Fox BMW of Traverse City
3464 N. U.S. 31 South Traverse City, MI 49684Sales: 888-633-0159
- SERVICE/PARTS: 888-601-4997
Automotive Financing in Traverse City, MI
Traverse City BMW Loans - Fox BMW of Traverse City
The Fox Grand Traverse finance center works with many area lending sources to offer customized car loans and BMW leases to our Kalkaska, Manistee, Petoskey area customers. This means we are able to provide you with a great low rate on your new or used BMW car loan in Traverse City.
If you're thinking about getting a new BMW or a used car, come down to Fox BMW of Traverse City at 3464 N. US 31 South. We'll get you the vehicle you want, at a great price, and smoothly guide you through the financing process.
If you would like to start the process of getting a car loan in Traverse City right away, we suggest you start by understanding your options. You can find your estimated monthly loan payments by using our online payment estimator; and you can apply for financing with our secure online finance application by starting below form.
Financing Navigation
Contact Information
- Fox BMW of Traverse City
-
3464 N. U.S. 31 South
Traverse City, MI 49684 -
- sales Sales:
- 888-633-0159
- service Service:
- 888-601-4997
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.