New Car Lease vs Buy
Why Should You Lease a New Car?
If you want to drive newer, safer, more reliable vehicles, prefer not to pay a considerable down payment every few years, and also don’t drive an exorbitant amount every year, then a new car lease may be best for you. Leasing is better for people who would prefer to avoid the annoyance of buying and selling every time they want to drive a new vehicle.
Why Should You Buy a New Car?
On the other hand, if you want long term automotive relationships with a larger sense of ownership and commitment, then buying should be what’s ideal for you. Car-buying is typically best for consumers who won’t mind driving the same car or truck for over five years or even until the vehicle is no longer suited for the highway.
Buy vs Lease: Which One Is Right for You?
Knowing the pros, cons, and overall benefits of buying vs leasing a car or truck is imperative. Be sure to look at monthly payments, vehicle ownership, repair costs, and potential savings when weighing the pros and cons of the best new vehicle financing type for you.
Leasing vs Buying: Ownership
When considering vehicle financing, new vehicle ownership certainly comes along with many advantages, most associated with entire ownership of the car, truck or SUV. You may not realize, but, there are also a few great upsides of leasing, as well. It’s important to consider all financial aspects including monthly payments, down payment, term length, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A thorough audit of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the perfect choice between leasing and buying a new car.
Monthly Payments
Car or truck lease payments are oftentimes less expensive compared to auto loan and car financing payments as the standard lease deal is pretty much renting with the option to buy out near the end of your lease term. Consider when leasing that you’ll need a nice credit score, and will be required to carry comprehensive and collision insurance, although the same can be said for the best rate auto loans. Although it may likely add to your monthly payments, it is also best to select a model with the features you want or need, as personal satisfaction is often priceless.
Maintenance & Repair
Auto leasing often includes regular vehicle maintenance & repair. It’s important to remember this when calculating monthly costs of ownership vs leasing. Regardless of which make and model you buy, mechanic bills are an unknown cost that can rapidly add up. And for those of us who are not certified auto mechanics with a full toolset and hydraulic jack in the garage, leasing is likely the best option for peace of mind.
Savings vs Investment
Generally speaking, a new vehicle lease saves money in the short term with more affordable monthly payments, while buying gets you a long term investment, meaning outright ownership of the value of the car, truck, or SUV at the time it is traded, sold, or paid-off. For best savings on a lease, avoid lease return fees for terminating the vehicle lease early, going over mileage, or putting on excessive wear and tear. For maximum investment on a financed/purchased vehicle, you can pay it off in a shorter term and also avoid excessive wear and mileage.
| Lease | Buy | |
| Maintenance & Repair Costs | Typically Included | Not Included |
| Down Payment | Smaller Down Payment | Larger Down Payment |
| Monthly Payment | Smaller Monthly Payments | Larger Monthly Payments |
| Ownership | No Ownership | Pride of Ownership |
| APR % | Credit-Based | Credit-Based |
| Finance Term | Approx. 2-4 Years | Approx. 3-6 Years |
| Savings/Investment | Short Term Savings | Long Term Investment |
| Vehicle Customization | Not Available | Available |
| Pre-Owned Vehicles | Not Available | Available |
| Poor Credit Financing | Not Available | Available |
| New Vehicles | Available | Available |
BMW Lease and Finance Offers In Beaumont TX
BMW of Beaumont knows that choosing the right BMW car and financing option is never easy. Our team of experienced BMW lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location in Beaumont, TX. We look forward to serving you.
This is the fourth vehicle to buy from Willie Calcote at BMW Beaumont. He is always professional and helpful with any questions. We have always been treated fairly with the financing and always leave happy.
Very good and friendly customer service. Did not take long to finalize my sale!! Excited about my 21’ BMW!!!
The staff was very patient and helpful!! Catherine took her time explain every detail to help me make the right decision. The services provided were quick!
My favorite service advisor Taylor always takes great care of me when i come in. He keeps me updated on services and everything involved. BMW Beaumont is definitely my go to
Great communication and friendly service for an auto I didn’t even buy at this dealership. Couldn’t ask for better service and was very pleased.
They thrive on customer service and excellence. Very professional and friendly! I am super satisfied with how their service department takes care of me and makes me feel like I am an important customer.
Consistently proficient! Taylor Shook has me in and out of there when CB I take my car in for service! I always appreciate service w a smile!
I just purchased my third vehicle from the same salesman and it is why I use this dealership. Any time I have used the service dept, oil change, tires, etc., I have been pleased.
Salesman Jon was awesome he made it happen. The finance man Loney made it a smooth transition. It didn’t take all day. Thanks BMW at Mike Smith.
This was the BEST car purchase experience I have had in all of my life! Quick and painless!! Chris was the best salesperson ever!!!! ASK FOR HIM YOU WILL NOT REGRET IT!!
I blew out a tire driving through Beaumont and went to BMW of Beaumont to get it replace. Taylor was my service advisor and he quickly had the tire replaced and on my way. He checked in with me frequently with status updates and to ask if I needed anything.
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409-840-3585
Call Now1855 I-10 • Beaumont, TX 77701
Get DirectionsToday's Hours:
Open Today! Sales: 9am-6pm
Open Today! Service: 8am-4pm
Open Today! Parts: 8am-4pm
