Understand the Ins and Outs of BMW Financing

After you've chosen a great new ride at Medford BMW, the time comes to pay for your new vehicle. If you're like most people, you will need to pay off the car over time with some type of financing plan. Before you "sign on the dotted line," it's important to understand a few basic elements of financing a vehicle. Here is some information that will give you a leg up when you're ready to hand over your hard-earned money for quality transportation in the Eugene area.

What is a Down Payment?

A down payment is the initial amount of money you pay for your vehicle. This amount is subtracted from the overall purchase price to then determine your monthly payment. In most cases, the larger your down payment is, the lower your monthly payment will be. This makes it advantageous to put down as much money as you can comfortably afford up front to ensure you lower the balance that will accrue interest. Though there may be a minimum down payment depending on your financial situation, there is typically no ideal down payment that fits every scenario for Grants Pass drivers. You might qualify for one of our lease and finance offers, so we encourage you to reach out to our finance center.

What is a Monthly Payment?

Your monthly payment is the final remaining balance on the final price of the vehicle after any rebates, discounts, and your down payment. This amount is divided into equal payments that vary depending on the term, or length of your loan. Typical loan terms for vehicles are three to seven years, with five years being the most popular. As is typical with other loans, you can typically secure a lower interest rate the shorter your term is. It's important to consider your other monthly expenses to ensure you will be able to afford your monthly auto loan payment.

We Make it Easy to Secure Auto Financing

At our dealership, we make it easy to secure great financing for drivers in the Central Point, OR region. As we have a good working relationship with many financial institutions, we are able to secure select loan rates that can help you save money. We search all around the Ashland area to ensure that you're receiving the best loan options for your specific financial situation. By financing through us, you can have a quick and easy finance process and be confident that you're getting a great deal. Explore our online credit application from the comfort of your home and make your way to Medford BMW soon!


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  • Tuesday 9:00AM-6:00PM
  • Wednesday 9:00AM-6:00PM
  • Thursday 9:00AM-6:00PM
  • Friday 9:00AM-6:00PM
  • Saturday 9:00AM-6:00PM
  • Sunday Closed