How to hack a BMW lease for $50/month

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How to Lease a $50,000 BMW for Less Than a Subway Pass
The unusual economics of electric vehicles create dirt-cheap deals.
By Gabrielle Coppola
May 14, 2018, 7:00 AM EDT

Inside a BMW dealership. Photographer: Patrick T. Fallon
Mike Piccolo got a call from a friend about a deal on a new BMW with a price so cheap he thought it was a joke.

The 45-year-old financial advisor from Ramsey, New Jersey, thinks of himself as a car nut, and his buddy is the kind of guy who likes to trawl the internet for car deals. This one appeared on a website, Leasehackr, frequented by fellow bargain hunters: a two-year lease on a 2017 BMW i3, the luxury automaker’s bug-like electric car, for just $54 a month.

“The car’s $50,000,” Piccolo said. “How are you getting it for $50? IPhones aren’t even $50 a month!”

The BMW i3 is a B-class, high-roof hatchback manufactured and marketed by BMW with an electric powertrain using rear wheel drive via a single-speed transmission. Its underfloor Li-ion battery pack is offered in two capacities as well as with an optional range-extending gasoline engine. The i3 was BMW's first mass-produced zero emissions vehicle and was launched as part of BMW's electric vehicle sub-brand, BMW i.[12]