Leasing a BMW car in Bend
Not everyone wants to commit to a new BMW car for the long term, which is OK because leasing a BMW car or SUV in Bend might be a better route for some than others. We also understand not everyone is sure exactly how it works. If you want to know if leasing a BMW car is right for you, let’s examine how it works so you can make the best decision for you and your budget.
Who owns the vehicle?
You never own the car during the term of the lease. This is the biggest difference between financing or buying a car outright and leasing new BMW cars. The car you’re leasing is still owned by the dealership from which you’re leasing, and you’ll return it to the BMW dealership when the term of the lease is complete. This gives you the option to upgrade to a new BMW car every couple of years or so.
Understand your yearly mileage
Lease agreements come with a mileage allotment for each year of the term of your lease. It’s a good idea to have a general idea of the number of miles you put on your current car before you sign a lease agreement. If you go over the number of miles allotted in your lease agreement, you could accrue charges of 10 to 30 cents per mile (depending on the agreement). The mileage agreement can be negotiated, but it’s better to shoot high and come in under the target than aim low and go over the mark.
Take care of your lease
There’s a stereotypical mindset that comes with renting cars. Sometimes people like to think that they can drive a rented car hard for a week because they won’t be driving it still the next week. This doesn’t apply with a lease. There are wear and tear guidelines that come with a lease agreement and excessive wear on the car could cost you extra when you return it. This is incentive to take care of and keep your car looking nice.
Advantages to leasing
Finally, there are pros and cons to everything, so let’s look at the advantages of leasing a BMW from BMW of Bend. Leasing a new BMW car is cheaper in the end than buying it outright or financing, because you’re paying only a percentage of the total price. You also don’t have to worry about trading it in for a good price or finding a buyer when you’re done, because your Bend BMW dealership is guaranteed to take it back from you.
If you like to have the latest and greatest gadgets and amenities in your car, leasing may be your best bet, because you can easily upgrade to drive the latest models each year. You may also be able to drive a nicer car than you could normally afford to buy or finance.
To learn more about BMW lease deals near Redmond, La Pine, and Sisters, contact the experts in the BMW Finance Center at BMW of Bend today. Be sure to shop BMW finance and lease offers at BMW of Bend to find out how you can save on a lease.