Lease or Buy a BMW in Merriam, KS

Deciding Whether to Buy or Lease Your New BMW from Baron BMW

Congratulations on your decision to join the Baron BMW family. Now that the hard work of finding your new BMW is done, there’s just one more question to answer before you sign on the dotted line: Do you buy or lease your Baron BMW?

Most of our customers ask us this question but the answer isn’t a simple “yes” or “no”. To be honest, the benefits of leasing or buying a BMW from Baron BMW really comes down to your personal driving preferences. For example, here are just a few of the basic differences between buying and leasing from Baron BMW:

Once you’ve familiarized yourself with the fundamental difference between leasing and buying there are some questions you need to ask yourself before deciding whether you should finance or lease your new Baron BMW. For example:

How many miles a year do you usually rack up?

By estimation, how many miles a year do you typically drive?

• Less than 15,000
• 16-30,000
• More than 30,000

Think about how you’ll be utilizing your vehicle in the future – will your commute be the same in five years as it is now? Throughout our lives, where, when and how we drive is constantly evolving. Families grow and change, or we may even be adding additional drivers to the registration. All of this must be taken into consideration when deciding between leasing or buying your Baron BMW, so take stock before you execute your plan.

In general, which method do you use when upgrading to a new car?

• Trade in my existing vehicle for a new one.
• Sell my existing vehicle before I buy a new one.
• Keep my vehicle once I have paid it off.

Financially speaking, we all have different preferences and reasons for updating our vehicles. Are you leaning more towards frequently advancing to the latest model, or are you more into building your own automobile collection? Perhaps you have a family member ready to take the wheel and they need their first car. Indeed, you may have even grown fond of your current vehicle and have the financial means to add to your automotive family. Whatever your situation, plan accordingly.

How did you acquire your existing vehicle?

• Lease
• Finance
• Cash

If you aren’t entirely happy with how your current payment method or plan worked out, maybe it’s time to make a change. On the other hand, you may be perfectly happy with how things have been going. Make this analysis before completing your BMW lease deal.

When you bring your new BMW home, what changes might you make?

Whether you’ve just signed up for the classic 3 series, or selected the new Sports Activity Coupe X6, think about ways you may plan to physically alter your vehicle. If you’ve decided to lease your Baron BMW, it will most likely need to remain in factory condition. One reason you may want to elect to buy is that you plan to make slight modifications or even completely customize your vehicle. If you choose to do this, you may violate the terms of your lease agreement. Speak with your dealer to ensure that you know exactly what you’re signing up for.

How important is maintaining your vehicle’s warranty?

If you have owned vehicles in the past or currently have a vehicle warranty, do you typically:

• Replace your vehicle before its factory warranty expires.
• Have a full inspection done on your vehicle before its factory warranty expires.
• Ignore if your car is under warranty or not.  

How you handle your warranty and its restrictions can greatly affect the re-sale or trade-in value, and even if you qualify for new leases.

How do you plan to service your vehicle?

Your BMW is a finely-tuned machine, and ideally you will be able to frequent an authorized manufacturer or dealer service center. Depending on the terms of your lease, if your vehicle is worked on by anyone other than an ASE Certified BMW technician, you may be voiding your contract. Whether you perform the maintenance yourself or take it into your local service center, when leasing you must review the terms carefully to confirm any allowances. Ensuring that you adhere to the stipulations of that contract dictates if you can continue to lease, or if you might consider becoming a full-on buyer.

Take a moment to look at our BMW Finance page to answer any further questions you may have regarding the specifics of your choice. Make sure you consider each option carefully.

So, shop us online or stop by our showroom and let our sales and leasing experts assist you in making an informed decision on whether to purchase or lease your new ultimate driving machine from Baron BMW.