How does BMW Select work? It is described by BMW as “a retail installment sales contract with a balloon payment.” Listed below is an explanation and as well as the benefits that this program provides. See if this financing option is the right choice for you.
You are purchasing the vehicle, but part of the purchase balance is added to the end of the contract as a final balloon payment amount.
Because of this, monthly payments are reduced for the duration of the contract’s set term, which brings the short-term cost benefits of a lease to the security of ownership.
When the contract is up, your options are flexible. You are able to refinance the final payment or you can opt to pay it off. The choice is really up to you!
There are a few factors that determine the final balloon payment amount. Those factors include the estimated future market value of a financed vehicle, creditworthiness, and the terms of your contract.
The following states do not offer the BMW Select Program and a financing option: IL, NC, ND, NH, NV, PA, TX and WV.
Explore Your Financing Options at BMW of Escondido
Contact your local authorized BMW Center near Poway to find out if BMW Select balloon financing is available for you. We would also be happy to answer any questions you may have regarding leasing or buying your next vehicle. Once you have found the BMW of your dreams, our team of experts will walk you through the financing process to ensure you get the best deal possible. Your next BMW may be much more affordable than you may think!
"WARNING*: Operating, servicing and maintaining a passenger vehicle or off-road vehicle can expose you to chemicals including engine exhaust, carbon monoxide, phthalates, and lead, which are known to the State of California to cause cancer and birth defects or other reproductive harm. To minimize exposure, avoid breathing exhaust, do not idle the engine except as necessary, service your vehicle in a well-ventilated area and wear gloves or wash your hands frequently when servicing your vehicle. For more information go to http://www.P65Warnings.ca.gov/passenger-vehicle.