Driving home a brand-new luxury coupe, sedan, or SUV is an extremely exciting event—but is a BMW lease or loan best for you? Both of these financing options have their advantages. Fields BMW Northfield is here to help you make the right decision and get a great package.
The Difference Between a BMW Lease and a BMW Loan
To determine whether a BMW lease or loan works best for you, it helps to know the differences between these two options. Here are the basics:
- A BMW lease allows you to drive your favorite model for a few years and then trade it in for a brand-new one. Leases often last about three years, and there’s generally no down payment required, but there is an annual mileage limit and customization is prohibited.
- A BMW loan means you’ll own the car after the loan is paid off (usually around six to eight years). Generally, down payments are required as a first step for a loan.
The finance package that works best for you might depend on your budget and credit score. Our team will show you the options so you can decide which you prefer.
Vehicles Available for a BMW Lease Versus a BMW Loan
Many BMW models — both new and Certified Pre-Owned — are eligible for a BMW lease or a loan. This means that you can take advantage of the financing package that works best for your lifestyle no matter the year and model of your favorite vehicle.
Get a BMW Lease or Financing in Northfield, IL Near Chicago
Regardless of whether you choose to lease or buy your new BMW model, we’ll help set you up with great financing terms. Come to our Chicagoland BMW dealership today. Our finance center will be thrilled to help you drive home your favorite luxury model!