Let the finance team at Steve Thomas BMW simplify the process of getting a car loan or lease. With years of experience and a network of lenders, the staff at our BMW dealership will get you an auto loan you can afford. Start the application process from the comfort of your home by completing our secure and encrypted online finance application form. We will contact you with additional information about your car loan or lease in Camarillo as soon as we have reviewed your application.
If you would like to know more about car loans and leases visit Steve Thomas BMW's finance FAQ section, where you will find additional information about loan rates, fees, and monthly payments.
While you are waiting for your finance application to get approved, please browse our BMW dealership's new BMW and used car inventory. With a variety of vehicles and a knowledgeable sales team, we are confident that we will find the car that is right for you.
411 Daily DriveCamarillo, CA 93010
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.