Should You Buy or Lease a New BMW in Portland?

When you're shopping for a new BMW in Portland, one of the biggest financing decisions you'll need to make is whether you want to buy or lease. The finance team here at BMW Portland wants you to make the best decision possible, so here are some of the benefits of both options!

The Benefits of Buying a New BMW

  • You own your BMW! That means when your loan is paid off, you won't need to make any more monthly payments.
  • There are no limitations on mileage or alterations. You are free to do with your vehicle as you please.
  • That also means you can resell or trade-in any time you wish, and take advantage of any equity you've accrued through vehicle ownership.
  • The drawbacks: monthly payments tend to be higher, and you'll have to pay for service and maintenance once warranty coverage has expired.

The Benefits of Leasing a New BMW

  • Because you only pay for the term of your lease, you don't actually pay full price. Monthly payments also tend to be lower.
  • Routine maintenance and service is generally covered under warranty for the duration of your lease.
  • When your lease expires, you can upgrade to the latest BMW model by signing a new one. That means you can drive a new BMW every few years!
  • The drawbacks: you don't actually own the vehicle, so there may be restrictions on mileage and alterations. If the vehicle is not cared for, or if the mileage limit is exceeded, additional fees can apply.

You don't have to make the decision on your own. We'll work hard to help you find the best financing option for your lifestyle. In the meantime, apply for financing online!

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