Why Are Lease Payments Higher Now?

If you have looked into leasing a BMW car in the past few months, you may have been surprised at the high cost of lease payments. The simple reason why lease payments have increased is due to a significant change in market conditions where an inventory shortage is making it hard to find popular vehicles.

Even with these changing market conditions, the finance professionals at BMW of Wesley Chapel do everything we can to make your BMW lease affordable.

Inventory Shortages and Lease Prices

If you have paid attention to automotive industry news lately, you likely have heard about an inventory shortage. Demand for new vehicles is higher than ever, and while automakers are attempting to keep up, things are difficult. If you’re considering taking out a BMW lease in the next few months, here’s how the current inventory situation will affect lease payments.

One of the main benefits of leasing a vehicle traditionally has been the lower monthly payments compared to financing. However, the inventory shortage has changed that rule so that lease payments are now comparable or even higher than finance payments.

How to Lease a BMW Car During the Inventory Shortage

Here at our Wesley Chapel BMW dealership, we have fought through the inventory shortage and keep a steady selection of new BMW cars on our lot.

Even so, if you plan to lease a car, it’s more important than ever to plan ahead for your lease. We recommend researching the models that you’re interested in leasing and utilize our payment calculator so that you have an idea of how much you can afford each month.

The friendly professionals at our BMW finance center are happy to share more information about BMW leases. Stop by BMW of Wesley Chapel today for a test drive.