How Long Can You Lease a Car?

Leasing is a great way for East Greenwich drivers to get a new car without having to buy the car or commit to ownership. But, how long can you lease a car? The specific amount of time that you’re able to lease a car will depend on the lease term you choose. Go over the different lease terms with BMW of Warwick, and visit us for all of your new vehicle leasing needs.

Benefits of Leasing vs. Buying

Before we talk about the different lease terms, let’s go over some of the advantages leasing offers compared to buying: 

• You’ll have more flexibility with leasing
• You’ll pay less each month than you would with taking out a loan
• You’ll still have warranty coverage
• You’ll have multiple options at the end of the lease, including upgrading to a newer model

Short-Term Lease

Usually, car leases will be put into two different categories: a short-term lease and a long-term lease. A short-term lease usually ranges from 12-24 months. With a one-year lease, you’ll pay more in car payments than you would with a longer lease, but you’ll enjoy these advantages when driving around Providence on a shorter lease: 

• You’ll pay less interest month to month. 
• The vehicle will experience less depreciation. 
• You’re more likely to receive a rebate on the car upon return.

Is a 6-month lease possible? It’s possible, but dealers usually don’t offer them, and they don’t usually offer short-term leases in general. If you qualify for special circumstances, then you may be able to get a short lease, but it depends on the dealer. 

Long-Term Lease

A long-term lease is considered anywhere between 36-60 months. Compared to a shorter term, here are some of the advantages to a long-term lease: 

• You’ll pay less month to month.
• Leases have mileage restrictions for the vehicle, but you’ll have a higher mileage allowance per month when you choose a long-term lease. 

You’re usually more likely to get a long-term lease when you choose your terms, but reach out to our finance center for all of your leasing questions. 

What’s the Average Lease Term? 

The average lease term is around 24-36 months. How long should you choose when trying to decide how long you should lease a car? It all depends on what your driving needs are and what your lifestyle is like. 

Visit BMW of Warwick near Cranston for all of your questions on how long you should lease and other related questions. 

Choose Your Lease Term at BMW of Warwick

So, how long can you lease a car? The longest that most Warwick drivers go is 60 months, but it all depends on your situation. Contact us to go over your options and see which lease term would be the most appropriate for you.