How Much to Lease a New BMW near Bridgeport, CT?
You want the best in performance and high quality in a vehicle, and BMW is committed to crafting the best experience among luxury vehicles, offering some of the most stellar performances for those who consider themselves to be thrill-seekers. Maybe you’re not sure you want to commit to purchasing a BMW, and that’s why leasing is a fantastic option.
At BMW of Bridgeport, when you lease a BMW vehicle with us, we promise to make every second fun, rewarding, and stress-free, all thanks to the experience guided by our elite sales team and financing experts. If you’re wondering how much to lease a new BMW, we are here to help. We encourage you to contact us with any questions or concerns you have about leasing a new BMW or about anything related to financing!
How Much to Lease a New BMW – How Do Leases Work?
Before you ask the question of how much to lease a new BMW, it is important to have a solid understanding of how the leasing process actually works, and how it differs from purchasing a new BMW.
Leasing can almost be thought of as an “extended rental period,” with a certain timeframe set in place. Once the terms of the lease are up, you then return the BMW vehicle you leased to the dealership where you initiated the lease agreement. In some cases, you may have the option to officially purchase the BMW you leased.
Leasing is ideal for those who may be unsure of whether they want to commit to buying a new BMW, and like to “switch it up” with vehicles every 2-3 years on average. Depending on the lease terms, some basic maintenance charges may be covered, including oil changes. When you lease, you typically pay the difference between the purchase price and estimated residual value, with interest usually paid just on that amount.
One significant downside to leasing is that you are typically limited to a certain accrued mileage. If you go above this amount of miles, you will need to pay extra when the lease terms end.
How Much to Lease a New BMW in Bridgeport, CT
If you have opted to go the leasing route and you understand how the process works, now is when you might want to know how much to lease a new BMW in Bridgeport, CT. While the exact amount will depend on which model of BMW you want to lease, here is a range of average monthly lease prices, based on particular BMW models.
- 2 Series: $499-689
- 3 Series: $569-749
- 5 Series: $659-1,019
- 7 Series: $1,329-1,629
- X3 Series: $599-789
- X4 Series: $749-909
- X5 Series: $929-1,249
- X6 Series: $1,019-1,279
- X7 Series: $1,119-1,549
- M Series: $1,019-1,999
- BMWi: $929-1,299
Financing vs. Leasing in Bridgeport, CT
If you’re still deciding whether financing or leasing is the best option for you, an important consideration is knowing how long you actually want to drive your new BMW. Leasing is the best choice for those who don’t like to commit to one vehicle for an infinite timeframe and like to switch things up behind the wheel roughly about every 2 to 3 years.
Financing with an auto loan is best for those who feel fully committed to purchasing a new BMW. Auto loans are typically longer than lease periods and usually offer lower monthly payments than with leasing. Once your loan has been paid off, you have the official title and ownership of your new BMW. Unlike leasing, you are not restricted to a certain accrued mileage, and there is no penalty or early termination fee if you decide you want to sell or trade your new BMW before you have paid off your loan.
Schedule a Test Drive in Bridgeport, CT
BMW of Bridgeport is the premier BMW dealership with the best selection of new BMW models you’ll find in the Bridgeport, CT area. We are committed to full transparency and providing the most top-notch service, and we want to lease a new BMW experience to feel rewarding. Now is the time to shop our inventory online or visit our dealership, then get ready to schedule a test drive in your new BMW of choice!