With so many ways to purchase a new car, it can be difficult deciding on the right financing option that best suits your needs. And while buying definitely has its advantages, the benefits of leasing are often more ideal for those who are on a budget. Read our list of leasing perks below to find out if it is right for you!
A Better Car
This is one of the biggest reasons why drivers choose to go with leasing. When you lease, you only finance the car's residual value, not the entire cost. This makes it possible to have lower monthly payments, giving you the opportunity to more easily afford a high-end luxury car like a brand-new BMW sedan or BMW SUV in Springfield, Missouri.
Less Turn-In Hassle
Let's face it, selling an old car can be frustrating. With leasing, you don't have to worry about finding a buyer or haggling on a price. At BMW of Springfield, we make it easy for our lessees to return their cars to us. As long as you stick to your predetermined lease terms, you'll just hand us the keys! You'll also have the option of buying your leased vehicle or you can exchange it for another brand-new car and start your lease all over again!
Smaller Down Payments
Having a smaller down payment is important for many people when it comes to purchasing their next vehicle. However, experts suggest putting as much down as possible when you buy to keep payments low. Leases only require a lessee to finance a portion of the car's total value, enabling shoppers to put down a much smaller payment.
Lower Car Maintenance Costs
Car repairs and maintenance costs can add up fast. That's why many people choose to lease - it allows them to keep these expenses fairly low. New cars come with manufacturer warranties, which usually protect lessees during the duration of their lease term.
Check out our huge selection of brand-new BMW models online. When you're done, stop by our dealership and take one of them for a test drive. If you're not quite ready to visit us and have questions, please contact us and we'll be happy to answer your inquiries.