What to Do if You Miss a BMW Lease Payment

Missing a BMW lease payment can be stressful, but it's a situation that can be managed. You'll get your lease back on track if you understand what will happen after a lapsed payment and follow through with a plan. Contact BMW of Sherman Oaks to learn what to do if you miss a BMW lease payment for your vehicle.

Contact Your Financer Immediately

The first step after missing a BMW lease payment is contacting your lender. They've likely already messaged you if a payment is overdue; they'll usually outline the next steps in their correspondence. Otherwise, contact them directly to ask about late payments.

Making Up Your Payment

If you can make your missing payment in full, including applicable late fees, you should do so. It might be a higher one-time cost, but will return your lease to good standing. However, you should avoid missing further payments; lenders won't be happy if you consistently miss due dates.

Refinancing and Modifying Your Lease

Your lender might be willing to change the terms of your lease to something more convenient for you. If you need to push back your due date to make on-time payments, ensure the lender knows this.

If you need to refinance your lease completely, our dealership and your lender can work together on generating new terms. This option is usually available if your lease payments are otherwise in good standing; it's helpful if your current lease terms are too strenuous in your current financial situation.

Refinance Your BMW Lease at BMW of Sherman Oaks

If you've missed a BMW lease payment and need to explore your options, our dealership can help you. Contact BMW of Sherman Oaks to explore refinancing and repayment options for your lease.