After all the research, questions, and test drives, you've finally come to a decision on your new BMW vehicle. Now, though, you've gotta make one of the most important decisions: Should you finance or lease the vehicle? Which financial option is right for my needs? These are tough questions and it can be difficult to figure out which option, each with its own advantages and compromises, is the right one for you. For those who may be unsure of which route to take or what are the advantages that come with each option, don't worry, you've come to the right place. Whichever option you choose, our financial experts are here to help you get the best plan for your needs and desires. Allow us to lay out what to expect when buying or leasing a new vehicle from Mckenna BMW.

Financing at McKenna BMW

The Benefits of Buying

If you choose to purchase your new BMW model, there are some advantages:

  • You gain more flexibility and power over your decisions since you own the vehicle. Termination fees and other things that limit your flexibility when you lease don't apply to your purchase.
  • When you purchase a vehicle, you don't have to concern yourself with the mileage limits that accompany a lease. Drive your new car all over the country if you like, it's yours outright.
  • If you choose to take out a loan to purchase the vehicle, once you've paid off the loan you own the vehicle outright and have total ownership and flexibility. Sell it and earn some money back, if you'd like.

The Benefits of Leasing

Leasing, on the other hand, has its own unique advantages such as flexibility and affordability. Some of the more popular benefits of leasing include:

  • Leasing plans are very customizable from the down payment to the length of the lease to the mileage limits and even more.
  • Leasing a new vehicle generally means you'll have to pay less monthly for your new BMW. If you're not worried about mileage limits, leasing is a great opportunity to save some money.
  • You can also change your car every couple of years when your lease expires without worrying about selling your old car or buying a new one. If you like to keep things fresh and new, leasing may be the right option for you.

To learn more about the financial options and plans available for your next new or used luxury vehicle, contact our staff or stop by our dealership in Norwalk, California, today.