FINANCE DEPARTMENT

FINANCE DEPARTMENT

Schomp BMW Finance Center

At Schomp BMW, we offer competitive financing rates and terms on our great selection of new and used trucks, cars, and SUVs.

Our finance experts are here to guide you through the financing process and help you get into your new vehicle. Contact Schomp BMW’s finance team today or if you’re ready to start the financing process, you can fill out our secure finance application online.

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The Schomp BMW Car Loan & Lease Center

Car loans and BMW leases aren’t necessarily exciting topics. That is, until they’ve experienced our One-Person™ car loan and leasing program. As part of our One-Price. One-Person. One-Hour® program, you’ll work with the same client advisor from start to finish. No glass boxes, no finance “managers,” no high-pressure situations. Your options, your call.Learn More

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 options 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.

Click here to learn more about knowing your options.

Schomp BMW

1190 Plum Valley Lane, Highlands Ranch, CO, United States

Schomp BMW 39.5600096, -105.0022283.
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