Deciding to lease a car is a big decision. For answers to all of your questions about your BMW lease, visit BMW of Fort Washington. Here are some essential questions you’ll want to ask before you sign on the dotted line.
What Is the Amount Due Upon Signing a Lease?
One of the first steps to take before starting a BMW lease is to request a price breakdown. Upfront charges can consist of many factors. Security deposits, title fees, capitalized cost reductions, registration fees, and monthly payments are all factors considered in the leasing contract.
How Long is the Lease?
The most common terms are 24, 36, 48, and 60 months. Make sure that the term you choose will work for your monthly budget and lifestyle.
Can I Purchase the Car at the End of My Lease?
Buying a leased car is possible and many people have chosen to do so. Most lease contracts will offer the purchase of your leased car by charging the residual value.
What is the Mileage Allowance?
Most lease contracts have a mileage allowance of 12,000-15,000 miles annually. If you never exceed these figures, leasing is for you. But, if you go over these limits, there may be mileage fees.
Is the Lease Open- or Closed-End?
There are two kinds of leases, closed-end and open-end. In a closed-end lease, the leasing company sets a total price based on depreciation value, and you are only liable for any excess mileage and wear and tear fees. In an open-end lease, you may have more flexibility, but you are responsible for the difference between the residual value and actual value at the end of your lease.
Explore BMW Lease Options in Fort Washington, PA
An advantage of a BMW lease is getting a new car every couple of years. Visit our Fort Washington, PA BMW dealership to learn more today!