Is BMW Select Financing Right for Me?

There are many options for buying a new BMW vehicle, including BMW Select Financing. This unique financing option has many perks, although it may not be right for everyone. BMW of Wesley Chapel shares how it works to help you determine if it’s the right choice.

What Is BMW Select Financing?

BMW Select Financing provides all the perks of financing a BMW vehicle, but with smaller monthly payments. It’s a form of balloon financing, so you’ll only make monthly payments for a portion of your vehicle’s total financed amount. Then, once they’re complete, you’ll make a final balloon payment for the remaining amount. You can also try to refinance the remaining balance or trade in your vehicle instead.

How Does It Differ from Leasing?

Because of the small monthly payments, the process sounds similar to leasing. However, a lease is essentially a long-term rental. It comes with a mileage allowance and has other restrictions. With BMW Select Financing, you are still working towards owning the vehicle, so you’re building up equity and can use your vehicle however you’d like.

Is It Right for You?

BMW Select Financing is great for buyers who want small monthly payments right now, but don’t want the restrictions of a lease. It’s also beneficial for buyers that don’t want to spend a lot upfront, but will have no problem making the final balloon payment. You may also want to consider it if you’re interested in upgrading your vehicle soon, because BMW Financial Services will typically waive the final balloon payment if you finance another new vehicle with them when you trade in your vehicle.

Apply for BMW Financing in Wesley Chapel, FL

You can explore all the options for BMW ownership, including BMW Select Financing, with the experts at our dealership. Our team is happy to help every step of the way. Visit BMW of Wesley Chapel to get started today!