Hyperdrive
How to Lease a $50,000 BMW for Less Than a Subway Pass
The unusual economics of electric vehicles create dirt-cheap deals.
Inside a BMW dealership.
Photographer: Patrick T. FallonThis article is for subscribers only.
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.