BMW is continuing its low interest rate auto loan incentives through August, as well as auto lease deals on most models.
BMW is offering 0.9 percent auto loan financing in August on most of its 2011 lineup. The negative with this offer is that the auto loan is very short at 24 months long, which means the monthly payments will be very high, even though the car loan rate is low.
If you need to stretch out your loan to 25 to 60 months to get lower monthly payments, BMW is offering 1.9 percent financing on select models. On other 2011 models, BMW is offering 3.9 or 4.9 percent financing for 25 to 60 months for the longer car loan.
On the 2010 M6 and M6 Convertible, buyers can receive the 0.9 percent rate for up to 72 months. The 2010 550i and 535i Gran Turismo and 550i xDrive Gran Turismo have 0.9 percent for 24 months or 1.9 percent for up to 72 months in August.
BMW is also offering 36-month leases on most 2011 models and several 2010 vehicles in August. Monthly payments range from $319 for the 128i Coupe to $1,109 for the 750Li xDrive Sedan. You’ll need several thousand dollars at lease signing.
The 2011 BMW 328i coupe can be leased for $369 a month for 36 months with $4,994 due at lease signing in August.
Certified pre-owned BMWs have three different incentive options in August. You can choose from a payment credit up to $1,500 (which BMW says is like having your first three payments covered). The second option is 0.9 percent auto loan financing on select 2007 and 2008 models. The third choice is BMW’s worry-free, no-cost maintenance for up to six years or 100,000 miles. These certified pre-owned incentives are good through September.
MINI continues its lease incentive for its MINI Cooper Hardtop through August. The Cooper can be leased for $199 a month for 39 months. You’ll need $2,202 at lease signing. Shoppers will also receive no cost maintenance for three years or 36,000 miles on 2009 models.
Buyers can also receive 1.9 percent financing for up to 60 months on all new 2010 MINI models plus one additional option at no cost.
Incentives listed are for the southeast region. They may differ depending on where you live. Check BMW’s site to find the incentives in your area.