What is need for a BMW lease approval?

Question

looking to lease 328xi, 12K per year, 36 Months. I have a Credit score 648, previous lease with BMW (paid as agreed). Can I get approved, and generally what terms?

Answer 1

A score of 648 is not great but not bad. You shouldn't have any problems, especially leasing again from BMW. At worse, you may have to make a security deposit and/or a down payment (cap cost reduction). If you are asking what kind of payment you'll get, it depends on the selling price that you negotiate, the money factor (finance rate), and the lease-end residual set by the lease company. Here's a calculator you can use to play around with the numbers:

http://www.leaseguide.com/calc.htm

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Answer 2

With that credit score, you probably cannot get approved.  

The only chance you may have is if you are a current lessee and were always current with payments.

You would need to talk to a dealer about the terms.  Just make sure to shop around.