Should I Buy or Lease?

signing car lease

We know how exciting it can be to see your dream car in the Pacific BMW lot, and we want to help you get it in your Glendale driveway. You may be considering your finance options when it comes to buying vs. leasing. Read on below to explore the benefits of both buying and leasing, and you’ll have a better idea of which option works best for your current budget and lifestyle. If you have any other questions, don’t hesitate to contact our finance team for more information, current vehicle specials, or lease finance offers. 

Benefits of Buying

  • No Mileage Restrictions: For those who often drive beyond Los Angeles, you may want to consider buying. You’re free to drive as much as you want, whereas a lease has mileage limits.
  • Total Ownership: Buying a vehicle means it’s all yours. There are no restrictions on how it’s modified, decorated, etc.
  • Customization: Make any and all mechanical or cosmetic customizations you please when you buy rather than lease your car. It’s all yours to custom paint, accessorize, and enhance how you see fit.
  • Ability to Sell: Sell your vehicle when you please. When you buy, there is no lease agreement to adhere to.
  • Refinancing Options: When buying, you have the freedom to refinance your loan and lower your interest rate and monthly payments if your financial situation changes.
  • Less Cost Over Time: Buying a car is initially more expensive, but it lessens over time as you pay off your loan. With total ownership, the vehicle becomes less expensive to own the longer you have it.

Benefits of Leasing

  • Lower Payments: Whether down payments or monthly payments, when you lease a vehicle those incremental costs will be much lower than buying outright.
  • Less Sales Tax: In most states, leasing a vehicle lowers the applied sales tax. In some areas, you’ll only pay taxes on the down payment and for the monthly payments.
  • Trade-Ins: When your lease agreement ends, the process of getting your next leased vehicle is simple. Head to the dealership, pay the remaining fees, and drive away in your next chosen vehicle.
  • Coverage: You can be confident in your warranty coverage and maintenance when leasing. Any issue that pops up under your warranty (if you’re within the mileage limit) is covered.
  • Options: Leasing allows you to experience the newest models with the most up-to-date tech and safety features. You’ll have tons of innovative options to choose from when looking for the right features for you.
  • High Approval Rate: While there’s a change of denial for a loan to buy outright, it is much more likely to get approved for a lease. Even those with poor or bad credit can often be approved for a lease.

More About Leasing vs. Buying at Pacific BMW

Here at Pacific BMW, our mission is to help Hollywood drivers get behind the wheel of a vehicle they are proud of. If you’re interested in a new vehicle from Pacific BMW, we can always help you weigh your leasing vs. buying options. Please contact our finance center with any questions regarding how to make your dream car a reality within your budget.

Should I Buy or Lease?We know how exciting it can be to see your dream car in the Pacific BMW lot, and we want to help you get it in your Glendale driveway. You may be considering your finance options when it comes to buying vs. leasing. Read on below to explore the benefits of both buying and leasing, and you’ll have a better idea of which option works best for your current budget and lifestyle. If you have any other questions, don’t hesitate to contact our finance team for more information, current vehicle specials, or lease finance offers. 

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800 S Brand Blvd • Glendale, CA 91204

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Pacific BMW

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