Vehicle Dealership Agreement With Bmw
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If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
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FAQ
When purchasing a vehicle with BMW Select, a chunk of the balance is moved to the end of the contract as a final balloon payment amount. This will reduce your monthly payments during the set term of your contract, bringing you the short term cost benefits of a lease.
A balloon payment is like a deposit that you pay to the finance company at the end of your loan term instead of paying a deposit to the dealer when you buy the car.
For tenures ranging from 12 months to 35 months, the interest rate is 11.50% while for tenures ranging between 36 months to 84 months, the interest rate is 10.50%. The maximum tenure available for pre-owned cars is 5 years.
With the BMW Balloon Financing, you can experience sheer driving pleasure while enjoying greater interest savings and at a shorter loan tenure, from 3 to 5 years.
How Does Balloon Financing Work? At the end of the loan term, your balloon balance is due. You can pay the balance in full, apply to refinance the balloon balance, or, if you have equity in your BMW, you may be able to use the trade-in value to help cover the balance.