Minimum Credit Score to Lease a BMW + Other Lease Requirements

Here’s the credit score to lease a BMW. If you want to lease a BMW, you’ll need to have a minimum credit score of 575. If your credit score is above 575, you may qualify for lower rates. We have what you need to know about leasing a BMW, including information on mileage and fees.

Requirements to Lease a BMW

BMW dealerships are independently owned and operated, according to a BMW of North America representative. As such, each dealership may have different lease requirements (although they are likely to be similar). To get an idea of what to expect, we contacted Winslow BMW of Colorado Springs. Here’s what we found out:

Credit Score

In order to lease a BMW, you’ll need a minimum credit score of 575. Additionally, there are financial tiers, meaning the higher your credit score is, the better your financing rates will be. For example, if you have excellent credit (about 750), you may qualify for Tier 1, which comes with a lower APR.

Would you consider a Honda instead? Here’s the credit score you need to finance a Honda.


At Winslow BMW, there is no minimum income requirement. Instead, each lease is evaluated on a case-by-case basis to determine if you can afford to make the monthly payments.

Important Information Regarding Car Leases

When you lease a vehicle, you’re essentially renting the vehicle, instead of purchasing it. Leases are structured in such a way that you pay for the vehicle’s depreciation and not the market value. Certain fees that are unique to leases include:


You’ll be required to tell the dealership approximately how many miles per year you plan to drive the vehicle. If you estimate 10,000 miles per year, your lease payment will be less per month than if you were to estimate driving the vehicle 15,000 miles per year. It’s important to be realistic with your mileage estimate; if you go over your yearly miles, you’ll be required to pay a fee. For BMW lease agreements, the excess mileage fee is $0.25 per mile.

Security Deposit

In a lease agreement, the dealership is considered the owner of the vehicle. And, because it wants to get the vehicle back in good condition, the dealership will require a security deposit. However, if you have excellent credit, you may be able to get your security deposit waived.

Ending the Lease

At the end of your lease, you’ll have the option to return the vehicle, re-lease the vehicle, or buy the vehicle for a previously agreed upon price, according to BMW’s website. If you decide to purchase the vehicle, you’ll have the option of paying cash or applying for a vehicle loan. The loan will be subject to additional credit requirements.

In Summary

In general, the credit score to lease a BMW is 575. Beyond that, each BMW dealership will consider your lease application based on whether it thinks you can afford the monthly payments. Other fees may include an excess mileage fee and a security deposit.

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