At BMW of Silver Spring, we routinely assist customers with a vehicle purchase or lease. Many drivers wonder whether a BMW lease or purchase is a better option. There’s no right or wrong answer. Here’s a breakdown of the two options, and which choice may be better for your personal needs/preference.
BMW Lease
The average leasing contract is 36 months. This means you can drive a new vehicle every three years. This way, you can take advantage of the latest BMW automotive technologies and features. In addition, leasing doesn’t require a large down payment, and monthly payments are lower on average. Finally, the warranty typically covers the vehicle over the entire duration of the lease period, so out-of-pocket expenses for maintenance or repairs are minimal.
BMW Purchase
When you purchase a vehicle, you own it. You’re free to make modifications as you please, and you can also drive as often as you like without worry of incurring mileage limits penalties. As the owner, you’re free to sell or trade in your SUV when the time comes to upgrade to a new vehicle.
Which is Best for Me?
Go with a lease if:
- You want to drive a new car every few years
- You’re on a tight budget and prefer to avoid higher monthly costs
- You want to avoid the depreciation associated with car ownership
Go with a purchase if:
- You plan on making modifications or adding accessories
- You drive daily and often
- You wish to own a vehicle as an asset
Start a BMW Lease or Purchase a Vehicle at Our BMW Dealership in Silver Spring, MD
Whichever option you feel is best for your driving needs, the dealers at BMW of Silver Spring are more than happy to assist you and introduce to you our finance and lease options. Visit our dealership for a test drive today!