While most people love choosing their new BMW, they dread the next step - getting that loan or lease. Whether it's the numbers, the stereotypical unsociable people, or the incomprehensible lingo, people don't like it, plain and simple. That's the beauty of financing your new or used car at Prestige Automobiles in Dededo, Guam. There's no reason to dread it. Our financing staff is friendly. They'll crunch any numbers you want them to - just ask. They're smart, but capable of explaining any and all loan and lease-term legalese in a way that really makes sense. And, they don't give up, which means you get the best possible financing for your BMW.
To learn more how our dedicated team at Prestige Automobiles in Dededo, GU can help you finance a new BMW or used car, contact us today. Or, stop in. Located at 491 Marine Corps Drive Dededo, Guam, we're very easy to find.
491 E. Marine Corps Drive, Rte. 1Dededo, GU 96929
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
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.
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.
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
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.