Auto Loans & BMW Leases near Albany
Car Leasing and Loans at Capital Cities BMW - Proudly Serving the Albany & Troy Area
Capital Cities BMW finance team is here to help you through the entire process of attaining your customized car loan or lease. From beginning to end, our experts will be able to provide you the best service on your car loan in the Albany area.
If you are in the market for a new car, or a used BMW vehicle, come visit us at Capital Cities BMW located at 617 Route 9W, Albany, New York. We'll help you get the vehicle you want, at an affordable price with assistance through the entire financial process.
Why wait? Contact us or stop in today! Whatever your automotive financing needs may be, we will work hard to satisfy them 100%.
Financing Navigation
Contact Information
- Capital Cities BMW
-
617 Route 9W
Glenmont, NY 12077-3705 -
- sales Sales:
- (888) 542-9066
- service Service:
- 518-463-3141
- parts Parts:
- 518-463-3141
Finance FAQ
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Tip!
Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.
Tip!
Owning a lease vehicle is possible if purchased outright after the lease period ends.
A typical lease period runs between 24 and 48 months.
Tip!
Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.
Tip!
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.
Tip!
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.
Tip!
Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.
Tip!
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.