BMW Leasing and Financing Purchase Options

Research all the positives and negatives leasing and financing have to offer with help from BMW of Minnetonka’s finance department. Together we’ll help make sure you have all the information you need to find a vehicle and ownership option that will best support you, your lifestyle, and your budget. Once you’ve decided between whether to lease or finance, our knowledgeable staff will help you find your next new, certified pre-owned, or pre-owned vehicle.


Leasing vs Financing Comparison

Like renting a vehicle for a 2 to 3 year term, a lease lets you drive a new vehicle without a long-term commitment. This also means you will be able to drive a new BMW with the latest technology every few years. Your overall leasing cost only requires you to pay for the vehicle depreciation during your lease term instead of the full value. This provides short-term cost savings. With this lower cost, most leases also offer a smaller down payment requirement and a lower monthly payment than available with financing a new BMW. Lease end options include turning in your leased car and leasing a new one, purchasing your vehicle for the amount agreed upon in your lease agreement, or simply returning your vehicle to our dealership. If you continue to lease, you may pay more in the long run as you will always have a monthly payment.

Financing a new BMW means long-term ownership and long-term savings. Financing is more expensive at time of purchase as you are required to take out a car loan for the complete vehicle value plus fees. Interest accrued over the lifetime of the loan may also cost you more down the road. While the upfront cost may be higher than leasing, you own your BMW and can sell it any time or drive without payments after the loan is paid off. The resale value may also benefit you at the time of trade-in.

Make sure to check out all of BMW of Minnetonka’s new BMW lease specials for a great deal! BMW of Minnetonka’s finance department is eager to provide financing for your next new or used car. Check out our online car loan calculator for an instant car loan rate. Then, proceed to our online finance application to get started now.

Leasing Benefits

  • Leasing lets you drive a new BMW with the latest technology innovations and luxury design every few years.
  • Leasing can cost less than financing including a lower monthly payment, lower down payment requirement, and a lower sales tax.
  • Lease end options are diverse and the process is easy. This include buying your leased BMW at the agreed upon residual value, taking out the guesswork of what the vehicle is worth. Additionally, our finance team at BMW of Minnetonka can help you get a competitively low financing rate.
  • With a lease, you have warranty protection for the lifetime of your lease. This means you will save on service, maintenance, and repairs.

Financing Benefits

  • A financed vehicle can be an asset once paid off.
  • There are no mileage limits with financing a new BMW.
  • BMW of Minnetonka offers multiple lender options to help ensure you receive the best rate on your new BMW purchase.
  • Once your loan balance is paid off, you own your BMW and can sell it.
  • Financing a new BMW means long term savings. Once your loan is paid off, you will have no monthly car payments.

Leasing Disadvantages

  • Leasing a new BMW means mileage limitations. If you drive your BMW more frequently and accumulate a lot of miles, you will be charged for every extra mile at the end of the lease.
  • You cannot customize or alter your leased BMW.
  • Any excessive wear and tear will also cost you at the end of the lease.

Financing Disadvantages

  • New car financing includes higher monthly payments and a higher down payment requirement at the time of purchase.
  • The BMW Ultimate Care warranty protection is offered for the first 3 years or 36,000 miles. There’s a good chance you’ll have your financed car longer than the warranty term. After the warranty expires, you may pay out-of-pocket for expensive out-of-warranty repairs.
  • Your vehicle’s depreciation and resale value is unknown. While you may be able to estimate your car’s resale value down the road, there are no guarantees. Market forces, reliability data, and your mileage and condition can lead to huge swings in its expected value.

Where to Finance a New BMW?

At BMW of Minnetonka’s Finance Department, we’ll work with you to secure a no credit car loan if your situation demands it. BMW of Minnetonka has strong lending relationships and is committed to finding you the perfect car loan company to suit your car finance needs.

Low-interest car loans are available for customers with existing loans. We can help you refinance your car loan or adjust the term of the contract. You’re just a step away from approved car financing!

Stop by BMW of Minnetonka today!

Stop by our dealership, conveniently located just west of Minneapolis near the 394 and 494 interchange at 15802 Wayzata Boulevard. With over 275,000 square feet of high-quality vehicles, BMW of Minnetonka is one of the largest BMW dealerships in the USA. We have three floors of indoor showroom, a climate controlled ramp, movie theater, playground, three service waiting areas, two indoor delivery areas, complimentary Wi-Fi, and over 100 service loaners, BMW of Minnetonka’s amenities are second to none.

BMW of Minnetonka is located at: 15802 Wayzata Boulevard • Minnetonka, MN 55391
BMW of Minnetonka 44.972561, -93.479330.