Are you considering a BMW lease? No matter how confident you are, some questions will certainly come up in the leasing process. To help, our BMW finance team has compiled some frequently asked questions about BMW leases. By the end of this guide, you’ll better understand what to expect when leasing a BMW and be better prepared to make an informed decision.
How Can I Lower My Car Lease Payment?
If you're looking to lower car lease payments, there are a few things you can do. One option is to increase the contract length; the payments will be spread out over a longer period, making them smaller over an extended lease length. Another option is a lower mileage allowance, resulting in fewer miles to drive throughout the lease length and lower payments. Finally, consider making a sizeable down payment or cap cost reduction for lower monthly payments.
Can I End a Car Lease Early?
You can end your BMW lease early, but it will come at a cost — an early termination fee is required. An additional fee included in ending a lease early is to pay the balance due or remaining lease payments. Another option is to transfer the car lease to another party, so the new lessee can pay off the remaining lease payments.
What Are My Lease-End Options?
There are various lease-end options available to choose from when your vehicle is nearing the end of the lease. Lease-end options include:
- Turn in the vehicle
- Lease a brand-new model
- Buyout the lease
- Extend the car lease
Learn More About BMW Leasing in Daytona Beach, FL
Looking to drive home your dream BMW? Visit Fields BMW of Daytona to learn more about our BMW lease options. We will gladly help you through the process and help you find the right BMW to fit your lifestyle. Visit us today!