What rates do you offer?
Our dealership works with several financing institutions to bring you competitive rates and terms on vehicle financing. Our dealership offers flexible rates, terms, and payments so that you can obtain the loan or lease payment that fits your needs. The rate in your individual financing package is influenced by a number of factors including your credit history, the term of your loan or lease, the amount financed, and the residual value of the vehicle you lease. Financing through our dealership lets you enjoy a quick, competitive, and straightforward way of getting your new vehicle.

Do I need a co-signer?
Co-signers are only needed when there are given credit concerns or a financial intuition requires more income.

How do I make my down payment?
Down payments can be made with a money order, bank check or cashier's check (made out to BMW of Towson) , or cash. Personal checks are only accepted by Maryland residents who meet credit requirements.

Can I finance taxes, registration, and other transaction expenses?
Taxes, registration fees, and other transaction fees can be normally financed.  This also is determined by the financial institution in which financing is being approved,  and there loan approval amounts.

Can I include the cost of other products, such as extended service contracts, credit insurance and accessories in the amount that I finance or lease?
You can.  The requirements are determined by the financing institution as described in the Tax and registration section.  If you are interested in one of our products and would like to include its cost in your finance option, just ask one of our finance representatives to arrange that for you.

What is the difference between a loan and a lease?
When you obtain a loan, your down payment and monthly payments go toward the total purchase price of the vehicle. When the term of the loan is complete and the loan is paid in full, you own the vehicle. With a lease, you make monthly payments for the term of that lease. Once the term of the lease is complete, the vehicle is returned to the lessor.

For more information on Lease vs. Purchase refer to the "Vehicle Leasing" located under the Finance section of this website.

The correct financing option largely depends on three factors: what you want to drive, how much you plan to drive it, and how long you want to keep it. It might be preferable to lease rather than obtain a loan if: 

- You drive less than 15,000 miles per year.

 - You prefer to trade in your car every three years or less.

 If these considerations do not apply to you, it might be better for you to get a loan if:

- You plan to enjoy your vehicle for a long time.

- You want the maximum flexibility regarding the number of miles you drive.

- You want control of the length of time the vehicle is in your possession.

Typically, monthly payments on a lease are significantly lower than if you obtain a loan while borrowers enjoy greater flexibility in terms of ownership.