Welcome to BMW of Towson's Finance Center.
What rates do you offer?
Our dealership works with many financing institutions to bring the most competitive rates and terms on vehicle financing. We offer flexible rates, terms, and payments so that you can obtain the loan or lease payment that fits your needs. The rate is understandably influenced by a number of factors including your credit history, the term of your loan or lease, the amount financed on leases. The monthly rent is determined by the residual value of the vehicle you select. Financing through our dealership lets you enjoy a quick, competitive and straightforward way of getting your new vehicle.
How do I make my down payment?
A down payment may be in the form of cash, trade or check. If there is a balance due on your trade we'll pay it off!
Can I finance taxes, registration, and other transaction expenses?
Taxes, registration fees, and other transaction fees can be normally financed with lender's approval.
What is the difference between a loan and a lease?
When you obtain a loan, your down payment and monthly payments go toward the total purchase price of the vehicle. When the term of the loan is complete and the loan is paid in full, you own the vehicle. With a lease, you make monthly payments for the term of that lease. Once the term of the lease is complete, the vehicle is returned to the lessor.
For more information on Lease vs. Purchase refer to the "Vehicle Leasing" located under the Finance section of this website.
The correct financing option largely depends on three factors: what you want to drive, how much you plan to drive it, and how long you want to keep it. It might be preferable to lease rather than obtain a loan if:
- You prefer to trade in your car every three years or less.
If these considerations do not apply to you, it might be better for you to get a loan if:
- You plan to enjoy your vehicle for a long time.
- You want the maximum flexibility regarding the number of miles you drive.
- You want control of the length of time the vehicle is in your possession.
Typically, monthly payments on a lease are significantly lower than if you obtain a loan while borrowers enjoy greater flexibility in terms of ownership.