Welcome to the Finance Department at Nick Alexander Imports, your trusted Los Angeles BMW dealer serving Santa Monica and Beverly Hills, and all of Los Angeles County. Here on our BMW finance page, you can use the simple online form provided by Nick Alexander Imports to get a quick and accurate response on financing your next BMW in Los Angeles. Whether you're thinking about purchasing a used BMW or one of our great new BMW models like the 2012 BMW M3 or 2013 X5 XDrive35i, CA BMW dealer Nick Alexander Imports can help you figure out a financial plan that works for your situation.
We invite you to browse through the financial tools available here on the Nick Alexander Imports website, where you can estimate your next BMW payment, learn the value of your next trade-in, or learn about our optional financing and leasing programs. Looking to apply for a Los Angeles BMW loan? The finance team at Nick Alexander Imports can help with that as well. Contact our Los Angeles new and used car dealer for more information, or visit us at our location on S Alameda Street in Los Angeles to speak with a financial specialist today.
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*BMW Select Financing
6333 S Alameda StreetLos Angeles, CA 90001-1812
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
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.
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.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
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.