Let the finance team at Schaeffer BMW simplify the task of scoring a Car Loan in North Carolina. When you're purchasing your new BMW, make sure your financing options are in the right hands. Equipped with ample experience and a network of lenders, the staff at our BMW Dealership can get you that Auto Loan. Start the application process from the comfort of your computer chair by completing our secure and encrypted online finance form. We will contact you with additional information about your Car Loan in Wilmington, NC as soon as we have reviewed your application.
If you would like to find out more regarding Car Loans and Leases, visit Schaeffer BMW's Finance FAQ section. There you will find supplementary information about loan rates, fees and monthly payments.
While you are waiting for your finance application to be approved, peruse our BMW dealership's online listings. Schaeffer BMW offers customers a mixture of New and Used Cars to pick from and we are sure that we can find the vehicle that is right for you.
4920 New Centre Dr
Wilmington, NC 28403pause
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.