Should I Buy or Lease?

Finance Documents for Car
 
If you are shopping for a new vehicle in Normal or Decatur, you have the option to buy or lease at most dealerships. Check out our guide to the benefits of financing a car and leasing a car at BMW of Bloomington to help determine which option is the best for you.

Lease vs. Buying: Benefits of Buying

  • No Mileage Restrictions: If you drive your vehicle every day, be sure to estimate the number of miles per year you think you’ll be driving before choosing to lease. If you know you will go over the mileage limit, buying is probably the better choice for you since there are no mileage restrictions.
  • Total Ownership & Customization: There are also no limits to what you can do with your car when you buy, from adding accessories, upgrades, and modifications to decorating it and more.
  • Ability to Sell: Without a lease agreement, you can sell your vehicle at any point after you purchase it. You don’t have to wait until a lease term ends.
  • Financing Options: Leasing is a fairly simple process, but if you want to finance a car even with bad credit scores, you may have the opportunity to refinance your loan if your credit score improves.
  • Less Cost Over Time: Over a longer period of time, it typically will cost less to purchase and own a vehicle than to go through several lease terms for a new car.

Lease vs. Buying: Benefits of Leasing

  • Lower Payments: Monthly payments and down payments are typically lower for a car lease than a car purchase.
  • Less Sales Tax: In most states, the sales taxes can be significantly lower for a lease than for an outright purchase.
  • Trade-Ins: Trading in or upgrading your lease at the end of a lease contract is easy–you pay any outstanding fees and get your next vehicle at your local dealer.
  • Great Coverage: Enjoy excellent warranty coverage with a lease as long as you stay within the mileage limit.
  • Options: Stay up-to-date with the latest features and technology with each lease of a new vehicle.
  • High Approval Rate: It is much easier to get approved for a lease than a loan, even if you have less-than-perfect credit or no credit.
Car Key and Pen on Contract

Explore Leasing and Financing Options at BMW of Bloomington

Check out our BMW leasing and financing deals, and be sure to contact us for a test drive or to ask more questions about your options!

More From BMW of Bloomington

  • Your Guide to the BMW X5 Accessories

    The 2019 BMW X5 is one luxury midsize SUV that has it all! Although it’s popular with drivers from all walks of life, from Pekin to Champaign and beyond, it’s easy to make it your own with a few carefully chosen BMW X5 accessories. Whether you’re hoping to protect your investment, upgrade your interior, or…

  • 2019 BMW X3 Towing Capacity

    Normal drivers looking for a weekend out in Comlara Park can move more with the 2019 BMW X3 towing capacity of up to 4,400 pounds. That’s powerful enough to pull a pontoon boat and trailer, with the X3 features, style, and performance capabilities you’re excited about. 2019 BMW X3 Overview BMW X3 for Sale BMW…

  • 2019 BMW X7 Price & Configurations

    Considering a three-row luxury SUV in Normal but having trouble narrowing it down? Explore the 2019 BMW X7 starting at $73,900 MSRP, and take a closer look at BMW X7 price points and configurations. When you’ve seen your favorite X7 Sports Activity Vehicle® option for your needs, contact your local BMW retailer for a test…

Saved
Saved Vehicles ×

SAVED VEHICLES

You don't have any saved vehicles!

Look for this link on your favorites:

Save

Once you've saved some vehicles, you can view them here at any time.

Contact
Contact Us ×

(309)-661-2691

Call Now

1604 Commerce Pkwy • Bloomington, IL 61704

Get Directions

Today's Hours:

Open Today! Sales: 8:30am-8pm

Open Today! Service: 7am-6pm

Open Today! Parts: 7am-5pm

BMW of Bloomington

1604 Commerce Pkwy Bloomington, IL

Phone: (309)-661-2691

http://maps.google.com/?q=1604%20Commerce%20Pkwy%2C%20Bloomington%2C%20IL%2061704

Parts

Phone: (309) 439-9483

1604 Commerce Pkwy Bloomington, IL

Sales

Phone: (309) 271-1306

1604 Commerce Pkwy Bloomington, IL

Service

Phone: (309) 948-6495

1604 Commerce Pkwy Bloomington, IL
40.4573646 -88.9743698
[schema type="organization" orgtype="LocalBusiness" url="www.bmwofbloomington.com" name="BMW of Bloomington" description="" street="1604 Commerce Pkwy" city="Bloomington" state="IL" postalcode="61704" country="US" email="esmith@bmwofbloomington.com" phone="(309)-661-2691" logo="https://di-uploads-development.dealerinspire.com/bmwofbloomington/uploads/2018/07/BMWofBloomingtonOGImage.png"]
BMW of Bloomington
BMW of Bloomington
1604 Commerce Pkwy
Bloomington, IL, 61704 US
(309)-661-2691
https://di-uploads-development.dealerinspire.com/bmwofbloomington/uploads/2018/07/BMWofBloomingtonOGImage.png
BMW of Bloomington 40.4573646, -88.9743698.