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Leasing vs Buying

Leasing vs Buying a New Car

Why Should You Lease a New Car?

If you like to drive newer, safer, more reliable cars, trucks, or SUVs, but prefer not pay a large down payment every 3-4 years, and also don’t travel an excessive amount yearly, then a new car lease could be better for you. Leasing is best for those who prefer to bypass the hassle of buying and selling every time they want to get into a new car or truck.

Why Should You Buy a New Car?

On the other hand, if you prefer long term automotive relationships with a larger sense of commitment and ownership, then buying may be what’s best for you. Car-buying is typically best for consumers who will not mind driving the same car, truck, or SUV for over five years or even until it’s no longer fit for the freeway.

Leasing vs Buying: Which Is Right for You?

Being aware of the pros, cons, and overall benefits of leasing vs buying a car is critical. Be sure to acknowledge factors such as vehicle ownership, monthly payments, repair costs, and potential savings when weighing the pros and cons of the best new car, truck or SUV financing type for you.

Buying: Ownership vs Leasing

When it comes to vehicle financing, new vehicle ownership absolutely comes with many well-known advantages, most associated with complete ownership of the car, truck or SUV. You may not realize, however, there are also a few great advantages to leasing, as well. It’s important to consider all financial aspects including interest rate, down payment, monthly payments, term length, buyout payments, depreciation, and maintenance & repair costs, before making a decision. A thorough examination of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the perfect choice between leasing and buying a new car, truck, or SUV.

benefits of leasing vs financing a new car

Monthly Payments

Vehicle lease payments are oftentimes less expensive when compared to car financing and loan payments as the standard lease layout is basically renting with the option to buy out at the final payment of your lease term. Just consider when leasing that you’re going to need a good credit score, and will be required to carry comprehensive and collision insurance, although the same can be said for the lowest rate auto loans. Though it can add to your monthly payments, it is also better to choose a model with the features you need or want, as personal satisfaction is often priceless.

why leasing a car is smart

Maintenance & Repair

Auto leasing often includes regular vehicle maintenance & repair. It is important to keep this in mind when projecting monthly costs of leasing vs ownership. No matter which make and model you buy, mechanic bills are an uncertain cost that can rapidly add up. And for those who are not certified mechanics with a hydraulic jack and full toolset in the garage, leasing might be the best option for peace of mind.

analysis of lease vs buy a car

Investment vs Savings

Generally speaking, a new car lease saves money in the short term with lower monthly payments, while buying earns you a long term investment, meaning full ownership of the value of the car, truck, or SUV at the time it is traded, sold, or paid-off. For best value on a lease, avoid lease return fees for terminating the vehicle lease early, going over mileage, or putting on excessive wear and tear. For maximizing investment on a financed/purchased vehicle, you can pay it off quickly and also avoid excessive wear and mileage.


Lease Buy
New Vehicles Available Available
Pre-Owned Vehicles Not Available Available
Vehicle Customization Not Available Available
Poor Credit Financing Not Available Available
APR % Credit-Based Credit-Based
Ownership No Ownership Pride of Ownership
Down Payment Smaller Down Payment Larger Down Payment
Monthly Payment Smaller Monthly Payments Larger Monthly Payments
Savings/Investment Short Term Savings Long Term Investment
Finance Term Approx. 2-4 Years Approx. 3-6 Years
Maintenance & Repair Costs Typically Included Not Included


BMW Lease and Finance Offers In Houston TX

Advantage BMW Midtown knows that choosing the right BMW car and financing option is never easy. Our team of experienced BMW lease and finance specialists are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location in Houston, TX. We look forward to serving you.


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DealerRater Jul 21, 2021

Advantage BMW staff are curious, knowledgeable and work with you to meet your needs. I recommend this dealer ship for all your w needs, thank you

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DealerRater Jul 21, 2021

John Garza does a great job taking care of his customers in the service department. I also like the fact that a loaner car is often available.

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DealerRater Jul 21, 2021

Awesome. Nuff said. 25 word minimum is ridiculous. I don’t have twenty five words to say. I have only used 17 words. Now 23.

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DealerRater Jul 17, 2021

The very best caring service that I have ever found. Robert Garcia is an extremely helpful and caring service representative that I have used for years.

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DealerRater Jul 15, 2021

Great Service! Cory Smith was very professional and kept me up to date on the service of my vehicle. Jay Ramirez was tremendous help in assisting in making my experience with BMW service a great experience.

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DealerRater Jul 15, 2021

I love the Midtown service department, and the new remodel is beautiful! They are very attentive to the customer, working on my third BMW! I would highly recommend 👌

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Cars Jun 16, 2021

John is a very helpful and competent service advisor. Diagnosis was thorough and price was fair. They are conscious of trying to recognize that there are other maintenance options out there. Very accompdating.

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Cars Jun 12, 2021

I always receive the best customer service hello when I come into the dealership. Quick and easy process getting in and out of the dealer.

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Cars Jun 11, 2021

Excellent experience. The process was smooth. Service advisor; Barry Thomas was great. He was professional, knowledgeable and very accommodating. Highly recommend this place to all.

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Cars May 28, 2021

I was very pleased with quality of repairs. The facility is easily accessible and always clean. Although my vehicle is a 2007, the quality of detail and attention to it is excellent. The customer service provided by my Advisor, Matt Phillips continues to be excellent.

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Cars May 27, 2021

Very happy with my service advisor she was in too of everything things that I didn’t even take into consideration. Kiara is great I had peace of mind knowing my car was under her care.

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Cars May 26, 2021

I am so grateful for my service advisor, Barry Thomas. He was extremely professional, knowledgeable, attentive and thoughtful. He really helped me out and I cannot thank him enough. Fantastic service. Love the remodel of the service department. Thank you!

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1305 Gray St • Houston, TX 77002

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Open Today! Sales: 9am-6pm

Open Today! Service: 7am-5pm

Open Today! Parts: 7am-5pm

Advantage BMW Midtown 29.7470972, -95.3681523.