Checkered Flag BMW
5225 Virginia Beach Blvd Virginia Beach, VA 23462Sales: 866-414-7820
- Service: 757-687-3486
Financing
Car Loans Virginia Beach - Checkered Flag BMW
Financial experts are at your service at Checkered Flag BMW in Virginia. We'll work within your budget to get you the best auto loan possible for the BMW of your choice. We're here to help you through every step of the lending process. While we have tools on our site (like the car loan payment calculator, and secure online loan application) to help you get started, we are happy to sit down with you and work through these together. Financing a new or used car can seem intimidating, but our experts understand the process and can make it very easy for you.
Come to Checkered Flag BMW, browse our new 2010 BMW and used car inventories, and speak to a financial representative. We'll have you on the road in a BMW without breaking the bank.
Financing Navigation
Contact Information
- Checkered Flag BMW
-
5225 Virginia Beach Blvd
Virginia Beach, VA 23462 -
- sales Sales:
- 866-414-7820
- service Service:
- 757-687-3486
Finance FAQ
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Tip!
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Tip!
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Tip!
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Tip!
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.
Tip!
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.
Tip!
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Tip!
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.