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With car prices where they are right now, buying may not be looking great. Leasing a BMW, however, could be a much better option for you. Here are some important things to know about a BMW lease.
What is Leasing?
When you lease a car, you don’t own it. Instead, you get to drive it for a designated period, usually three years, or so. It’s kind of like a long-term car rental.
What are the Benefits of Leasing?
When you lease, you aren’t tied down to one car for very long. This is a great option for people who get bored with the same vehicle after a while. Leasing is also generally cheaper than buying, as you only pay for the value of the car during the lease period.
What Happens at the End of a Lease?
When your lease ends, you’ll have a lot of choices. You can keep leasing the same vehicle or perhaps upgrade to a newer model. You can start leasing something completely different. If you love the car, you can buy it, or you can just return it to the dealership and start anew.
Can You End a Lease Early?
When you lease a car, you sign a contract in which you are financially responsible for the vehicle for the duration of the lease. If you need to end this early, you will be on the hook for an early termination fee, which could be steep.
If you have any other questions about leasing, get in touch with BMW of Asheville. And if you’re ready to lease a vehicle right now, you can complete everything online or over the phone and have your car brought right to your home.