Lease vs Buy

Learn More About Whether Leasing or Buying is Right For You


Every BMW driver has different budget and driving goals. Sometimes, drivers prefer to save up and purchase a new car in one cash payment. Most times, however, drivers either finance or lease a new BMW. Each option ends with you driving a new vehicle off our lot, but which one is best for your unique budget? Find out more about our auto finance options at South Shore BMW.

Explore the Benefits of Leasing & Buying!

 

The Benefits of Leasing

  • Generally, leasing a BMW means a smaller monthly payment.
  • Access to the newest technology and trim levels
  • Maintenance warranty throughout the entire lease
  • Freedom to trade-in for a newer car at the end of the lease
  • No selling hassle at the end of the lease
 

The Benefits of Buying

  • You own the vehicle outright at the end of the payment plan
  • You can keep the car for years to come after the loan is paid off
  • No yearly mileage limits: drive as much as you want
  • Sell your car at your convenience
  • Ability to customize and personalize your vehicle to your liking

Your Leasing & Buying Questions Answered!

If I decide to lease a vehicle, am I getting a better deal than buying?

Leasing & buying are both great options. The best decision really comes down to your personal preference and overall needs. If you're interested in driving a vehicle for a shorter time a lease might be a more cost effective option for you. If you're in it for the long haul buying the vehicle might be a better fit.

What is APR?

APR is an abbreviation and means annual percentage rate which identifies the annualized rate at which interest accrues on a loan.

What are residual values?

The residual value is an approximation of what your BMW car or SUV is worth at the end of your term. Residual values also help to determine your payments and how much to purchase your vehicle for at the end of its term. This is extremely relevant to leasing because you are only paying for a portion of the vehicle instead of the entirety.

How is sales tax applied to a lease?

Sales tax will only be applied to the portion of the lease that you pay for which excludes the full value of the car. This also makes leasing cost effective because you could potentially pay less in sales tax when compared to financing options.

How should I determine what mileage to include in the lease?

Typically the mileage range is anywhere between 10,000-12,000 miles per year without any penalties. If you think there's a possibility that you might go over your miles you can always add and buy additional miles in advance to avoid future penalties.

What is the shortest car lease available?

Our leases are normally for 36 months, but we do offer 24-month leases as well. In order to get the most up to date lease term information browse our new BMW lease deals & reach out to a finance associate to acquire additional details.

What if I need to end my lease early?

If for some reason you're interested in ending your lease early it is important to know that there typically is a termination policy that comes with that. South Shore BMW recommends reaching out to a lease specialist to review your options.

What happens at the end of my lease?

When your BMW lease is coming to an end there are a few items to consider. You can return your BMW car or SUV and pick a new vehicle to lease. In addition, you can also trade it in and finance a new BMW or used car as well. We recommend discussing the specifics with a sales associate to get the full scope of all your options.

Are You Interested in Leasing & Buying?

While both options have their positive sides, they each have some other points to consider. When you lease a vehicle, you must comply with yearly mileage caps and lease terms. On the flip side, when you finance a vehicle, it will depreciate in value while you own it. We suspect you might still have questions about leasing versus financing, and which option is best for you. That's why the South Shore BMW Finance Team is here to help. South Shore BMW proudly serves Norwell, Hingham, Rockland, and beyond. Contact or visit our BMW dealership today to learn more. 

  1. South Shore BMW

    1040 Hingham Street
    Rockland, MA 02370

    • Sales: 781-816-7898
Loading Map...

Questions For Our Team?