Leasing vs. Buying

The idea of bringing home a new BMW model in Kinston can be exciting and full of anticipation but deciding which financing option is right for you may be the hardest part. How can you know if you should lease or buy a BMW car near Greenville? Luckily, there are plenty of benefits to each option, but understanding the differences between these financing solutions can be difficult at times.

Leasing and buying are both valid options for many drivers, but some fit better than others depending on your preferences or financial situation. For the drivers who love adventure, for example, a lease will require you to stick within a certain mileage limit, while buying can let you go wherever adventure calls you. Buying may be best if you want to explore your used car options since leasing is for new cars only, but a lease is typically for a shorter term than buying.

So, which is most beneficial to your needs? Read on to learn more about the differences between these two options and which one is the right pick for your needs.

Benefits of Buying

• Buying a new BMW model near Goldsboro means that when the loan is paid, you'll own your car outright. Whether you've got your eye on a new or used vehicle, you'll love having this perk at the end of your loan term.
• When you buy a BMW 3 Series, you can drive wherever you'd like to go without fearing mileage overage charges. This can be helpful since you won't have any surprise charges when your loan is paid off.
• Customizing your vehicle is possible with buying because you're the owner of that vehicle, so those bumper stickers or body kits are fair game. You also won't have to worry about excessive wear and tear charges when you choose to buy, though you may lose some value in your vehicle.
• A car loan is possible for new and used vehicles, so you can have even more options available to you for any price. Experience the freedom with a car loan.
• When you choose to purchase a car, you will gain equity and be able to trade that vehicle in for another using its value toward that car's final price.

Benefits of Leasing

• A BMW lease near New Bern gives you the possibility for lower monthly payments that can easily fit into any lifestyle.
• There are many instances where no down payment is necessary with a lease, which can be paramount for some drivers who can't come up with a few thousand dollars at the drop of a hat.
• When you return your leased BMW 5 Series, you can get behind the wheel of a brand-new car or SAV that speaks to your lifestyle and needs, and this is possible every few years.
• Since you'll be leasing for a short time, and you will be allowed at most 15,000 miles of travel annually, you will be able to miss out on paying for the expensive repairs down the line; only routine maintenance is necessary.
• If you fall in love with your leased BMW X1, X3, X5, and who wouldn't, you can choose to buy it when your lease ends, or even better, lease another brand-new SAV.

So, What Comes Next?

Now that you've learned a few benefits of buying and leasing a new BMW model near Jacksonville NC, you can make the right decision for your own situation. Getting to know your options is key to feeling empowered on your shopping journey, and giving yourself the ability to experience that freedom helps to give you confidence. To learn more about your leasing and buying options near Wilson NC, you can reach out to our team, and we'll be glad to get you the answers you seek.