BMW’s long lineup of sporty rides brings the luxury, agility, energy, and character every shopper wants to see in a high-end performance car. So, it’s perfectly fine if you are so into your BMW car lease and can’t think of anything other than retaining it.
To enable you purchase your leased car, VIP Auto Lease can switch your BMW car lease to financing during or at the end of your lease term. You can also opt for a straight payoff with cash if that’s convenient for you. Either way, the BMW becomes yours, and you can choose to hold onto it or resell it at its current market value. Here’s all you should know about paying to keep your BMW lease.
Lease Buyout And Car Financing, How It Works
Your BMW’s buyout price is the price you pay to buy the car when the lease expires. However, you’ll need to pay the vehicle’s payoff price if you’re looking to purchase the car before the lease expires. Your leased car’s payoff price includes its buyout price plus some of your remaining monthly payments.
In the event of a lease buyout, you can either pay cash or convert your lease to finance using low-interest loans from our reliable auto financing companies.
Advantages Of A Lease Buyout
Here are some of the reasons why you should consider a lease buyout.
- It’s A Car You Trust
Buying a used car is a bit of a risk, especially when you don’t have in-depth knowledge of the car’s history. But unlike other used car buyers, you are purchasing a car you know everything about, and there’s no need to worry about the car’s previous adventures, hidden problems, and anything in between.
- There’s No Better Deal
A lease buyout is always a great deal because the price you pay for your leased car was predetermined from the outset, and with the skyrocketing costs of used cars, there’s no doubt that the same car is worth more today. So, you’ll be saving thousands of dollars buying your leased car, and you are guaranteed to make profits if you resell at the current market price.
- Steer Clear Of Potential Fines
All lease contracts include charges for additional mileage, wear and tear, etc. So if you’ve damaged your leased vehicle or have driven an exorbitant number of miles than your lease agreement permits, buying the car will help you escape these extra charges. Depending on the situation, this is better than paying the charges and buying a random used car.
Ready to buy out your BMW lease? VIP Auto Lease assures you of fast and seamless transactions as well as unbeatable prices. Contact us now at VIP Auto Lease, 1204 Hylan Blvd, Staten Island, NY 10305. 718-477-7888 https://viplease.com/
