Welcome to New Country BMW's Finance Department, your auto loan and car lease resource. We're eager to provide financing for your new car, and we can assist in used car financing as well. Check out our online car loan calculator for an instant car loan rate and to see how much you'll be paying each month.
All types of credit, from good to bad, can qualify for an auto loan. No credit, no problem! We will work with you to secure a no-credit car loan if your situation demands it. Our Connecticut BMW dealership has strong relationships with loan-granting institutions and is committed to finding you the perfect car loan company to suit your car finance needs.
Low-interest car loans are available for
customers with existing loans. We can help you refinance your car loan or
adjust the term of the contract. You're just a step away from approved car
With 4 years and 50,000 miles of maintenance included with all new BMWs, worry-free motoring is more affordable than you think!
Come on down and see for yourself. Nothing drives like a BMW, and at New Country, we're serious about making you delighted!
One Weston Park RoadHartford, CT 06120
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.