Picking out and test driving your new BMW in Los Angeles is the only fun part of car shopping, right? Wrong. We are committed to creating a finance process that is stress-free and keeps the fun rolling. We will set you up with a BMW lease or loan in Los Angeles that works for your lifestyle, and get you driving off our lot with out a care in sight. Let Century West BMW help you with your greater Los Angeles car loan and lease needs. If you have been thinking about getting a new BMW or used car in the Los Angeles area, we can help you do it quickly and easily.
Simply fill out the Century West BMW online car loan and financing application form to get the auto financing process started right away. There's no obligation to buy today, so do it now while you are thinking about it.
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Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.
Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.
If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.