Should I Buy or Lease?

young couple getting keys at dealership

When looking for a new BMW vehicle to enhance your Ballwin commute, you may be wondering which financial path to take. Find out what will work best for you in terms of leasing vs. buying. There are benefits to both, but think about what you need, can afford, and want. BMW of West St Louis has the benefits that come along with financing and leasing, so you can make the decision that’s best for you.

Benefits of Buying

  • No Mileage Restrictions: If you’re driving your vehicle inside and outside of the Ladue area, you should consider buying. Without the mileage limits you get on a leased vehicle, you can drive as much as you want.
  • Customization: Want to make your new vehicle stand out among the crowd? Buying means the car is yours, and you can make cosmetic and mechanical changes as you see fit. Create the car of your dreams without restriction.
  • Ability to Sell: Without a lease agreement, you can sell your car at any point.
  • Financing Options: While leasing isn’t a massive headache, the car financing process is more straightforward and open to those without perfect, or great, credit scores. When buying, you can also refinance your loan to lower your interest rate and monthly payments.
  • Less Cost Over Time: Buying a new car is more expensive in the initial period, but it is less troublesome in terms of cost over time as you work toward paying off your loan. With total ownership, the vehicle becomes less expensive to own the longer you have it.

Benefits of Leasing

  • Lower Payments: Whether it’s monthly payments or down payments, when you lease a vehicle those costs are lower than buying.
  • Less Sales Tax: In most states, leasing a vehicle drastically lowers sales tax. In some areas, you only have to pay tax on the amount you put forth in the down payment and for the monthly payments.
  • Trade-Ins: When your lease agreement is over, the process of getting your next leased vehicle is easy. Visit our Manchester dealership, pay any remaining fees, and drive off in your next vehicle.
  • Great Coverage: Warranty coverage and maintenance is a breeze when leasing, as any issue that pops up under your warranty, as long as you don’t go over the mileage limit, is covered.
  • Options: Leasing allows you to stay in the newest models with the latest in technology every time you lease a new vehicle. You’ll have more options and will be able to find the perfect model and features for you.
  • High Approval Rate: While you may be denied for a car loan, it’s easier to get approved for a lease, even those with poor or no credit can be approved.

Explore Leasing and Financing Options at BMW of West St Louis

Whatever you choose, remember to think about what you need. Explore our BMW leasing and financing deals, learn more about BMW Select Financing, then stop by our dealership for a test drive. If you have any questions, feel free to contact us today!


More from BMW of West St Louis

  • 2020 BMW X3 Towing Capacity

    Drivers in Ballwin who want a luxury midsize SUV with the power to tow their boats or RVs to the Lake of the Ozarks are in luck: the 2020 BMW X3 towing capacity is high enough to get your gear where you want to go. The BMW X3 towing capacity is 4,400 pounds. BMW keeps…

  • 2020 BMW X3 Price

    How much does the BMW X3 cost? Starting at $41,950 MSRP, this 2020 BMW SAV® (Sport Activity Vehicle®) is an affordable luxury crossover for Ballwin drivers and beyond. At BMW of West St Louis, learn more about the BMW X3 cost at each trim level and find out what features are offered at each BMW X3 price point. Then…

  • 2020 BMW X5 MPG

    If you are searching for a luxury SUV that has a good blend of power and fuel-efficiency, consider the 2020 BMW X5. With several engine options to choose from and up to 26 mpg, you can decide what combination of engine specs best fits your needs. Learn more about the 2020 BMW X5 fuel economy…

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

636-227-5454

Call Now

14417 Manchester Rd. • Manchester, MO 63011

Get Directions

Today's Hours:

Open Today! Sales: 9am-9pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7am-6pm

BMW of West St Louis 38.5937389, -90.5172938.