Vroom Vroom
Should you lease, buy, or get a pre-owned car? Momentum BMW explains.
It's exciting to get a new set of wheels, but sometimes the best choice for you might not actually be "brand spanking new." There are several purchasing options when it comes to cars, from leasing to certified pre-owned, and Momentum BMW is here to help explain them all.
Buying new
There's nothing like that new-car smell, right? From an (almost) untouched odometer to the knowledge that your new ride is yours and yours alone, there's a lot of satisfaction when it come to owning a new car. Your vehicle will come with a warranty, and if you drive a lot, this is highly beneficial as you stack up the miles. But it's important to keep in mind depreciation and that a vehicle's value does decrease after purchase.
Certified pre-owned (CPO)
This program became popular when dealerships realized low-mileage trade-ins and lease returns were coming back in excellent condition, and now they pass those savings on to you, the buyer. CPO is as close to late-model brand-new as possible, with low mileage and no record of significant damage, and Momentum BMW does everything it can to ensure you're getting a top-notch vehicle for less than the price of buying new.
As sales manager Gilbert Quijada expains, Momentum BMW CPO vehicles undergo a 160-point inspection performed by BMW certified master technicians. They inspect all major mechanical elements — everything from the electrical system to the AC — and if there are any dents or dings in the car's exterior, they take care of fixing that for you.
CPO cars also include a one-year unlimited-mile warranty that kicks in after the third year or 30,000-mile new-car warranty expires. Plus you get five years of BMW roadside assistance at no extra cost.
Momentum BMW has a few specials for CPO vehicles as well, including a loyalty program that rewards those who have already had one or more BMW CPO contracts through BMW Financial Services. With this, you're eligible for a $500 credit to use toward your next CPO BMW.
Leasing
Did you know that over half of current BMW drivers lease? That's because they can continually upgrade their wheels and drive the newest models, all without being tied down to one specific car for the long-term. Leases are better options for people who expect to get a new car every three years or so, and enjoy the most up-to-date technologies.
Leasing is similar to renting, in that you make payments on the vehicle but return it to the dealership at the end of your contract (with the option to buy at a set price, try out another model, or just walk away).
Momentum's new car sales director Cliff Miller explains leasing as "the best way to get the most BMW for your money," because you only pay for the value of the vehicle you use during its lease. And Momentum will work with you to devise a lease that matches your lifestyle, taking into account mileage and length of terms.
Visit Momentum BMW at 10002 Southwest Fwy., call the experts at 855-771-6986, or visit its website to discuss all options for your next car.