Should I Buy or Lease?

You know that there are many, many reasons to buy a BMW. Even so, you’ll need to compare leasing vs. buying in-depth to make the right choice for your budget and your lifestyle. Although most drivers prefer one over the other, the truth is that both paths offer distinct benefits. So, should you buy or lease? We’ve covered everything you’ll want to keep in mind.

Benefits of Buying a BMW

Buying a BMW is obviously a great choice if you’re hoping to hold on to your BMW for the long haul. However, since most Stamford-area BMW drivers trade up for a new vehicle every three years or so, weighing the pros and cons of these two paths requires a little bit of extra legwork. Here’s what you should know about buying:

1. Those who finance to own will be able to drive without mileage limits or restrictions. By contrast, most leasing contracts specify how much you can drive each year without incurring a penalty.
2. When you finance to own, you’re free to customize your vehicle with BMW accessories or even custom parts. Lessees need to keep their vehicles as close to the factory standard as possible.
3. Since those who buy aren’t locked into any contract, they’re free to sell or trade-in their vehicles at any time. If your car is worth more than you currently owe on the loan, you can put the difference toward your next new ride.
4. Financing to own is associated with lower total costs over time, especially if the vehicle is carefully maintained as the years go by.
5. Financing now gives you the opportunity to refinance later. Doing so may get you a better interest rate and lower every monthly payment. Lessees are locked into a stable payment for the duration of their contract.
6. Purchasing a vehicle is generally easier than leasing–especially if you have less-than-ideal credit.

If you think that financing to own is right for you, fill out our online credit application today! If you’d like to lower your monthly payments even as you pursue full ownership, find out if BMW Select Financing could help you reach your goals.

Benefits of Leasing a BMW

Many Darien-area drivers turn to lease financing for one simple reason: lower monthly payments. However, once they’ve got their foot in the door, many discover that there are even more benefits to leasing than they anticipated:

1. The cost of a BMW lease is determined by the expected depreciation over the leasing term. Since you aren’t paying for the whole vehicle, but merely its use during a predetermined period, you’ll enjoy low monthly payments (and a lower down payment, too).
2. For the same reason, sales tax is almost always a smaller cost when the driver chooses to lease. When you buy, you pay tax on the entire purchase price of the vehicle.
3. When your leasing contract expires, you’ll simply drive to our lease return center, pay any remaining fees, and drive off with a new model. No appraisals, no surprises–just you and a new BMW.
4. In almost all cases, your leased vehicle will remain under warranty for the entire time that it’s in your possession. What’s more, BMW Ultimate Care covers your standard maintenance for up to three years or 36,000 miles! How’s that for convenience?
5. Leasing is preferred by drivers who want to enjoy the latest features year after year. Since you’ll never be stuck with an aging financed car, you’ll never grow tired of your White Plains commute.
6. If you fall in love with the vehicle you’ve been leasing, you can always execute a lease buyout and bring it home for good.

Explore Leasing and Financing Options at BMW of Greenwich

Still on the fence between leasing and buying? Our BMW team of financing experts helps drivers answer this question every single day! Reach out to us today for assistance in making a decision. Just don’t forget to explore our wide range of BMW leasing and financing offers, too! You might even find an option that’s too good to pass up. Questions? Be sure to contact BMW of Greenwich today for more details.