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Edmonton BMW offers a wide range of financing options for you to start driving the BMW vehicle you want. One of those options allows you to pay during a fixed period of time for an agreed amount of money, but without all the commitment of owning a vehicle—this is what’s called a lease. A lot of people pay for their vehicles with leases because they want to explore their options, while making lower monthly payments on their vehicles.
If you feel like it might be something you’d want to learn more about, we compiled a guide on what it means to lease a BMW with us and why it could be the financing option for you.
No Long-Term Commitment
One of the benefits of leasing a BMW vehicle is that you don’t have to commit to just one vehicle over the course of your payment plan. With our payment plans for leasing a vehicle, it gives you the freedom to experience everything BMW has to offer without feeling like you’re financing a brand new car. It gives you more options, especially if you’re thinking of eventually owning one of our BMW vehicles. When you think about it, leasing a vehicle is almost like renting one, except you’re working towards making the decision of owning or not. In addition, leasing a vehicle also allows you to not worry about vehicle depreciation, so you don’t have to think about resale value since you don’t actually own the vehicle.
Lower Monthly Payments
Compared to financing a car, your monthly cash flow is much lower when it comes to leasing. This is because you’re paying for the depreciation of the car during your payment term, as opposed to the entire cost of the vehicle. When we said you don’t have to worry about vehicle depreciation, you really don’t! Paying for depreciation gives you lower monthly payments, while the actual depreciation is something you can let us take care of. Also, If you do end up wanting to own the vehicle you’d only have to worry about paying for the residual value, which is the amount that’s leftover for you to pay.
More Options for You!
This is probably the best reason to lease a vehicle—because you get to drive so many BMW vehicles! With the ‘renting’ concept behind leases, you can drive a different car during your payment period without any hassle. You may feel like leaving our showroom with a 2 Series, but then start feeling curious about an X5 within a couple months. With Edmonton BMW, there’s never a problem in changing your mind so just give us a call and we’ll work with you to make the arrangements.
These are just a few advantages for leasing a vehicle with Edmonton BMW. Whatever your decision is towards financing your BMW, we’ll make sure that you’re informed and ready to go. If you have any more questions about leasing or financing a vehicle, you’re always welcome to visit our showroom, or send us a message on our website. We hope to see you soon!