Medford BMW
610 North Central (DA7701) Medford, OR 97501Sales: (877) 610-7752
- Service: (877) 610-7753
- Parts: (541) 774-8450
At Medford BMW's Finance Department, you can apply for a car loan, or arrange to lease a new BMW. We're eager to provide financing for your new car, or we can assist in used car financing. Use the online car loan calculator to get an instant car loan rate. Don't forget to take advantage of Medford BMW's Value Your Trade tool. Then, fill out the Online Credit Application to work with Medford BMW's lender partners.
Financing Navigation
Contact Information
- Medford BMW
-
610 North Central (DA7701)
Medford, OR 97501 -
- sales Sales:
- (877) 610-7752
- service Service:
- (877) 610-7753
- parts Parts:
- (541) 774-8450
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.