Looking into leasing a BMW M Series? Find answers below to the most frequently asked questions.
- How much a
month is to lease a new BMW M Series? It all depends
on the trim. The M6 monthly payment is higher than the one of M4 convertibles
which in turn is higher than the M2 Competition. To find out our current BMW lease offers, check out this page.
- Can I lease a
BMW M Series with $0 down payment? It's possible to lease an M series Beemer
with $0 down but you need to call us at (570) 338-6955 and speak with a leasing
specialist. All current BMW M Series leasing offers
require a down payment. Even with a $0 down,
you will still have to pay licensee and registration fees as well as sales tax and an acquisition
fee.
- What's due at
signing a BMW M Series lease? In addition to
the down payment you should expect to be charged the following fees:
- Acquisition fee
- Security deposit (not always, can be waived)
- License fee
- Registration fee
- Sales tax
For further questions call BMW of Wyoming Valley to speak
with a leasing specialist.·
- How to tell
whether leasing a BMW M Series is a good idea? To tell if
leasing an M Series Beemer is a good idea,
find out how many miles you drive a year. All leased vehicles have a 30,000
miles limit on a 36-month lease. So, if
you expect to drive less than the limit leasing is a good idea. If you are a
high-mileage driver financing the car might be a better deal for you. To
further discuss the pros and cons of buying vs leasing call us at (570)
338-6955.
- Is maintenance
included in the lease payment? Yes, when
leasing a new BMW M Series vehicle factory-recommended maintenance such as
engine oil, engine filter, brake fluid, and spark plug changes is included in
the monthly lease payments.
- Is there a limit
on the miles driven during the leasing period? Yes, the limit
on a 36 months lease is 30,000 miles. If you go over the limit the charge will be
$0.25 per mile as of writing this. If you know in advance that you'll go over
the limit, you should prepay for miles in order to save money (however, you
won't get refunded for miles you prepaid but didn't drive).
- Can I pre-pay
additional miles? Yes, if you know
you'll put more than the 30,000 miles it's a good idea to prepay for additional
miles. This way you'll get a better deal compared to paying for the same miles
at the end of the lease period.
- Is GAP insurance
included in the BMW M Series lease payments? No, it's not. If
you want to have a Guaranteed Auto Protection insurance, you'll have to
purchase it separately either from the leasing company or a third-party
financial institution. To find a good deal on GAP insurance you'll need to shop
around and request quotes from multiple insurers.
- I want to
purchase my M series Beemer at the end of the leasing period. Is this possible? Yes, you can do
that and you don't have to wait until the end of the lease term - the buyout
price is spelled out in the lease agreement. To begin the process give us a
call at (570) 338-6955.
- Can I end my
lease early? Yes, you can
end your lease early. There are early cancellation fees that you'll have to pay
to do that upon returning the vehicle at a BMW dealership in PA. However, there is a way to minimize the amount or completely avoid
paying any cancellation fees, depending on what you'll do next.
- Can I extend my
lease that is about to expire? Yes, you can
have your lease extended by 12-24 months. Technically it's called a re-lease
but the idea is the same. To extend your lease while looking for a good deal on
your next car, give BMW of Wyoming Valley a call at (570) 338-6955.
- Can I transfer
my BMW M Series lease? Yes, BMW leases
are transferable. BMW charges a $500 transfer initiation fee for that. There
are lease swap sites that would list the car, find someone to take over the
lease and take care of the paperwork for you for a fee.
- Can I lease a
BMW M Series with bad credit? Yes, you can.
Keep in mind that the lease offers you see advertised are for drivers with
excellent credit. To find out if you
qualify for a lease call BMW if Wyoming Valley at (570) 338-6955 and speak with
a leasing officer.