Cost comparison: Leasing a BMW i3 versus buying

Insurance Costs

When comparing the costs of leasing a BMW i3 against buying one, it's essential to take into account insurance expenses. Insurance rates for a BMW i3 can vary depending on factors such as the driver's age, driving history, and location. For a leased BMW i3, insurance costs could be slightly higher compared to owning the vehicle outright. Leasing companies often require higher coverage limits, which can impact insurance premiums. On the other hand, when you buy a BMW i3, you have more flexibility in choosing your insurance coverage, potentially allowing you to find a more cost-effective option.

Additionally, it's worth noting that insurance costs for electric vehicles like the BMW i3 can sometimes be higher than for traditional petrol cars. This is due to the higher repair costs associated with electric vehicles, as well as the specialized training required for mechanics to work on them. When considering whether to lease or buy a BMW i3, it's important to obtain insurance quotes for both scenarios to get a clear picture of the overall expenses involved.

Comparing insurance rates for leasing and buying a BMW i3

When comparing the insurance rates for leasing and buying a BMW i3, it's essential to delve into the specifics that differentiate the two options. Insurance premiums for a leased BMW i3 typically tend to be lower compared to a purchased one due to the leasing company often requiring a comprehensive insurance policy. This can potentially result in cost savings for those leasing the vehicle. However, it's crucial to carefully review the terms of the insurance policy provided by the leasing company, as it may have limitations and requirements that could impact the overall coverage and cost.

On the other hand, those who choose to buy a BMW i3 outright may have more flexibility in selecting their insurance coverage, which could lead to variations in premiums based on individual circumstances and preferences. When purchasing a BMW i3, it's advised to shop around for insurance quotes from different providers to ensure the best coverage at a competitive rate. Additionally, factors such as the driver's age, driving history, and location can also influence the insurance rates for a purchased BMW i3.

Maintenance Expenses

When comparing the maintenance expenses of leasing versus buying a BMW i3, it is essential to consider the potential costs involved over the term of ownership. With a leased BMW i3, routine maintenance and repairs are typically covered by the manufacturer's warranty during the lease period. This means that lessees may benefit from reduced out-of-pocket expenses for common services such as oil changes, brake inspections, and tire rotations.

In contrast, owners of a purchased BMW i3 are responsible for all maintenance costs once the vehicle warranty expires. This can result in higher expenses for repairs and replacements as the car ages. It is important for buyers to factor in these long-term maintenance costs when making a decision between leasing and buying a BMW i3.

Overview of maintenance costs for a leased vs. purchased BMW i3

When it comes to maintenance costs, there are distinct differences between leasing and purchasing a BMW i3. For leased vehicles, maintenance is typically covered under the manufacturer's warranty during the lease period. This means that lessees are not responsible for most routine maintenance expenses such as oil changes, filter replacements, and brake inspections. However, lessees may still be required to cover some costs like tyre replacements or any damages not considered normal wear and tear.

On the other hand, owners of a purchased BMW i3 are solely responsible for all maintenance costs from day one. This includes regular servicing, repairs, and any unforeseen mechanical issues that may arise. While maintenance costs for a purchased vehicle can potentially be higher in the long run compared to a leased car during the warranty period, owners have the freedom to choose where the vehicle is serviced and how often maintenance is performed. Ultimately, the choice between leasing and buying a BMW i3 should factor in the potential maintenance expenses over the duration of ownership or lease.

Mileage Restrictions

When it comes to leasing a BMW i3, one important factor to consider is the mileage restrictions that typically come with the lease agreement. Leasing a car often involves a set limit on the number of miles you can drive each year without incurring additional fees. For individuals who have a long commute or frequently take road trips, these restrictions could pose a challenge and lead to extra costs at the end of the lease term.

It's crucial to carefully evaluate your driving habits and estimate how many miles you typically cover in a year before deciding whether leasing a BMW i3 is the right choice for you. Going over the mileage limit specified in your lease can result in excess mileage charges that can add up quickly. On the other hand, if you don't drive extensively and can stay within the mileage restrictions, leasing could still be a cost-effective option for enjoying the luxury and eco-friendly benefits of the BMW i3.

Considerations for mileage limits in leasing a BMW i3

Deciding on a lease agreement for a BMW i3 involves careful consideration of mileage restrictions. Leasing a car typically comes with a set limit on the number of miles you can drive each year, and exceeding this limit may result in additional charges at the end of your lease term. It is crucial to assess your average driving habits to determine if the mileage restrictions align with your needs.

After evaluating your daily commute, weekend excursions, and any long-distance travel plans, you can negotiate a lease agreement that accommodates your expected mileage. If you believe that you might exceed the standard mileage limit, discussing this with the leasing company can help you explore alternative options. Being mindful of mileage restrictions ensures that you can fully enjoy your BMW i3 lease without any unexpected costs or limitations on your driving experience.


What are the insurance costs for leasing a BMW i3 compared to buying one?

The insurance costs for leasing a BMW i3 are typically lower compared to buying one, as the leasing company may include insurance in the lease agreement.

What are the maintenance expenses like for a leased BMW i3 versus a purchased one?

Maintenance expenses for a leased BMW i3 are usually lower than for a purchased one, as the warranty provided during the lease period covers many maintenance costs.

Are there any mileage restrictions to consider when leasing a BMW i3?

Yes, there are mileage restrictions when leasing a BMW i3. It is important to be aware of these limits and any excess mileage charges that may apply if you exceed them.

How do insurance rates differ for leasing and buying a BMW i3?

Insurance rates for leasing a BMW i3 are often lower than for buying one, as the leasing company may have negotiated insurance deals that are more cost-effective than individual policies.

What should I keep in mind regarding maintenance costs for a leased vs. purchased BMW i3?

When comparing maintenance costs for a leased vs. purchased BMW i3, it's important to consider that maintenance expenses are typically lower for a leased vehicle due to the warranty coverage provided during the lease period.

Related Links

How to find BMW i3 lease deals
Comparison between leasing a BMW i3 and other electric car models
Customer reviews and experiences of leasing a BMW i3
Maintenance and servicing for the BMW i3 lease
Residual value and lease-end options for the BMW i3