Buy vs. Lease near West Springfield

When you've decided to make a brand new or used BMW your next vehicle, the decision to buy or lease is an important one to make. Both have their advantages, and each option exists to fit the diverse needs and desires of different drivers. Hence, we leave it up to our customers to decide which path is better for them and act accordingly. Our finance department get you anything from an affordable 36-month lease to individually tailored auto loans near Amherst that fits comfortably into your budget.

Buying a New Vehicle

If you're the type with a long-term vision for what you want from your next vehicle, then financing is the way to go. This is the more traditional way that drivers around Chicopee and Springfield MA go about getting a new vehicle and for a good reason. Simply put, financing a vehicle means that you own it and you can do whatever you want with it. Before you drive off the lot of the dealership, you'll have to make a down payment and cover the cost of car insurance as well as any additional taxes. These taxes are typically at a higher rate than for lessees as are your monthly payments.

Benefits of Financing

However, these higher payments come with a plethora of exclusive benefits. The most important of which is the fact that once you pay off your loan, your budget gets a huge boost from having one less thing to pay off. Plus, the monthly payments allow you to build equity in the car, and you'll have complete freedom to keep the car or trade it in for an upgrade if you so choose. There are few assets more valuable in life than a paid-off car in good condition.

Also, by financing a vehicle, you have a chance to have lower insurance rates as well as no limits on the number of miles you can drive. And if you're the type that likes to customize your ride for a little self-expression, you have no restrictions on vehicle modifications.

Leasing a New Vehicle

Say you aren't sure about the idea of spending the next ten years of your life behind the wheel of the same vehicle. That's perfectly fine too; that's why we offer the best car lease deals around Long Meadow. Leasing is a lot like renting, in that you pay for the use of the car. You're not paying off the entirety of the MSRP, merely the years that which it will be in your care.

Benefits of Leasing

The primary benefit of leasing revolves around lower overall costs. First-time lessees will immediately notice decreased monthly payments, allowing them more immediate freedom within their budget. Car leasing also requires lower down payments upfront, since the assumption is that the vehicle will be returned to the dealership down the line.

Vehicle leasing is also made to be incredibly convenient for you. Maintenance costs are quite low since you are driving a new vehicle. And even if you do find yourself in need of auto service, you're still covered by the manufacturer's warranty that comes with the vehicle for those who finance. Plus, if you own a business and plan to lease a vehicle, you'll get better tax deductions with a leased vehicle than a financed one.

Of course, we'd be remiss if we didn't mention the fact that leasing vehicles back to back means that you'll always have access to the latest and greatest that BMW has to offer. And since BMW is one of the few luxury manufacturers in the world that constantly innovates on their designs, you'll always feel like you're getting a true upgrade with every lease.

So, what are you waiting for? Apply for financing online and then stop by BMW of West Springfield to get that much deserved upgrade.