Once you’ve decided which luxury car you want, there’s one more important decision to make. Should you buy or should you lease? At BMW of Peabody, we can help you figure out whether financing or a BMW lease works best for you, and then we’ll get you ready to drive off in your new luxury vehicle!
When to Lease
Leasing is a great idea if you’re the type of driver who always wants the latest and greatest technology. A lease gives you the chance to drive a brand-new vehicle for two to three years. At the end of that period, you have some flexibility:
- You can turn in your car at the end of that lease period and lease another new model, getting the newest upgrades in the process.
- You can also extend your lease and continue driving the same car.
- You can also choose to buy the vehicle you have been leasing outright.
A lease gives you many options, but you do have to be mindful of mileage limits and fees.
When to Finance
Buying a new car is generally the best option if you plan to keep your vehicle for a long time. After your loan is paid off, you just have to worry about maintenance, insurance, and other costs of ownership.
You can also customize a car that you buy with performance parts and accessories if you desire. That’s not allowed on a lease vehicle, but when you buy a car, you own it! You can customize it as much as you want! Buying is also a wise idea if you know you’ll go over mileage limits found in leases and end up racking up extra fees.
Whether you plan to buy or lease a new BMW model, we’re here to help. Visit our BMW dealership and find the luxury car of your dreams. We look forward to assisting you!