Friendly Financing at BMW of Pompano Beach

When it’s time to decide whether to lease a car vs. buy a car, the friendly finance team at BMW of Pompano Beach is ready to help. The benefits of leasing vs. buying a car vary, and understanding how the options fit into your budget matters. Before you make the wrong choice, visit BMW of Pompano Beach near Coconut Creek and Fort Lauderdale to learn about the financing options and how they affect your BMW ownership experience.

Benefits of Leasing a New Car

BMW drivers choose leases for the financial benefits. First, BMW leases have low monthly costs because leases do not include the entire value of the car. Lease payments are determined by subtracting the residual value (the vehicle’s value at the end of the lease term) from the sticker price. Because the residual value is calculated by mileage and age, all BMW leases include mileage limits. They also include limits on customizations, as they affect the car’s value at the end of the lease term.

BMW lease terms are usually 24 or 36 months. At the close of the lease contract, you can return the car and then lease or buy another one. If you have excess mileage, BMW will assess a per-mile fee. During the two or three years of leasing, you’ll always have the BMW warranty, making your ownership experience stress-free.

Why Choose an Auto Loan

Auto loans are attractive financing decisions for drivers who want to own their BMW. Your monthly loan payment will be based on the sticker price, interest rate, and loan term. New car loans can have short, medium, and long terms depending on the monthly payment you want. Our long-term loans can divide monthly payments into 72, 84, or 92 months. We also offer loan terms with shorter terms like 36, 48, or 60 months.

Whether you buy or lease your new BMW, your financial decision should come down to what fits your budget and driving habits. Auto loans are good choices for people who drive more than 12,000 miles annually. They are also good choices for drivers who like to customize their BMWs.

After your loan is paid, the vehicle is yours. Unlike a lease, you can trade in or sell your BMW before the end of the loan. Of course, you are responsible for the balance of the loan, so buying BMW vehicles holds their value well, often giving owners plenty of equity to put down on a new model.

Explore Leasing vs. Buying a New BMW in Pompano Beach, FL

We invite you to visit BMW of Pompano Beach to explore your leasing and buying options. If you prefer to shop online, we share our financing specials on our website. You’ll also find our convenient online financing application and trade valuation tool to speed up the car-buying process.