A BMW lease purchase is a popular option at lease end, as you get to keep driving a vehicle you’ve grown to love over the last few years. To start this process, you need to check the purchase price in your lease terms, determine whether you should end it early, and transfer to a financing plan. BMW of Fort Washington can help you get the buyout started, and here’s how it works.
Know Your Purchase Price
The lease buyout price is listed in your terms and agreed upon by both parties at signing. It’s determined by the anticipated residual value of your car at lease end plus any remaining payments or fees. When your lease is ending, you can explore financing plans for the purchase price or save to buy it outright.
Buying Out Early
What if you want or need to buy your lease out early? Under most terms, you can buy the lease out at any time provided you give ample notice to BMW Financial Services first. Drivers can view their current buyout price via their financing web portal; it tells you the vehicle’s current value and adds your remaining lease payments and applicable fees.
Switching to Financing
There’s nothing stopping you from buying out your leased vehicle with cash, but you can also move your car to a financing plan instead. This not only significantly lessens your immediate expenses, but also waives the disposition fee if you finance through BMW Financial Services. You can compare loan options for the vehicle’s remaining value online and sign new terms in one quick visit.
Prepare for Your BMW Lease Purchase in Fort Washington, PA
Before you book your BMW lease purchase appointment, make sure you have everything ready. Contact BMW of Fort Washington to determine your buyout price or compare financing options.