When it’s time to replace your current car, and you want a new one, your options are to buy or lease a vehicle at the dealership. Most consumers opt for the former.
While it really comes down to individual preferences, leasing can really be advantageous for some people. Learn of the benefits of a BMW lease in Baltimore, MD.
Low-to-No Repair Costs
The average car lease is 36 months. In most cases, the manufacturer’s warranty covers all repairs and general maintenance for the entire duration of the lease contract. We do advise that you carefully read the warranty and lease terms and conditions to be certain what is and isn’t covered under the warranty.
Lower Monthly Payments
On average, the monthly costs of a lease are lower than the monthly payments of a purchased vehicle. This allows you to drive a car, especially a luxury model and its upper trims, that you would otherwise never be able to afford.
Tax Incentives
If you use your leased car for business purposes, you may be able to write off some or all of the lease payments as a tax deduction. For non-business owners, you may be able to speak to your accountant about a tax reduction regarding the usage portion of your lease.
Operate the Latest BMW Models
Typical car ownership is 10-15 years. A car lease duration is 24 to 36 months. This means you don’t have to wait a decade or longer to enjoy the latest car models and automotive technology.
Visit BMW of Catonsville to see our new inventory. Models like the BMW 4 Series and BMW X5 and others are available for lease. While leasing isn’t for everyone, it can indeed be a smart decision and a viable alternative to purchasing.