Is it time for a new car acquisition? The two choices are a BMW lease and a purchase. At BMW of Catonsville, our dealers can assist you with either choice. Here are the advantages associated with each, to help you determine which option is suitable for your specific needs and budget.
Leasing Benefits
Lease contracts usually last around three years. What’s good about this is that you can switch to a new car within a relatively short time frame. This means you can take advantage of the latest models and automotive technology. In addition, monthly lease payments are typically lower because you’ll return the vehicle at the end of the term.
Purchasing Benefits
With a car purchase, you become the owner. As the owner, you’re free to drive it as often as you please with no mileage limits. You can also make modifications, and if a cosmetic blemish occurs, such as a dent or a scratch, you’re under no obligation to get it restored.
Which Option Should I Choose?
It’s a matter of personal choice. Generally, leasing is the better option if:
- You don’t want to be tied to the same car for the next five to ten years
- You want to experience the latest models
- You don’t plan on driving more than 12,000 to 15,000 miles per year (average lease mileage limit)
On the other hand, buying may be better for you if:
- You like making modifications to your vehicle
- You plan to drive a lot
- You want to build equity
Buy a Car or Start a BMW Lease at Our Baltimore, MD BMW Dealership
Whether you choose to buy or lease, our finance department at BMW of Catonsville can assist you. Schedule a test drive today.