How to Buy Out Your BMW Lease

If your BMW lease is almost up and you want to keep your vehicle, you might wonder about buying the car outright. Depending on your lease terms, you can purchase the vehicle once your lease ends — or potentially even earlier. Learn how to buy out your BMW lease and when you should start the process at BMW of Sherman Oaks.

Know Your BMW Lease Terms

Before you start the buyout process, you should double-check your lease terms. The lease buyout timeline, process, and additional fees are established at lease inception. If you have any questions about your lease, our dealership can help you figure out your buyout options.

When the Lease Is Over

Many lease terms only allow you to buy the vehicle once a lease expires. Others allow you to buy the car out at any time, although more lease payment history will reduce the premium you’ll need to pay.

As your lease due date gets closer, your financial institution will usually reach out to remind you of buyout options. You can respond to them to get the buyout process started as the lease comes to a close.

BMW Financing Options

If you’re planning to buy the vehicle, you’ll want to consider BMW financing. The same financer you’re leasing the vehicle from will often extend a financing offer if you buy the car. You don’t necessarily need to accept this offer, but transferring the vehicle to the same financial institution will be easier.

Learn About BMW Lease Buyout Options at BMW of Sherman Oaks

When your lease is about to end, it’s a perfect time to consider new financing options. Contact BMW of Sherman Oaks today to start the buyout process or discuss other financing terms.