When you’re picking out the perfect luxury car, you also have to figure out whether buying or leasing works best for you. The automotive experts here at BMW of Peabody can help you decide when you’re weighing whether to lease or buy a BMW car.

Advantages of Leasing

When you lease a car, you do not own it. Despite that caveat, there are many good reasons to opt for a lease over financing.

First of all, the monthly payments for a lease are generally less expensive than loan payments would be. Leasing can be a great way to get more car for your money.

Leasing is also a great way to experience the newest tech and performance upgrades the BMW brand has to offer. You get a new car for a few years, and at the end of your lease you can upgrade to a brand new model with new tech. No need to worry about selling your current vehicle or anything like that.

A lease is also flexible, because you can decide to renew it for a while longer or even buy your vehicle after your agreement ends.

When to Buy

Buying is a good idea if you plan to keep your vehicle for a long time. Also think about how many miles you plan to put on that new 2021 BMW X5. A lease often limits your mileage, and going over can cost you extra money.

Purchasing a car also allows you to customize it with accessories and performance parts. If you are someone who drives a lot, keeps cars for a while, and likes to give their vehicle a custom touch, securing BMW financing and an auto loan is likely your best bet.

So if you’re in the market for a new luxury vehicle, visit our BMW dealership. If you’re ready to buy or ready to lease, we can help you drive away in the new BMW car or SUV of your dreams.