What Is BMW Select Financing?

BMW Select is a financing option available to Phoenix and Chandler drivers. It combines all the best benefits of traditional financing and leasing a vehicle, allowing you to take home a new BMW in a way that suits you. Learn more below, then contact your local authorized BMW finance center with any questions you may have.

Benefits of BMW Select Program

How does BMW Select work? BMW describes the program as “a retail installment sales contract with a balloon payment,” or a larger final payment made at the end of your loan term. More details about what the BMW Select program entails are included below:

• You are purchasing the vehicle, but part of the purchase balance is added to the end of the contract as a final balloon payment amount.
• This is a way to reduce monthly payments during the contract’s set term, which brings the short-term cost benefits of a lease to the security of ownership.
• When the contract is up, you have flexible end-of-term options: you can either refinance the final payment or pay it off.
• The final balloon payment amount depends on several factors, including the estimated future market value of a financed vehicle, creditworthiness, and contract terms.
• BMW Select is not available in the following states: IL, NC, ND, NH, NV, PA, TX, and WV.

What Is BMW OwnersChoice Balloon Financing?

This version of BMW financing is only available to residents of Illinois, Texas, and Georgia, and it combines the low monthly payments typical of leases, but with the added security of vehicle ownership. It is described as a retail installment sales contract with a balloon payment that is much larger than the previous scheduled monthly payment. As with the BMW Select Financing, the final balloon payment amount depends on multiple factors:

• Creditworthiness
• Contract terms
• Estimated future market value at the end of the contract term

Explore Your Financing Options at AutoTrust AZ

If you’re deciding between financing and leasing your next car, contact your localauthorized BMW Center near Gilbert to find out if BMW Select balloon financing is available to you. When you have found your next BMW, apply for financing online to get a head start before visiting AutoTrust AZ.