It’s time to find your next vehicle. But what’s the best way to go? Should you buy or lease a BMW? Buy new or used BMW? Here are the basics of each so that you can figure out what’s right for you.
Leasing is a great option for anyone who likes to stay up to date with the latest designs, technology and safety. When you lease a car, you generally have it for two or three years. Typically your down payment and your monthly payments will be lower than those for a new car. Thus, leasing makes expensive vehicles more affordable.
On the other hand, leasing means restricted mileage and possible extra fees. Plus, with a leased car, you can’t make any modifications. You’re respected to return it with minimal wear and tear.
If you generally keep your cars until they can serve you no more, then you should choose buying over leasing. Getting a new car means you can get it made to order just the way you like it. Many people choose to buy new so that they know their car will start in pristine condition. Unlike leasing, buying a new car means no restrictions on mileage or alterations.
Some people are worried about buying used because they don’t know the history. However, certified pre-owned vehicles have to meet certain mileage, age and inspection requirements to gain that title. Certified pre-owned vehicles are less expensive than new ones, and usually come with their own warranties. For many people who want a good, long-lasting vehicle for a lower price, certified pre-owned is the way to go.