Should I Buy or Lease?

young couple getting keys at dealership

When looking for a new BMW vehicle to enhance your St Louis 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 Ballwin 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, like how to refinance a car loan or how to lease a used carfeel free to contact us today!


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