BMW LEASE OR LOAN: LEARN WHAT OPTIONS ARE AVAILABLE AT BMW OF SOUTH ALBANY THAT BEST SUITS YOUR NEEDS

Luxury car shoppers in Albany have multiple options when choosing how to finance their next car or SUV. The Finance Center at BMW of South Albany proudly offers lease and loan options to meet the needs of upstate New York drivers. Which one is right for you? Learn more about the differences and help solidify your buying plan before taking your New York BMW for a test drive.

Auto Loans

The most traditional car-buying method is still the most popular and is often the only way to purchase a used BMW. Traditionally, auto loans mean a higher down payment and larger monthly payment. In return, you'll be mailed the title to your BMW car or SUV and own it outright at the end of the loan. You can then drive it for as long as you wish and add value to your investment by enjoying a quality vehicle without a payment.

Or you could trade-in or sell your BMW anytime you wish after the loan is satisfied. You'll be able to put the proceeds of your sale or trade-in toward your next BMW, or whatever you choose. The money is yours to keep.

BMW Lease

A lease, generally only available for new BMW models, differs from a loan in a few key ways. First, the amount down and monthly payment are less. The terms are also shorter, typically three years. You won't own your leased BMW. Rather, you're paying for the first three years of its use.

The lower payments mean you can afford more features or a higher trim than if you were buying. You'll also be covered by factory warranties, so repairs aren't a concern. You'll return the vehicle to BMW of South Albany when the lease expires, when you can either purchase it or lease another BMW!

No matter what option is right for you, the Finance Center at BMW of South Albany will help procure the best possible terms!