Buy vs Lease near Metairie, LA
At Peake BMW, we offer a variety of attractive lease and finance offers, which may complicate your decision-making process as you choose between buying and leasing. But you’re in luck, because our team of experts can help you pick the option that meets your needs. Learn about how each avenue can benefit you by reading on!
Buying
When you purchase a car, you have to foot its total sticker price by either securing a loan or paying cash upfront. As such, it can be a hefty financial commitment not everyone can afford. However, you can still buy used to stay within budget and secure a mode of transportation to take you from place to place in Metairie. One of the greatest benefits of purchasing a vehicle is the ability to drive it as much as you want without being constrained by a mileage allowance. Also, having full ownership of a model enables you to make modifications to it as you please to improve its performance, styling, or both.
Leasing
At our dealership, brand-new BMW models are available for you to lease. Because these contracts are temporary, you are responsible for your chosen model’s expected depreciation rather than its total price. As such, payments for leases tend to be lower than those of financing agreements. One thing to keep in mind is that lessees are subject to mileage limits. However, this figure can be customized to your preference, and the typical allowed amount can easily meet average travel needs. Since you also have the option of buying out your lease or returning it at the end of your contract, it’s a good way to test the waters of a model you’re not 100 percent sure about.
Which Option Is Right for Me?
Are you interested in BMW’s lineup of EVs but feel hesitant to pull the trigger on one because of your unfamiliarity with electric mobility? Then leasing an iX or i7 from our dealership can be a great way to experience it for two to four years to see if you like it! On the other hand, if you are on Interstate 10 quite often due to a job that demands lots of travel, buying a car may make more sense, since you won’t be bound to a mileage limit. Like this, the decision between buying and leasing depends on your individual lifestyle, budget, and other factors. Whichever option you choose, our team members can help you find the perfect car for your travels to Lakeshore Park.
How Long Do Lease and Financing Contracts Last?
- Leases typically last from two to four years, while financing contracts can go from four to seven years.
Dealership Information
Testimonials
“ Linda Swanson was incredibly professional and low pressure. Could not have had a better experience. Thank you Linda and the entire team at Peake BMW! ”
“ Brittney was awesome! She got my vehicle diagnosed same day and had repairs completed within 3. Will recommend her for all your service needs. ”
“ Joe, Adrian, and Chanteile went above and beyond thank you so much for getting me in my new car!!! ”
“ We worked with Milla Augustine on a new X3. She was awesome. Good communication, good price on vehicle, good price on trade-in got us a second key. Overall, probably the best new car experience we’ve had. Adrian Garcia was awesome also. ”
“ Got my car a few weeks ago everyone was so nice Milla was great she done everything we asked and more ”
“ We had a great experience trading in our old BMW for a newer BMW. James handled everything for us and he did a great job of getting us in and out. We recommend Peake BMW to all of our family and friends. Ask for James, he'll definitely take care of you. ”
“ Ecellent experience, professional and knowledgeable. Thank you James McClinton! ”
“ BMW experience was simple and easy! Thanks ”
My experience is always good either Bston you’ve branch
“ My experience is always good either Bston you’ve branch and New Orleans branch. People are always friendly. Very professional and great sales people. I enjoy my trip and now trying to decide on 2026 bmw , I have 2023. All the dealerships treat you very . All the new cars are beautiful All the branches are very well organized and neat and clean. ”
“ Milla was great to work with and helped us order my dream car! She was wonderful from start to finish and even though the car took a bit longer than anticipated it was well worth the wait! ”
“ All My Experiences with Brittney in the Service Department has Been Awesome. ”
“ Big thanks to Cody for following through with an issue that I’ve been trying to get rectified. Thanks for being honest and a man of your word. Looking forward to future business.- K. Lemieux. ”
“ I had the most amazing purchasing experience. Mike and Joe took great care of me and my daughter buying her first vehicle. It was the easiest car purchase I’ve ever done. I am extremely happy with our buy and the process. I’d 100% recommend them to anyone looking. Thank you again for such great customer service and really going above and beyond my expectations. ”
“ Brittney was awesome. Everyone at Peake was super helpful and informative. ”
“ Brittney an outstanding advisor Caring making sure you received the best service current status update. ”
“ I had an exceptional experience working with Milla. From start to finish, she went above and beyond, truly jumping through hoops to make sure I got exactly what I wanted. Her professionalism, dedication, and genuine care made the entire process seamless and enjoyable. I couldn’t be more grateful for her hard work and would highly recommend asking for Milla if you’re looking for outstanding service. ”
“ Quick and easy recall fix, what could be better? Brittney was kind and so professional, remembers everyone who comes through. Even if you bought your BMW elsewhere, you'll be happy you came here for service. ”
“ Brittney was absolutely amazing! ”
“ Brittany Heer was an amazing from start to finish, took her time very informative very cordial just a great breath of fresh air when walking into the dealership to get service was able to explain future needs as well as reasons behind getting them taken care of timely. She focused more on my immediate needs while addressing preventative future needs never felt pressured. Just an all-around great experience. ”
“ (Translated by Google) undefined (Original) Dave was awesome, he addressed all of my concerns, was very helpful, and very friendly. Put me at ease. Peake BMW s service department only adds to how much I love having a BMW ”
“ (Translated by Google) undefined (Original) Brittney was super helpful and knowledgeable and friendly. ”
“ My advisor was really nice ”
“ Just wanted to say how wonderful my service advisor, David, was! ”
“ It was the most pleasant experience. Ludmilla was amazing, accommodating and very responsive. I’d recommend to anyone purchasing a new BMW ”
“ A few months ago, we shopped and bought a beautiful 2025 X1 to replace a 7 year old model. Mila worked with us through every step, making sure we were happy with our purchase. My wife has been extremely happy with her new vehicle, and appreciated the attention Mila provided. Last week, when it was my time to purchase a new vehicle, and after shopping several competing brands, we turned once again to Mila who found me the perfect 2026 530i. Mila knows her vehicles, and learns her customers needs well. Mila guided me through the process again, making sure I got a good value on the vehicle and a fair price on my trade in. Importantly, Mila respected my time and intelligence. Mila is a consummate professional, with an easygoing personality. But don't be fooled, she is a great salesperson who knows how to make a deal that works for her customers and her store. ”
“ Great customer service!! James was super helpful. ”
“ Milla, sales woman was Awesome! Amazing sales experience! ”
“ Don Johnson was awesome to work with for new car ”
“ Milla and the team at Peake was incredibly kind. They made the process so easy and quick! I’m sure I’ll be back 😊 Did I mention how super kind and sweet Milla was? ”
“ Had an amazing experience buying my new X1. Milla in sales made it fun and informative. Mike in finance and the new manager Cory were equally hospitable. This is my second Peake purchase and I will definitely be back ”
“ The process was quick and easy! No back and forth or playing games. This was my first experience with BMW, and I was very impressed! ”
“ It was truly the easiest car buying experience I have ever had! Mila was my sales woman and she went above and beyond to make sure I got exactly what I was Asking for. 10/10 recommend! ”
“ My experience at peake bmw on 10/17 and 10/18 was very pleasant. Everybody was very kind and I was asked if I needed water or snacks a few different times. However I’m here to write a review for client advisor Milla Augustine who went above and beyond pleasing her customer(me) and closing our deal in less than a day. When I asked about carfax reports about the vehicle I was interested in, with no hesitation she gave me the records. There was oil and filter change I requested on the car before driving it off the lot and even on a busy day like Saturday where most people bring their vehicle for service due to convenience of being weekend, she made sure mine was able to get serviced before leaving with my new purchase. She even gave me a ride to enterprise to return my rental vehicle which was a few business down and back. Overall my buying experience with her couldn’t have been more convenient. From the time I first inquired about the car to the time I purchased the car was less than 24 hours and it’s all thanks to Milla’s being so great at what she does! She finished all the paperwork relating to title, registration insurance info etc in a very timely manner. I would say if you are a female and are interested in a bmw at peake, Milla is your person! There’s not enough good things I can say about her and I hope whoever is reading this that’s looking for a car and is in a similar situation I was in, it helps them. Again, thanks Milla!!! ”
“ Brittany was great! Very informative and shared great customer service the entire appointment. ”







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“ James McClunton is a phenomenal salesperson. He really took the time to explain the details of my new X6 ”