In our look at a great lease deal in June, we attempted to profile a bargain for under $400 per month. As we settle into summer, here's a sizzling deal appropriate to the sizzling temps: BMW's offer on its 320i sport sedan.

You're reading Autoblog, so you know what the 320i has historically meant in the sport sedan marketplace. First introduced to the US in the 1977 model year, the 3 Series added refinement to BMW's sport/sedan recipe, embodied in the company's earlier - and more visceral - 2002. Initially launched with BMW's four, various sixes were subsequently added; 40 years later, a 320-horsepower six is available via BMW's up-spec 340i.

Today's 320i four-door essentially comes full circle, offering a turbocharged 2.0-liter four. And while down on both horsepower (180) and spec relative to the more premium – and still four-cylinder-powered - 330i (with 248 hp), the value-oriented 320i is none too shabby on an open road. And given the number of ways you can spend $40,000 on relatively tame transport, a '3' for that amount is an absolute win.

BMW's $359/month offer is predicated on a MSRP of $36,000 and a suggested contribution of $1,200 from your BMW dealer. With metallic paint, sport suspension, leather, wood trim and power front seats with heat, we priced one out at just under $40,000, for which we'd anticipate a lease payment of just under $400/month. Lease details are below (and it's not valid in Puerto Rico):
  • $359 PER MONTH FOR 36 MONTHS
  • $4,034 DUE AT SIGNING
  • SUGGESTED DEALER CONTRIBUTION OF $1,024
Lease financing available on new 2017 BMW 320i Sedan models from participating BMW Centers through BMW Financial Services through July 31, 2017, to eligible, qualified customers with excellent credit history who meet BMW Financial Services' credit requirements. Monthly lease payments of $359 per month for 36 months is based on an adjusted capitalized cost of $32,321 (MSRP of $36,095, including destination and handling fee of $995, less $2,750 customer down, $0 security deposit and suggested dealer contribution of $1,024). Actual MSRP may vary. Dealer contribution may vary and could affect your actual monthly lease payment.

Cash due at signing includes $2,750 down payment, $359 first month's payment, $925 acquisition fee and $0 security deposit. Lessee responsible for insurance during the lease term, excess wear and tear as defined in the lease contract, $0.25/mile over 30,000 miles and a disposition fee of $350 at lease end. Not all customers will qualify for security deposit waiver. Tax, title, license and registration fees are additional fees due at signing. Advertised payment does not include applicable taxes. Purchase option at lease end, excluding tax, title and government fees, is $22,379. Offer valid through July 31, 2017 and may be combined with other offers unless otherwise stated. Models pictured may be shown with metallic paint and/or additional accessories.

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