The Schomp BMW Car Loan &
Lease Center, Serving Denver, Littleton and Centennial
Auto
financing drivers actually get revved about
Car loan and BMW leases aren't topics most people get excited about. That is until they've come to the Schomp BMW Car Loan and Lease Center. Here, they're met with a friendly, expert staff focused on getting them the flexible terms and rates needed to accommodate their individual life circumstances. Trust us - it's a personable, results-driven experience you won't forget. To learn exactly what we can do for you, contact us today.
What are my Options?Cash - Finance -
Lease
Schomp BMW has a multitude of lenders that will allow us to customize a plan that meets all your expectations and needs.
Consider these questions when weighing
your options:
- How long do you anticipate keeping the vehicle?
- What will your approximate annual mileage be?
- Do you typically trade automobiles every 3 years?
- Is your intention to own this vehicle for over 5 years?
- Do you like to drive vehicles that have the latest technology?
- Would you like to know what your Cost of Ownership is going to be?
- Would paying cash deplete your capital significantly?
- Would you rather not be liable for resale values and bank payoffs?
Paying Cash:
Being in the position to pay cash is
wonderful, but consider the fact that on a new vehicle that depreciates
about 40% over the first three years it might not be the wisest use of
capital. With discounted interest rates through BMW Financial Services,
the proposition of interest paid versus lost interest dividends is worth
noting. All of our lenders will set up automatic payments, so no need
for those annoying statements and check writing.
Financing:
Most people use Financing uptions
to pay for their vehicle.
Our lenders will determine how much of a
down payment is needed, depending on your credit history, income to
support the payment and the loan to value conforming to guidelines.
Loans range from 24 - 84 months, with the 60-month option being the most
commonly executed.
The vast majority of borrowers do not
see the loan through to maturity leaving themselves exposed
to:
- Loan payoffs that are greater than the vehicles value (inequity).
- Fluctuation of market value
- The possibility of amortizing inequity into the replacement vehicle loan, leading to a higher car payment than necessary.
All the loans available at Schomp BMW
are Simple Interest; you only pay interest on the payments you make
(just like a home mortgage).
Leasing:
The most
misunderstood form of paying for what you use.
Leasing allows you, the lessee, to only
pay for the portion of the car you use.
Our prime lender; BMW Financial Services
calculates that a typical BMW that is driven approximately 15,000 miles
a year for three years should be depreciated about
45%. You will only get charged on this amount. The remaining 55%
(residual) is your option to buy at lease end but you are not liable for
the vehicle being worth it.
For people that want to change vehicles
on a pre-determined schedule (lease term), always having FREE factory
backed maintenance and warranty with no risk of additional ownership
costs . . . leasing should be considered seriously.
MSRP
$52,000
$52,000
Sales Price / Capitalized Cost
$49,000
$49,000
Initial
Investment
$10,000 $1,587
TERM
60
Months
36
Months
APR /
Equivalent
4.8%
4.8%
Monthly
$806 $788 +
tax
Total of Payments ? 36 moths
$39,016
$32,222
Next 24
payments
$19,344 Leased
Total
$58,360
NEW Model