What Is BMW Select Financing?

What is BMW Select? BMW Select is a financing option available to Staten Island and Manhattan drivers and beyond. How does BMW Select Financing work? It combines the benefits of traditional financing and leasing a vehicle, so you can take home a new BMW in a way that works for you. At BMW of Brooklyn, we have BMW Select Financing explained–read more about the BMW Select Program below, then contact your local authorized BMW finance center with any questions!

Benefits of BMW Select Financing Program

How does BMW Select work? It is described by BMW as “a retail installment sales contract with a balloon payment.” Find out here what the BMW Select Financing option is all about, and see if BMW Select balloon financing might be the right option for you in Dyker Heights or Bay Ridge. Here’s how it works:

• 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 Finance Select 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 BMW Select final payment, or you can choose to 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

Why Should I Choose BMW Select Financing?

Not sure if the BMW Select Program is right for you? BMW of Brooklyn can help. With BMW Select, you can enjoy the following benefits for your Brooklyn and Staten Island drives:

• Your BMW Select Financing options are open: You have flexible end-of-term options available.
• No lease return process: You don’t have to worry about an end-of-lease inspection or penalties for excess wear and tear on the vehicle.
• No mileage restrictions: Unlike leasing, you will be able to drive as many miles as you please.

Explore Your Financing Options at BMW of Brooklyn

Now that you have BMW Select Financing explained, you can contact your local authorized BMW dealership in Brooklyn near Queens to find out if BMW Select balloon financing is available for you. When you’ve found the BMW that’s right for you, apply for financing online to get a head start before visiting BMW of Brooklyn! BMW Select Financing is just one of the many affordable ways to make the new BMW of your dreams a reality.