Picking out a new car around East Greenwich can be a complicated process, and at the end of it is the choice between buying and leasing. This is one of the most common questions that we get here at BMW of Warwick, so we’ve laid out the basics of each option below. Neither buying or leasing is better or worse than the other choice, but you should be able to figure out which one suits your specific needs after reading the comparison below. So, if you find yourself asking, “Should I buy or lease?”, read on!
The Bottom Line: According to statistics, most BMW drivers keep a vehicle for three years on average, and almost all drivers want the latest and greatest features in their car. If this sounds like you, you’ll want to consider leasing as it lets you upgrade your model more frequently than if you buy a car outright. However, if you’re still interested in buying, our finance center can help you explore the available options.
The Bottom Line: If you’re only using your car for a short Providence commute, you’ll find that most leases will suit you just fine. However, if you love road trips or weekend outings with the family, financing might be a better choice.
The Bottom Line: If you’re interested in outfitting your vehicle with accessories and upgraded parts, you’ll want to stay away from leasing as it heavily restricts your ability to do this.
The Bottom Line: Leasing is a simple process that can be very attractive to Cranston drivers. However, trading in a purchased vehicle has its own benefits as long as you’re comfortable with the reselling process.
You can find out everything you need to know about leasing and financing on our website, whether you just want to browse our special offers or start applying for financing. If you have any questions about either of these processes, feel free to contact our office anytime.
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