This Is The Best BMW X2 To Lease

The Best BMW X2 To Lease Is:

The sDrive 18i M Sport X 5dr

The Best Alternative BMW X2 To Lease Is:

The xDrive 20i Sport 5dr Step Auto (AWD, larger engine, less specification of the above)

Why We Picked The sDrive 18i M Sport X 5dr

It has the 2nd lowest percentage of list at 2 years (26.9%), and it also has the lowest overall cost over the course of a 2 year lease (£8,912).

If you pick a longer-term, the monthly payments would be less, because you are spreading the cost of a depreciating asset, but if you want to get the most value for money, then it is best to get the sDrive 18i M Sport X 5dr model.

Our analysis below hopefully provides you with a little direction on which vehicles are best. We absolutely encourage you to research the market yourself and qualify what we have analysed. You will have to make the judgment on whether the sDrive 18i M Sport X 5dr model is worth it over the course of a 2 / 3 year lease compared with the rest of the line-up. For us, it is, but the decision ultimately rests with you.

Remember, at Car Leasing Guru, we do not review vehicles, we look objectively in terms of overall value for money. Use our free pricing system on the homepage, and we’ll tell you exactly what you should be paying to lease this car. We take an independent and impartial view of the market to show you what is fair.

Do We Always Pick Value For Money?

Generally, we will always look for the smallest amount you would pay over the course of the lease, at the same time we will also look at how much value the cheapest lease actually offers you.

There is no point in Car Leasing Guru suggesting the cheapest possible lease if all you get is a steering wheel and a windscreen, especially when you might be able to pay £10 per month extra and get a significant increase in the specification, exterior design, engine performance or economy. In this instance that’s why we’ve picked the M Sport X model. It offers the most ‘value for money’ in our opinion.

BMW X2 Vs Rivals

Brand, market position and perception vs its peers like the Volvo Xc40 or Volkswagen Tiguan. Retail pricing is very competitive in this segment, but it doesn’t count for anything unless there are strong residual values (RV’s) that go with it, and thankfully, it looks like they do.

BMW M Sport models always command a bit of a premium in the 2nd hand market, as they are always seen as the “sportier” models outside the performance-driven dedicated M models, such as the M2, M3, M4 etc. thus making lease or ownership cost-effective over the course of its lifecycle, as they are more desirable in terms of their overall price.

We gave the sDrive 18i M Sport X 5dr a 9.1 / 10 in terms of value for money compared with other models in the range. This number is a pure mathematical equation, not our personal opinion.

So if you are searching for BMW X2 car leasing deals, cheap car leasing, or just general car leasing comparison, the sDrive 18i M Sport X 5dr is the best one to go for in terms of overall value for money.

We’ve only selected 10 models that we would actually recommend in this analysis, hence the limited number of options we’ve provided you. There are many more BMW X2 models to pick from, but those are less favourable in terms of their overall value at the end of a lease, thus making them more expensive.

See below for a detailed breakdown:

Car Leasing Guru Score

The Car Leasing Guru scoring system is based on the overall value a particular vehicle offers. I’ve included the definition for the category this model sits in. How this works & other scores

BMW X2 sDrive 18i M Sport X 5dr

Score:  9.1 overall.

Score: 9.0 to 10:

Unbelievable – Incredible value for money. Often high spec, high list price, small monthly payments. Insane, you should definitely look into leasing one of these! Any vehicle with a 9.0 and above should be added to your shortlist.

BMW X2:

Specification

There are four specifications to choose from in the BMW X2 range. The base model ‘SE’ up to the ‘M Sport X’. The ‘M Sport X’ models easily offer the best value for money when looking at the entire range.

The ‘SE‘ model gets:

  • 17″ alloys
  • LED headlights
  • rear parking sensors
  • BMW Navigation
  • 40:20:40 split-folding rear seats
  • Automatic tailgate

The ‘Sport‘ model everything the SE gets, PLUS:

  • 18″ alloys
  • cornering headlights
  • shadowline exterior trim
  • high-gloss black interior trim

The ‘M Sport‘ gets everything the Sport gets, PLUS:

  • 19″ alloys
  • M Aerodynamics package
  • heated front seats
  • M Sport suspension
  • M rear spoiler
  • leather upholstery

The ‘M Sport X‘ gets everything the M Sport gets, PLUS:

  • 19″ alloys (different style to the M Sport)
  • Satin aluminium exterior trim
  • M Sport X aerodynamic body styling
  • satin aluminium roof rails

On The Road (OTR) Price

There are a lot of different On The Road (OTR) prices that cover every spectrum of the BMW X2 lineup, but we are only looking for the absolute cream of the crop, which is why we have concentrated on the 10 best models in the range in terms of value for money.

You can see the OTR prices for the models we’ve selected below.

BMW X2 On The Road Price

On The Road Price Vs Lease Cost

Remember, at Car Leasing Guru we do not review vehicles, we look at value for money.

The cheapest diesel model we’ve selected costs; £34,930. This is the sDrive 18d M Sport X 5dr.

The next logical step up from that is the xDrive 18d M Sport X 5dr. (AWD version of the model above)

Let’s see where we can get more for our money, and not spend an obscene amount more for the privilege.

As you can see from the graph above, there is a £1,500 difference between the two vehicles from the manufacturer’s list price.

What Does That Mean?

It means that you may be thinking you’ll need to pay an extra £1,500 over the course of a lease in order to get that vehicle…

That’s incorrect.

You pay a proportion of that value. The more desirable the items in the vehicle, the more value is assigned to those items in the 2nd hand market.

The xDrive models hold (proportionally) a lot more value than you would otherwise think it would do.

The Numbers!

Take a look at the graphs below. Notice anything? Specifically, look at the numbers at the top of the ‘Total Lease Cost’ graph for a 24-month lease @ 10,000. 

sDrive 18d M Sport X 5dr | £9,881

vs

xDrive 18d M Sport X 5dr | £9,905

Difference = £24

Now look at the On The Road (OTR) graph below

sDrive 18d M Sport X 5dr | £34,930

vs

xDrive 18d M Sport X 5dr | £36,430

Difference = £1,500

BMW themselves charge £1,500 extra for the privilege of leasing the xDrive model. (All Wheel Drive)

Is your mind blown yet? You would only pay an extra £24 over the course of a 2 year lease (£1 a month) in order to get the safer xDrive model, even though BMW themselves charge an extra £1,500.

The point here is that you may think in a lot of cases that you’ll be paying more overall because a vehicle is more expensive to buy at retail (£1,500 more in this case). The numbers above prove that is not the case, and you can actually get a vehicle that’s more expensive, for a small proportion of the actual cost of the vehicle. (£24).

This is why Car Leasing Guru exists, so we can show you exactly where to save money, and get more value. It is also why we recommend the sDrive 18i M Sport X 5dr overall. You get the most “bang for buck”.

FYI: Mileage is calculated per annum. 24 m 20k2 = 24 months @ 40,000 miles.

sDrive 18i M Sport X 5dr Vs Peers

Let’s look at this in a different way.

I’m going to select two other vehicles, but this time, it will be the X2 we recommend overall, and the best alternative.

Look at the graph below, specifically the 1st and 2nd columns, (sDrive 18i M Sport X 5dr vs xDrive 20i Sport 5dr Step Auto) and you’ll be able to see how proportional “value” is assigned to that vehicle. You can do this same exercise for the other vehicles in our charts too as well. Try it yourself and you’ll be able to see how much more you can get for your money.

The difference between these example models is AWD, bigger engine, gearbox and specification.

Example models:

On The Road Price

sDrive 18i M Sport X 5dr | £33,200

vs

xDrive 20i Sport 5dr Step Auto | £35,110

The difference in the On The Road Price = £1,910

Next, we’ll look at how much you would pay over a 2 year lease, doing 10,000 miles a year. (use graph below as a reference)

Total Lease Costs

sDrive 18i M Sport X 5dr | £8,921

vs

xDrive 20i Sport 5dr Step Auto | £9,600

The difference in the Total Lease Cost (over 2 years) = £679

Monthly payment: £679 / 24 months = £28.29

Lots of different numbers going on there, so let me explain.

What this tells us is that there is an OTR price difference of £1,910 between the two vehicles, but you would actually be spending an additional £679 over the course of the lease.

There’s a couple of issues here. BMW, if you’re reading this, here is the problem: The AWD system, bigger engine and automatic gearbox do not compensate for the M Sport X specification in the cheaper model. So while it looks like you get a good deal because you ONLY need to spend an extra £28.29 per month to get the AWD system, bigger engine and auto gearbox, what it actually highlights is that the M Sport X model is actually better value for money overall.

BMW X2 Total Lease Cost

What Is The Percentage Of List?

The ‘percentage of list’ is the difference between the capital cost (OTR price) and the Residual Value (RV). This shows, at a glance, exactly where value is attributed as a percentage. The lower the number, the better the percentage of list. This is usually a good indication of “value for money”.

Looking at the percentages within the graph below, you can see that they run anywhere between 27-28% or so for a 2 year lease, up to 34-35% on a more realistic 3 year lease. This means you will be paying between 26% to 28% of the total value of that vehicle before you hand it back. You can pay substantially more depending on which model you pick if it is undesirable in the 2nd hand market…

Leasing companies normally don’t read the percentage of list in this way, they actually read it in the opposite way. They would say that the vehicle has 65% of its value left, not that someone would spend 35% of the vehicle’s value. This is because they want to know what the value of the vehicle is at the end of its lease and make any adjustments where necessary from a financial risk perspective. Just makes the calculation easier on their end.

The percentage can give you a good indication of “value” but it also needs to be double-checked against the ‘On The Road’ price. Otherwise, a Ferrari would look like good value for money if we didn’t double-check the overall price and only looked at the percentage of list…

BMW X2 Percent Of List

*miles per annum (e.g. 24m / 20k = 40,000 miles)

Is This Why Residual Values Are So Important?

Yes. The RV is the price/value that’s assigned to a vehicle at the end of its useable life.

From a leasing perspective, the end of its useable life is at the end of its term, be it 36 months/48 months etc.

A leasing company is simply going to sell that vehicle at the end of the term, and it’s going to have another life with another customer.

Specific optional or standard equipment and/or combinations of those are assigned a ‘value’ at a particular point in the vehicles life, the more meaningful the items, the more residual value is assigned to them.

Always try to pick vehicles with desirable 2nd hand specification (leather seats, climate control etc). This will provide you with a vehicle that should fulfil your ownership needs, whilst also minimising the financial risk to a leasing company/bank.

Thank You!

This is just some basic analysis that will hopefully help you understand the value of a 2020 BMW X2 lease a little better.

2020 BMW X2 Car Leasing Comparison | Price Guide

The Car Leasing Guru Team