BMW Features No Down Payment Leases on 1 and 3 Series in October

BMW continues to offer very similar incentives in October to what has been offered the past few months. Shoppers can still choose from low auto loan rates and lease deals on most new 2011 models.

BMW is offering 0.9 percent car loan financing on most of its 2011 lineup and a few remaining 2010 models this month. Although BMW has extended the incentive’s loan length from September’s 24 months to 36 months in October, it is still a short auto loan length. The only potential negative of a 36-month auto loan is that the monthly payments will be high, even though the 0.9 percent rate is low.

If you need to stretch out your loan anywhere from 37 to 72 months to have lower monthly auto loan payments, BMW is offering 1.9 to 4.9 percent financing on select models. The longer the car loan, the higher the interest rate.

BMW is also continuing its 36-month lease deals with no down payment on all 2011 3 Series cars through October. Added to the $0 down payment lease incentive this month are 2011 1 Series cars. Only the first month’s lease payment is due at signing.

BMW 135i Coupe

The 2011 BMW 135i Coupe can be leased for $469 a month with no down payment in October.

BMW is also offering 36-month leases on most 2011 models and several 2010 vehicles that aren’t included in the $0 down payment lease deal in October. Monthly payments range from $569 for the 528i Sedan to $1,209 for the ActiveHybrid 750Li. You’ll need several thousand dollars at lease signing.

Certified pre-owned BMWs have three different incentive options in October. You can choose from a payment credit up to $1,500 (which BMW says is like having your first three payments covered). The second option is 0.9 percent auto loan financing on select 2007 and 2008 CPO models. The third choice is BMW’s worry-free, no-cost maintenance for up to six years or 100,000 miles. These certified pre-owned incentives are good through November 30.

BMW’s MINI brand is offering a 36-month, $199 lease incentive for its 2010 and 2011 MINI Cooper Hardtop this month. You’ll need $2,527 for the 2011 and $2,789 for the 2010 at lease signing. Leasing the 2011 model is definitely the cheaper lease option in October.

MINI is also offering 3.9 percent auto loan financing up to 60 months on all 2011 models in October with no payments until 2011. Your car loan payments will start 90 days after the contract date. Select 2010 MINI models are available with 0 percent car loan financing for up to 60 months in October.

Incentives listed are for the southeast region. They may differ depending on where you live. Check BMW and MINI’s sites to find the incentives in your area.