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Financing

Talk to us about our competitive finance and lease options

 

For some of the most competitive interest rates in the Indianapolis area, talk to our finance department. The Dreyer & Reinbold BMW finance specialists are here to assist you through the entire loan process. We will work with you to find the right vehicle and the right financing options. You can start the approval process right now by filling out our secure, online finance application. Dreyer & Reinbold BMW offers attractive leasing programs, flexible financing options, and vehicle maintenance contracts to enhance your buying (and driving) experience.

Welcome to the Finance Department. Here you can use our online form to get a quick and accurate response on financing your next vehicle. Your financing information is encrypted in a super-safe digital format and is never sent through E-Mail.

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Financing Navigation

Contact Information

Dreyer & Reinbold BMW

1301 South U.S. 31

Greenwood, IN 46143
sales Sales:
800-315-2288
service Service:
317-885-4800

Finance FAQ

Check out our online finance FAQ section for important information regarding car lease and loan characteristics.

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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.