Hello, My name is Linda Clark and I am the Finance Manager here at BMW of Asheville. Welcome to the BMW of Asheville Finance Department, your place for New and Pre-Owned BMW auto loan's and car lease resource. We're eager to provide financing for your new or used vehicle, no matter what the make. Here at BMW of Asheville, we simplify the process of getting a New or Used automobile loan or a BMW Lease. Most people need a car loan to finance their vehicle purchase. My goal is to help people secure financing and drive home the automobile of their dreams. We have a large, network of trusted, FDIC Insured lenders ready to bring you low finance rates and flexible terms to fit your budget. Whether you decide to purchase or lease your New BMW, you should know which finance option best fits your situation.
So, you've chosen the BMW of your dreams and now your number one priority is getting it home as quickly as possible...and our goal is to facilitate the process in every way we can. We are committed to making sure you are fully aware of all your lease and finance options. Not only will we help you decide what financing option is best for you, we will also provide you with an extensive explanation of Extended Warranties and Vehicle Protection Plans; like our Tire and Wheel Pacakage, Cilia Jet Protection, GAP Coverage and Maintenance Upgrades available to protect you and your investment. We will do everything we can to help you reach an informed decision as quickly and comfortable as possible.
For your convenience, we have provided an online credit form which will allow you to begin the process from the comfort of your home or office. If you have any questions, please feel free to email or call us and we'll be delighted to address any concerns you may have.
Lease End
No matter where you leased your current BMW, we make it easy to turn in your lease. Our lease end termination inspection gives you a custom vehicle condition report. It may recommend repairs such as scratch and/or dent removal, interior and/or exterior conditioning and tire conditions. It will also suggest any maintenance responsibilities, excess wear and tear responsibilities and make sure you are under your mileage allowance per your lease contract. This report could save you significant money in lease end charges. In addition, BMW of Asheville also has options that may allow you to terminate your current lease early and upgrade to that New BMW today!
BMW Tire & Wheel Protection Protects you from the hazards of the road.
The BMW Tire & Wheel Protection program provides coverage in the event of damage to your tires or wheels as a result of metal, nails, glass, debris, potholes, blowouts, etc. (excluding cosmetic damage). You can choose a plan that covers your vehicle for up to 5 years.
Program benefits include:
Ultimate peace of mind. You no longer have to worry about unnecessary financial hardship in the event of damage due to a road hazard. We have you covered. Damaged tire(s) will be replaced, not plugged or patched. There are no maximum number of occurrences, no claim limits and no claim aggregate. Benefits are not restricted by vehicle mileage.Program benefits continue even if you replace your tires. Up to $100 of towing expenses are covered. Transferable ? adds resale value.
Check out our online finance FAQ section for important information regarding car lease and loan characteristics.
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Tip!
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Tip!
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Tip!
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Tip!
Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.
Tip!
Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.
Tip!
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Tip!
Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.
If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.