Here Are Some of Our Favorite Benefits of Leasing a BMW

There’s no wrong way to enjoy a BMW. Bringing an incredible combination of stunning power and gorgeous luxury, everyone can find something they love about a BMW. That being said, there are different ways to enjoy these luxurious rides, particularly when figuring out the right type of financing for your situation. For many people, buying a BMW outright (or through an auto loan) is the right choice since, more than other luxury brands, the prestige of a BMW will last you for a long time.

On the other hand, leasing your BMW may be the perfect option if you aren’t looking to own your BMW and don’t want to make any long-term commitments. As you explore different BMW lease deals, you’ll quickly realize there are some great advantages and perks to leasing your next BMW, and things are simple and straightforward when your lease comes to an end. Let’s look at some of the benefits of leasing a BMW and some programs you can take advantage of!

General Leasing Advantages and Benefits

Before we get into some of the specific programs BMW offers, let’s quickly go over why a lease works so well for some drivers. As you know, the main difference between leasing a vehicle vs buying it is ownership and how long you’re paying to use a vehicle. With a lease, you’d only worry about paying for a BMW for a few years while you’re actively driving it. Owning the car they drive is very important for some people, so a lease doesn’t work for them. If that’s not something you care about and you prefer to avoid a long-term commitment with your car, then a lease could be perfect.

One of the biggest benefits of leasing a vehicle is that as long as you take proper care of it, you don’t have to worry about what happens to the vehicle in the future. Even the best cars worldwide will eventually have parts worn down, requiring constant replacement. That’s not a big deal in the short term, and long-term costs for engine work or major repairs won’t concern you when you’re on a lease. Leasing also means enjoying the newest features and options on a new model, with the freedom to keep looking forward to new model years and not worrying about getting your money’s worth out of an old car lacking the latest innovations.

Pre-Pay Program

Since BMW models are such a popular option for leasing, BMW offers a number of programs and special features to enhance your experience. One of our favorites is the available Pre-Pay Lease Program that lets you pay your lease upfront rather than making ongoing monthly payments. Without worrying about those monthly fees, you can just relax and drive your BMW every day for several years. You also get to take advantage of discounted payments and greater flexibility for your lease terms and conditions when you choose this program, so consider if it’s right for you.

Security Deposit Options

Suppose you’re not interested in pre-paying your lease, but you want to keep your monthly payments as low as possible. In that case, you can take advantage of BMW’s security deposit options. You can put down up to seven security deposits on a BMW you lease, reducing your monthly payments to a more manageable price. Perhaps best of all, you can even transfer the balance of a security deposit from one lease as it ends to a new one, so you don’t have to worry about making new deposits as you go from one lease to another. This is just one more way BMW makes it easy to get the most from your vehicle.

Mileage Adjustment Program

One thing about leases that some people worry about is mileage limits. You can discuss and negotiate this when leasing your vehicle to ensure you have enough miles each year for your typical driving needs, but BMW is flexible with adjustments to your mileage even after you sign your lease. Even if you plan carefully, it’s still easy for life to throw a curveball at you, and sometimes, you need more miles than your lease allows. With BMW’s Mileage Adjustment Program, you can easily purchase additional miles at a discounted rate. You can use this program right up until the day before you return your vehicle, making it easy to ensure there aren’t any extra fees or issues when your lease ends.

Unused Mileage Loyalty Program

Speaking of mileage, if the opposite situation happens and you get a lease with more miles than you end up using, then BMW helps with that situation, too. If you have a significant amount of unused miles at the end of your lease, then a credit or refund can be applied to your account. This is perfect if you plan on going from one lease to another since it can make your subsequent lease even more cost-efficient. This credit can be applied even if you have an outstanding balance on your previous lease due to repairs or other issues, so you’re not penalized and can get the most from the miles you paid for.

Lease Extension Options

Inevitably, every lease ends, but BMW makes it easy to figure out everything you need when that happens. However, before we get to that, BMW also offers lease extension options in some situations. This can let you extend the period of your lease so you can continue enjoying your vehicle a bit longer. There are different terms and options for this, however, so it’s important to know what is possible as your lease comes to a close.

Vehicle Return Guidance

Of course, if you’re not interested in extending your lease and you’re ready for it to come to an end, then we’ll be here to guide you throughout the vehicle return process. We ensure there are no surprises or unexpected hassles; our goal is to make everything go as smoothly as possible. You’ll be contacted ahead of time to schedule a complimentary pre-inspection to check your vehicle and see if any issues need to be addressed.

This gives you time to take care of any repairs ahead of time that might need to be done as part of your lease agreement. Then, when the time comes, you bring your vehicle to us, and we’ll do a brief final inspection. Once everything looks good, there is no further obligation on your part. You can simply walk away, look at a new BMW to lease, or even purchase the model you’ve been driving if you find that you can’t part with it—no matter which option you prefer, we make it easy.

Is a BMW Lease Right for You?

With everything an amazing new BMW car or SUV offers, leasing one can be the perfect way to enjoy one without making a long-term decision on your next ride. BMW makes figuring out a lease and enjoying everything it offers for a long time as simple as possible, so you can just focus on driving and getting the most from your car. Even if you don’t think you’ll take advantage of these BMW lease programs, you’re still looking at a fantastic vehicle that is sure to leave an impression. BMW Financial Services will work with you to make figuring out a lease as simple and rewarding as possible and ensure you drive away in a vehicle you love.