Welcome to the BMW of Ridgefield Finance Center for Ridgefield car loans and lease programs. Use our online finance application to get a quick and accurate response on financing for your next new or used car. Bad credit doesn't matter to us; we'll do whatever it takes to put you in that new BMW in Ridgefield. Your financing information is sent securely in an encrypted format, and we'll get back to you in as little as a day's time to complete the process.
BMW of Ridgefield has everything you need to make your next vehicle purchase your best. From an array of affordable car loan options for our Ridgefield customers, to new BMWs, and used cars in Ridgefield, we've got you covered.
746 Danbury RdRidgefield, CT 06877-2712
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.