What is the shortest BMW lease available? – BMW of Norwood, serving Dedham and Franklin

There are several reasons you might choose a BMW lease over a loan. For example, leasing is typically less expensive than financing over the same time period due to lower monthly payments and less tax. And thanks to a lease's short-term commitment, it's an excellent option for drivers from Quincy to Westwood looking to upgrade to the latest model sooner.

The majority of leases are offered for three years or more. Leasing companies figure this time frame into the residual value calculation, which is what the vehicle is expected to be worth at the end of the lease contract. Since most vehicles experience their most significant depreciation period in the first couple of years, a three-year term typically offers the best balance of cost to the lessee and residual value to the lessor.

However, some drivers may be looking for an even shorter lease commitment. For example, if you'll be relocating temporarily for work or military deployment, a shorter lease provides you reliable transportation without taking a vehicle from your family back home. But is it possible to lease a car for less than three years? The answer is yes, but you should expect higher monthly payments as a way for the leasing company to balance the effect on the vehicle's residual value. In general, the shorter the lease, the more your monthly payments will be. While manufacturer-sponsored leases of fewer than two years are uncommon, the best way to find the short-term lease that works best for you is to contact your BMW's sales manager.

If you're looking for a short-term BMW lease near Canton or Needham, MA, reach out to BMW of Norwood to speak with our sales manager about leasing options and the latest new BMW specials. We'll be happy to assist you.

Source: blog