Leasing a new BMW is often considered a better decision than buying one. When you lease a car, you’re only going to pay a portion of the total price of it. Moreover, it will cost you less compared to paying off a car loan.

Aside from getting the comfort and driving experience of a luxury car, there are many reasons why you should consider leasing a BMW. The main reason is that the regular rental price is fixed, which makes your budgeting straightforward, with no unexpected hidden costs if you stick to the terms of the lease.

There are normally two types of leasing arrangements: Full Payout and Balloon. Both arrangements offer fixed rentals throughout the lease agreement. With Balloon Leasing, the rentals are lower than the Full Payout Leasing Option. However, you might need to pay more when the lease agreement ends.

If you go for the Full Payout Leasing option, you should first decide which car you want. Then, choose your desired rental period and agree on a deposit amount as well as the regular rental fee. When your agreement ends, you can sell the car to any third party or any authorised BMW dealer in the UK and you can refund the entire proceeds of the sale. If you want to continue leasing your car when the agreement ends, you can pay an annual rental for another leasing period.

The same process goes if you opt for the Balloon Leasing; however, you should also agree to a resale value of your BMW car for the future. In the event that you sell the car for more than the resale value stated in the agreement, you’ll receive the entire proceeds of the sale. If you sell the car for less than the agreed amount, you’ll have to make it up to meet the resale value.