Guide to Leasing a BMW
BMW, the pride of Bavaria. The brand delivers an engaging and sporty driving experience across its entire range, from its 1 Series all the way up to the X6. For many BMW lovers, the only way to drive a BMW is to walk into a dealership and purchase one, however – until now that is.
If you love the BMW brand and want to drive a brand-new car, but don’t want resale value and depreciation worries (or maybe you just want to switch into a newer model after a couple of years), then read on to find out more about leasing…
How does leasing work?
You can lease a brand-new car, decide the length of the agreement, the initial payment amount you would like to make & annual mileage allowance and have it delivered to your door.
At the end of the lease agreement, simply return the car by arranged collection. You then have the option to begin a new contract on another brand-new car with new contract terms if you wish. There’s no need to worry about depreciation or selling the car.
As you are not paying the cost of owning the car & hand it back at the end of the lease agreement, the initial payment & subsequent monthly repayments are often much more affordable than the cost of owning a car.
All cars leased with Synergy Car Leasing benefit from manufacturer’s warranty, road tax & breakdown recovery, backed by our 5 Star rated customer experience. Synergy have access to UK BMW stock and can also place factory orders for specific requirements.
How do I choose contract terms and mileage allowance?
Simply decide the length of the lease contract based on how long you would like to keep your car – usually 2, 3 or 4 years, split into monthly repayments.
You can also choose your initial rental amount, which is an upfront payment that is usually the equivalent of between 1 to 12 months rental payments. The higher the initial rental, the lower the monthly repayments.
To choose your mileage allowance, think about how many miles you drive in an average week and then estimate how many miles this will total over a year.
Do I need to maintain and service the car?
You can opt to add maintenance cover to your lease agreement, as an additional fixed monthly cost to cover routine servicing and maintenance costs.
All cars should be maintained and serviced in line with the manufacturer’s guidelines at an approved dealership or garage and be returned at the end of the lease in line with the finance provider’s ‘Fair Wear and Tear’ policy.
Adding maintenance to your agreement provides peace of mind and helps eliminate unexpected costs.
Can I end my leasing agreement early?
Leasing agreements are fixed-term contracts, and therefore to end the lease contract early will require the payment of an early termination fee (usually based on the number of outstanding rentals in the contract) and any excess mileage charges due up to the end of the contract.
So, you like the sound of leasing?
You’re in safe hands when you lease with Synergy Car Leasing. Established since 2006, we offer all makes and models of cars and vans, have achieved the Platinum Trusted Service Award from Feefo for consistent best-in-class customer experience, are 5 Star Rated by our clients and were voted Leasing Broker of the Year 2018-19 by the Leasing Broker Federation.
Get in touch with our friendly team today for more information or to get started with leasing!