles with the manufacturer's warranty. Not only that, but the government sales taxes are lower on a leased purchase versus a brand-new purchase.
What to do when your BMW M3 lease is up
When you reach the end of your BMW M3 lease, you’ll have three basic options. You can:
- Return the M3 and lease a new BMW
- Complete the lease-end steps and turn your vehicle in
- Ask for a payoff quote and buy your M3
How to return a leased BMW M3
BMW has a five-step process for returning a leased M3:
- Schedule a pre-inspection: BMW Financial Services will contact you when it’s time for your pre-inspection. You can also schedule one on your own through a BMW Center or your onlineMy BMW portal.
- Access the results: Sign in to My BMW to see the results of your pre-inspection and your Vehicle Return Estimate. If you see that you’ve exceeded your mileage limit, consider their Mileage Adjustment Program to purchase more miles at a discounted rate before you return your M3.
- Make necessary repairs: If your M3 needs any repairs, visit your local BMW center to ensure the use of Original Equipment Manufacturer (OEM) parts to avoid any additional charges at the end of your lease.
- Return your BMW: During your final inspection and vehicle return, you’ll sign a Federal Odometer Statement confirming that you have returned your vehicle.
- Access your vehicle return statement: Sign in to My BMW to view your remaining balance. A statement will be mailed to you two to three weeks after your vehicle has been returned.
How to purchase a leased BMW M3
People tend to purchase their leased BMW M3 if they’ve fallen in love with it, the vehicle has experienced low depreciation, or they find themselves financially able to.
The price for a lease-end buyout will be in your contract. The price is based on the BMW dealership’s estimate of what your M3 will be worth at the end of your lease. You should also budget to pay the tax on the vehicle’s total value if you decide to purchase your BMW.
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How to find the best car insurance for a BMW M3 lease
How does it work? Jerry is a trusted comparison app and licensed broker with partnerships with all the best
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“I was tired of looking around multiple websites, so I decided to giveJerrya try. Let me tell you—the process is so easy and simple, and they really find you the best prices for your coverage level. Getting insurance for my new car was quick and easy!” —Joanna D.
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