Leasing vs Buying a BMW
If you’re ready to make the leap to luxury and have picked out the perfect BMW for you, your lifestyle, and your family, then it’s time to finance it. You may know that you have two main methods of financing your latest vehicle—buying and leasing—but you may not know all the details.
Our team at BMW of Spokane is here to give you the information you need to make the right choice for you. If you’re in the Spokane, Spokane Valley, and Liberty Lake, Washington, areas, give us a call if you have any questions and read on to learn about the differences in buying vs. leasing.
Leasing vs Buying Quick Facts
Buying |
Leasing |
You Own the Car You Can Customize the Vehicle Sell on Your Own Schedule No Mileage Limits |
Generally Lower Monthly Payments New Vehicle Every Couple of Years Possibility of Lower Down Payment Your Model Is Under Warranty1 |
Consider Leasing Your BMW
When you choose a lease, you’ll be under a short-term contract—as little as two years in some cases—to essentially rent a BMW from our dealership. There are a lot of positives when considering a lease, such as:
- Since you’ll only have this BMW for a couple of years, at the end of your term, you’ll be able to lease the newest model year sooner. This is a great option for those who like to be on the cutting edge of innovation.
- We want to protect our investment as much as you want to keep your car running, so for the entire time you have your BMW, your model will be under warranty.1 Most of your regular maintenance will be covered for the duration of your lease.
This is a fantastic option for those who like to sport a new vehicle with all the bells and whistles for everyday commuting.
Think About Buying Your BMW
If you choose to buy your vehicle, you can either pay in full or get approved for an auto loan to cover the cost of your new BMW. The positives of purchasing your vehicle include:
- Since you’re buying the car, you will fully own it, which comes with its own benefits. You’ll be able to customize your vehicle however you like, and you can trade in or sell your BMW whenever you’d like.
- You won’t have any mileage limits imposed on you. This means you can rack up 100,000 miles on a cross-country road trip, and do the same thing again next year.
Buying a BMW is a better option if you’re looking for a car you can truly make your own for the long haul.
Visit Our BMW Financing Center
If you still have questions about buying and leasing, you can feel free to drop by our finance center, or give us a call with any lingering questions you might have. We’ll do our best to clarify everything and help you make the best choice for you.
If you’ve already made your choice, you can check out our suite of online tools, like our:
- Payment Calculator
- Value Your Trade
- Finance Application
Should I Buy or Lease My BMW?
No matter if you want to rotate to the latest BMW model every couple of years, or if you’re looking for a permanent road companion, the team at BMW of Spokane is ready to help. We want all our friends in the Spokane, Spokane Valley, and Liberty Lake, WA, areas to make the best choice for them.
Come visit us for a test drive soon. We’re looking forward to meeting you!
1 See dealer for limited warranty details.
BMW of Spokane
215 E Montgomery AveSpokane, WA 99207 Driving Directions
Monday | 8:30AM - 7:00PM |
Tuesday | 8:30AM - 7:00PM |
Wednesday | 8:30AM - 7:00PM |
Thursday | 8:30AM - 7:00PM |
Friday | 8:30AM - 7:00PM |
Saturday | 8:30AM - 7:00PM |
Sunday | 10:00AM - 5:00PM |
Monday | 7:30AM - 5:30PM |
Tuesday | 7:30AM - 5:30PM |
Wednesday | 7:30AM - 5:30PM |
Thursday | 7:30AM - 5:30PM |
Friday | 7:30AM - 5:30PM |
Saturday | 8:00AM - 4:00PM |
Sunday | Closed |
Monday | 7:30AM - 5:30PM |
Tuesday | 7:30AM - 5:30PM |
Wednesday | 7:30AM - 5:30PM |
Thursday | 7:30AM - 5:30PM |
Friday | 7:30AM - 5:30PM |
Saturday | 8:00AM - 4:00PM |
Sunday | Closed |