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EV Financing Options at BMW of Tigard

Date: Nov 30, 2023

2023 BMW i7 Electric charging

In recent years, the popularity of electric vehicles has grown substantially, and it is likely that you will see quite a few of them each time you hit the roads of Portland and Tigard. If EV ownership has piqued your interest, you may be wondering whether it is in your best interest to lease or buy an electric car. Our finance department is here to help you explore your EV financing options, so you know whether to buy vs. lease an EV. 

Should I Lease or Buy an Electric Car? 

Our team is often asked, “Should I lease or buy an electric car?” Both EV financing options have their merits, but one may be better suited to your driving needs and budget. Compare whether you should buy vs. lease an EV below.

Advantages of Leasing

Lake Oswego drivers are often drawn to leasing for the lower monthly payments. In the past, leasing an EV was far more popular than financing one because of the rapid advancements in the segment. If you purchased an EV, there was a chance that it would become obsolete well before it was paid off. However, now that so many advancements have been made, this is no longer the case. If you do like driving a brand-new vehicle with all of the latest bells and whistles every couple of years, leasing may be the right choice for you. You can also drive with confidence in Tigard knowing that your vehicle is covered by warranty for the duration of the lease. 

Advantages of Financing

While leasing was often recommended years ago, more drivers are choosing to purchase an EV. Some EVs have been on the market for several years now and have a proven track record of longevity. See why you should buy vs. lease an EV below. 

  • If you choose to finance your ride, you are not restricted by mileage limits. You can drive as much as you want without having to pay a penalty at lease-end. 
  • Financing makes it possible to modify your vehicle to your liking. When you lease, you need to keep your vehicle as close to factory condition as possible. 
  • Financing gives you the freedom to sell your car at any time.

Start Your EV Shopping Journey Today

Now that you are more familiar with your EV financing options, we invite you to our Tigard showroom to experience a new EV in action. Contact us today for additional information.

Dealership Info

Phone Numbers:Sales Hours:
  • Mon - Sat9:00 AM - 7:00 PM
  • Sun10:00 AM - 5:00 PM
Service Hours:
  • Mon - Fri7:00 AM - 6:00 PM
  • Sat8:00 AM - 3:00 PM
  • SunClosed
Parts Hours:
  • Mon - Fri7:00 AM - 6:00 PM
  • Sat8:00 AM - 3:00 PM
  • SunClosed
Collision Center Hours:Special Hours
  • Memorial DayClosed
Regular Hours
  • Mon - Fri8:00 AM - 5:00 PM
  • Sat - SunClosed
BMW of Tigard 45.448678, -122.785815.