Has it always been your dream to get behind the wheel of a new BMW car? If you’ve been wondering how you can become the owner of a BMW SUV, Fields BMW Orlando is here to help. Here’s a rundown on how you can finance a new BMW at our Florida dealership.
What is Car Financing?
Auto financing is essentially a large-scale loan, where you borrow the amount for the vehicle (also known as the principal) and pay it back over time. The lender will charge a specific interest rate for the principal, and you'll make monthly payments until it’s paid off. You can also pay a down payment to lessen the principal.
How to Get Started
Before you apply for financing, it’s a good idea to do a little research on your own financial situation. Check your credit score to get an idea of which interest rates to expect from lenders. You should also have a budget for what type of BMW car you’d like, what you can afford for an initial down payment, how long of a loan term you’d like, and what your monthly payments might be.
The next step is to apply for BMW financing at our dealership. You can do so in person at our location in South Orlando or on our website. Our finance experts will work to help you secure the best loan package for you. Call or visit Fields BMW Orlando today to learn more about financing a new BMW car!
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