Should You Buy or Lease a BMW Vehicle?

To buy or lease is one of the first questions you must answer before visiting BMW of Asheville. Of course, there is no right or wrong answer, because it ultimately comes down to your specific needs and personal preferences. We’ll explain the situations where buying is preferable over leasing and vice versa. 

How far and how often do you commute? The typical lease contract is three years with a 36,000-mile allowance. There is a surplus fee for each mile you go over that limit, typically 20 cents for every mile over. If you commute daily, and your workplace is the next two cities over, then you could go over that limit. In this instance, buying a car may be the better option.

Do you use your car for business? If you're a CEO or real estate agent, you may have to drive your clients or investors around. If you use your vehicle in this manner, you may be able to include your lease payments in your tax deductions (we suggest you confirm this with your accountant to be certain). 

Do you eat in your car or keep all sorts of junk in the cabin? If you do, then you may want to buy a car. Stains, scuffs, and scratches will incur a penalty fee on a lease.

Do you plan on any customizations? If you enjoy modifications like lowering the suspension or adding an aftermarket exhaust pipe, then you definitely should buy.

Finally, if you have strong credit, you may want to consider leasing. With a stellar credit score, you may qualify for our lease and car finance offers near Waynesville, NC. Many of these include contracts with a zero-down payment.

Visit our BMW dealership in Asheville, NC today. Whether you are interested in the 2018 BMW 4 Series or a 2018 BMW M3, we have buying and leasing options for most models under our inventory.

Categories: Finance