Buying vs Leasing Your Vehicle in Boise, ID
At Peterson BMW, we know that financing a new vehicle can be a daunting task. That’s why we strive to make the auto finance process as smooth as possible. We’ll help you determine whether a traditional auto loan makes the most sense for you or if an auto lease is a better option for your lifestyle and budget. To learn more about the differences between buying and leasing a BMW vehicle in Boise, Idaho, read below!
(208) 378-5980
Benefits of Leasing vs Buying a BMW from our Boise, ID BMW Dealership
| Benefits | Leasing | Buying |
| Ownership | x | |
| Lower Down Payment | x | |
| Lower Monthly Payment | x | |
| No Mileage Limit | x | |
| Vehicle Customization | x | |
| Easier Trade In | x |
Find a BMW Model to Lease in Boise, ID
Financing a BMW Vehicle
When most people are hunting for their next car or SUV, they typically consider taking out an auto loan to help pay for the vehicle. Car loans are outstanding for those seeking to upgrade their vehicle to a BMW X5 or BMW 5 Series and want the freedom to do as they please with their car. With every loan payment, you gain more equity in the vehicle as you continue to pay the lender the remaining amount you owe. When you buy a vehicle, there are no mileage restrictions or guidelines on making alterations to the car. The team at Peterson BMW is happy to help you decide if applying for an auto loan makes the most sense for your driving habits and budget. To learn more, give our Boise, Idaho auto finance center a call today or continue reading for more information on our leases.
Leasing a BMW Vehicle
Sometimes the idea and responsibility of vehicle ownership sounds overwhelming. When you choose to lease a BMW vehicle, you’re essentially making rent payments to the lender. Your lease payments are determined by the estimated amount of depreciation over the term of your lease. Since you’re not paying for equity in the car, your down payment and monthly lease payments tend to be less than that of an auto loan. At the end of your lease, you can choose to trade in your BMW 3 Series or BMW X7 for a different model, buy the vehicle, or turn it into the dealer and walk away. A lease can be a great option if you prefer to trade in your car every few years for a newer model. However, if you drive a considerable number of miles each year or like to make alterations to your car, leasing might not be the best choice. To learn more about the lease program or for information regarding our current lease offers, give the team at Peterson BMW, located in Boise, ID, a call.
Choose the Right BMW Lease for You
Whether you choose to finance a BMW X3 or lease a new BMW 4 Series, our team of auto finance professionals at Peterson BMW is here to help. We’ll guide you through the differences between buying and leasing a vehicle, assess the value of any trade-in vehicle you have, and even discuss bad credit financing options if you need extra assistance. We aim to help you find your ideal car and a payment plan that works for you. To get started right away, submit a secure finance application online or swing by our Boise, IDÂ finance center for more information. We look forward to speaking with you!
