Are you ready to get behind the wheel of your next new BMW this October? Well, good thing because we’re ready to help you! But first, we want to share a little leasing knowledge with you before you stop in to see us for a test drive. If this is your first time leasing a new BMW, this week’s blog is most definitely for you. So, sit back, listen up, and let’s get started!

There are many benefits to leasing a new BMW. The number one reason we believe more people are leasing is due to the shorter-term options, as opposed to buying a new vehicle. Think of leasing a vehicle as a long-term rental option, at the end of your lease all you have to do is simply return the vehicle and be on your way! Leasing also has the following benefits:

• Lower repair cost thanks to warranties
• Lower monthly payments compared to buying
• Little to no down payment
• Fewer obligations – simply turn in your keys and walk away at the end of your lease
• You get to choose a new vehicle every few years

The length of a lease can vary depending on what you are looking for and how many miles you plan to drive. Most lease terms typically last between two to four years. When it comes to mileage, the most common are 12,000-15,000 miles/ year. This is a great time to discuss payments with your salesperson. Depending on the length and how many miles you want/ need will depend on what your monthly payment will look like. Don’t forget to check out our monthly specials, often times our customers will find a great fit for themselves while getting to save a little extra money.

A few things to ask:

• Can I transfer the lease later?
• What will the total cost be? Any fees? If so, what are they?
• What is the warranty and what does it cover?
• Do you offer GAP insurance? Is it included?