Buying vs Leasing

While your decision to buy or lease is a matter of personal preference, there are advantages to each. If you go the more traditional route and finance your next BMW, you will be in the company of many other drivers.The starkest contrast between buying and leasing is that with buying, you will own the car. With that comes the freedom of customization, so you can have fun decorating your car with your alma mater’s decal or adding some LED lights to the interior. Other perks of buying your next BMW include:

• Unlimited driving: Since you own the car, you can drive as many miles as you’d like.
• Flexibility when selling: If you find yourself in a different stage of life than when you initially bought your vehicle, you can sell on your own schedule. Maybe you bought the 2 Series before you settled down and now you need an X5 for your growing family.
• Allows for potential trade-in: When you own your vehicle, you have equity in the car. You can use that value to defray the cost of your next ride by trading in your current vehicle.

Buying is the way to go for many drivers, especially those who drive long distances and prefer to own their car for a long time. Our finance center can assist in figuring out if this is the option best suited for you.

Unlike owning the vehicle after purchasing, leasing is more of an extended rental, as most leases are for 36 to 48 months. Because you can upgrade to a new model every few years, you’ll always have access to the latest technology features, whether that is infotainment or driver-assistive systems. Along with this, there are more advantages to leasing your next ride, including:

• Generally lower monthly payments: Because you’re paying only for the depreciation expected while you have the car instead of the entire cost of the vehicle, monthly payments tend to be lower.

• Coverage for warranty and maintenance: You’ll most likely be covered by the factory warranty of the car for the entirety of your lease.

• Possibly smaller down payment: Some leases require less of a down payment, while others require nothing at signing.

There are major perks to both leasing and buying. Regardless of which path you take, you can count on our finance center to walk you through the process.

Once you decide on the BMW model you’d like, you’ll stop by our finance department. Here, an experienced specialist will work with you one-on-one to discuss buying vs. leasing and answer any questions you may have. Our top priority is to set you up with a payment plan you feel good about and that’s aligned with your personal needs.

Contact Us Today!

We hope our guide on buying vs. leasing helped provide insight for drivers in Rockland, Hingham, and Marshfield, MA, about what each option offers and some of the benefits. If you’re interested in buying or leasing your next ride, give us a call at BMW of Rockland today!