Have you been anticipating getting into a new BMW car or SUV? While you may have your heart set on one of these stunning luxury vehicles, you may not quite be ready for the investment. That’s where a BMW lease at BMW of Silver Spring comes in.
The Benefits of Leasing
The biggest benefit of leasing is having a lower car payment. When leasing, you are only paying for a portion of a car’s value, making your monthly payments smaller. You can also avoid the hassle of selling with a lease, as the vehicle is technically owned by the dealership. When your lease is up, simply bring your vehicle back to the dealership to trade in, or you can choose to buy it.
How Do You Lease a BMW Car?
We start by collecting some basic criteria including your income, debt-to-income ratio, and your credit score. We send that information to our circle of secure lenders to find the most competitive financing options for you. Most leases require a cash down payment, which can be made using your trade-in value instead. Once approved, it’s time to select your BMW car or SUV.
How Long Does a Lease Last?
The length of your lease, or term, is determined by you and your lender. A shorter lease is anywhere from 12 to 24 months. A short lease is beneficial for customers unsure of their auto needs or not wanting to commit to one vehicle for too long. It also allows you to continuously be getting into a newer vehicle. A longer lease can last up to 60 months. A longer lease also gives you a lower monthly auto payment.
Ready to get started? Check out our BMW lease offers and let’s get you into a new BMW vehicle today!