No, BMW Financial Services does not currently offer lease programs for used or certified pre-owned (CPO) vehicles. Their leasing options are exclusively for new BMW models. However, BMW does have a robust Certified Pre-Owned (CPO) program that provides a high-quality alternative for those not wanting a new car lease, offering extensive inspections, warranty coverage, and financing options.
The primary reason BMW and most luxury automakers avoid leasing used cars is rooted in residual value management. A lease payment is calculated based on the vehicle's projected value at the end of the lease term (the residual value). Predicting the future value of a used car with its unique history and mileage is significantly riskier than forecasting for a new car. This uncertainty makes structuring a stable, competitive lease deal nearly impossible for the lender.
Instead of a used lease, the BMW CPO program is your best path. Every CPO vehicle undergoes a rigorous 180+ point inspection and comes with a comprehensive warranty:
| CPO Program Benefit | Specific Coverage Detail |
|---|
| Limited Warranty | 1-year/unlimited-mileage coverage, extendable to a total of 5 years/100,000 miles from the original in-service date. |
| Roadside Assistance | 24/7 coverage for the duration of the CPO warranty. |
| Vehicle History | A thorough vehicle history report is provided. |
| Trip Interruption | Reimbursement for lodging and meals if a repair occurs more than 100 miles from home. |
| Warranty Transferability | The remaining CPO warranty can be transferred to a new owner, enhancing resale value. |
For a lower monthly payment on a like-new BMW, your options are to finance a CPO car through BMW FS or explore a new model lease. A new lease often has subsidized rates from the manufacturer, which can sometimes make the monthly cost competitive with financing a used model.
