At Peake BMW, we offer a variety of attractive lease and finance offers, which may complicate your decision-making process as you choose between buying and leasing. But you’re in luck, because our team of experts can help you pick the option that meets your needs. Learn about how each avenue can benefit you by reading on!

When you purchase a car, you have to foot its total sticker price by either securing a loan or paying cash upfront. As such, it can be a hefty financial commitment not everyone can afford. However, you can still buy used to stay within budget and secure a mode of transportation to take you from place to place in Metairie. One of the greatest benefits of purchasing a vehicle is the ability to drive it as much as you want without being constrained by a mileage allowance. Also, having full ownership of a model enables you to make modifications to it as you please to improve its performance, styling, or both.

At our dealership, brand-new BMW models are available for you to lease. Because these contracts are temporary, you are responsible for your chosen model’s expected depreciation rather than its total price. As such, payments for leases tend to be lower than those of financing agreements. One thing to keep in mind is that lessees are subject to mileage limits. However, this figure can be customized to your preference, and the typical allowed amount can easily meet average travel needs. Since you also have the option of buying out your lease or returning it at the end of your contract, it’s a good way to test the waters of a model you’re not 100 percent sure about.

Are you interested in BMW’s lineup of EVs but feel hesitant to pull the trigger on one because of your unfamiliarity with electric mobility? Then leasing an iX or i7 from our dealership can be a great way to experience it for two to four years to see if you like it! On the other hand, if you are on Interstate 10 quite often due to a job that demands lots of travel, buying a car may make more sense, since you won’t be bound to a mileage limit. Like this, the decision between buying and leasing depends on your individual lifestyle, budget, and other factors. Whichever option you choose, our team members can help you find the perfect car for your travels to Lakeshore Park.

* Leases typically last from two to four years, while financing contracts can go from four to seven years.