Buy vs Lease Information | Ocala FL | Near The Villages, Inverness & Crystal River

Buying vs. Leasing Your New Vehicle

Have you had your eye on a new BMW? If that answer is yes, then you’re probably wondering if buying or leasing would be a better choice for you. It's a huge decision, and we understand that both options provides different advantages. To help you make the right decision, we've gathered plenty of information to answer any questions you may have. Have more questions? Feel free to contact us! We at BMW of Ocala look forward to serving you.

WHY LEASE A VEHICLE?

Freedom of Choice

Two of the leading benefits of leasing a vehicle are freedom and flexibility. When leasing, customers can choose to postpone the decision to purchase and have the freedom to drive a new vehicle every few years if they choose, without the inconvenience of having to sell or trade your vehicle.

Flexibility

Leasing terms usually range between 24 to 60 months. This enables you to make affordable payments with shorter terms. Plus, you get to choose your mileage. Lessees are commonly given 12,000 or 15,000 miles per year, but if you think you need a higher mileage limit, you’re able to buy more miles at signing.

Lower Payments

You're only purchasing the right to use the vehicle for a period of time, so your financial responsibility and your monthly payments may be reduced significantly. Also, if you have a small down payment or none at all, then leasing may be better for you, as there are often leasing options that require $0 down.

Hazard-Free Driving

Because most leases last for a shorter amount of time, your vehicle generally provides warranty protection for as long as you drive it.

True Convenience

When a lease expires, you simply turn your vehicle in and pay any remaining fees (such as for excess mileage or wear and tear) and taxes. If you'd rather not part with your vehicle at the end of your lease, you can purchase it at a predetermined price. In either case, there's no need for you to sell it or trade it in unless it benefits you.

WHY BUY A VEHICLE?

Ownership

Ownership is the best benefit of buying your next vehicle instead of choosing to lease. If you are trying to keep your vehicle for an extended time or for as long as possible, then buying is the better option for you. Plus, choosing to buy rather than lease supplies you with the freedom to customize your vehicle to match your lifestyle.

No Mileage Limitation

When financing your vehicle, you are accountable for the miles you travel and don't have a mileage limitation like you do with leasing. Leasing requires that you calculate in advance how many miles you will drive each year. Ownership enables you to drive as much as you like and as far as you desire without collecting fees.

Payment Flexibility

When you choose to buy a vehicle, you can either finance or pay all at once. If you choose to purchase a vehicle by utilizing a finance program, you pay down the loan amount over an extended period of time. For the best result when financing, we strongly suggest that you acquire the most affordable, reliable and competitive rates available, like what we offer here at BMW of Ocala.

True Freedom

When you finish your payment schedule, in typically four to six years, you own your vehicle. You can keep driving for as long as you desire without any further payments, or choose to sell or trade at any time.

If you’re interested in learning more about buying versus leasing, would like to check out our great selection of new models and quality pre-owned vehicles or are interested in learning more about your lease-end options, feel free to contact us directly or visit us at 5145 SW College Road, Ocala, FL 34474 for a test-drive. We look forward to seeing our customers from Ocala, FL, and throughout Gainesville and The Villages.