Buying and Leasing at BMW of Wesley Chapel

Buying a car at our BMW dealership in Wesley Chapel is easy thanks to our knowledgeable and experienced finance department. We’ll walk you through every step of the car-shopping process, which includes a detailed explanation of buying vs leasing your new, used, or certified pre-owned vehicle.

You can buy or lease any of our currently available BMW models. However, you may find that the car you want to purchase will impact the type of financing method that works best for your budget. Both buying and leasing a car have distinct benefits and limitations. We recommend you consider how buy vs leasing will affect common issues with owning a BMW, such as the amount of your monthly payments, associated mileage limits, and long-term repair costs.

Contact us today to learn more about every finance option available for your next BMW.

Benefits of Buying a Car

The most common way to buy a new car is to finance the purchase with an auto loan. Auto loans require a higher down payment than a lease, but you’ll fully own the car at the end of the loan term. The average car loan term is around 60 months, although shorter or longer loan terms are available.

The longer your loan term, the lower your monthly costs. However, cars financed with an auto loan typically carry larger monthly payments due to the interest rate associated with auto financing with a car loan.

Buying your car also means you have full control over what happens to the vehicle, including how many miles you put on it, how you choose to customize it, and where you choose to get it repaired or maintained. If you choose, you can sell the car at any time, even before you’ve paid off the auto loan. You will still be responsible for the remainder of the loan if you sell the vehicle for less than the loan amount.

Purchasing a car will result in an overall lower cost if you choose to continue driving the car after the loan term ends. Nevertheless, an aging vehicle will have more frequent and more expensive repair and maintenance costs.

Benefits of Leasing a Car

Leasing offers can help remove many of the short-term financial burdens associated with buying a car. A car lease requires less upfront payment. In most cases, the upfront costs for a lease will include the first month’s payment, a security deposit (refundable), and several other fees. The monthly lease payments will almost always be smaller than if you were to buy the car with an auto loan.

Unlike a purchased vehicle, a lease deal will include an annual mileage limit of between 10,000 to 20,000 miles. Driving beyond that limit will incur a penalty at the end of the lease period. When you lease a vehicle, you will also need to follow the maintenance schedule prescribed by the dealer. There will also be more restrictions on where you get your vehicle serviced.

At the end of the lease period, you can choose to upgrade to a new lease, purchase the leased vehicle, or buy a different car. Most dealerships will provide incentives to lease a new vehicle of the same or similar models.

Buying and Leasing Made Easy at BMW of Wesley Chapel

Our BMW dealership in Wesley Chapel will help guide you toward the finance option that works best for you. Enjoy the car buying experience as you explore our inventory and go for a test drive. Once you’re ready, our BMW finance center will offer you a complete breakdown of every finance option available. Contact us today to learn more about new BMW cars and trucks, used and certified pre-owned vehicles, and buying vs leasing options.