In addition to its primary business of offering leasing and credit financing for BMW vehicles, the company also offers other financial services. These include unique mobile apps and insurance products, which enhance the customer experience of owning a BMW vehicle. It also provides financing to BMW dealers, which expands dealership capabilities and strengthens the BMW Group’s focus on customers.
Bayerische Motoren Werke AG (commonly known as BMW) was founded in 1916 and currently has operations around the world. The company produces luxury automobiles, motorcycles, and engines. Its finance wing, BMW Financial Service, offers auto loans and leases to consumers and businesses. BMW Financial Services works with select dealers to provide a complete BMW ownership experience.
BMW has a history of providing exceptional customer service to its consumers. Its customer support team is available to help with issues related to payments, credit applications, and more. Its online chat, phone number, and live online chat features make it easy to reach a representative. Moreover, BMW’s social media pages provide an additional avenue to interact with the brand and its representatives.
While BMW does not disclose its minimum income eligibility requirements for borrowers, the company has been known to offer loans to people with lower credit scores. Its APRs, however, can be high for some applicants. Nevertheless, the company does offer flexible loan terms and low monthly payments to qualified borrowers. Its interest rates are also within the limits of The Military Lending Act, which prohibits lenders from charging more than 36% APR to active duty service members.
One of the most popular financing options offered by BMW is its lease program. These lease agreements can last up to 48 months and come with a standard annual mileage limit of 10,000 miles. Depending on the model, some buyers may qualify for BMW incentives and fee waivers. These can include the extension of the lease term, an accelerated final balloon payment, and even free maintenance or anti-theft protection.
Another option is to buy out the remaining balance of the lease at the end of its term. This is a common option for first-time BMW lessees and can reduce the total cost of ownership significantly. For this reason, BMW leases are a great choice for new car shoppers who are interested in getting the best possible value from their investment.
Whether you’re looking to purchase or lease a new BMW car, SAV, or crossover, the finance specialists at your local BMW Center are here to help. They’ll guide you through the process of selecting a financing option that suits your needs, protecting your car against accidents and theft, or transitioning to your next BMW vehicle.
BMW FS is committed to creating a positive work environment where Associates can thrive. The company strives to create a workplace that fosters innovation, values diversity, and focuses on the whole person. To achieve this goal, BMW FS supports employee initiatives and recognizes outstanding accomplishments. Additionally, BMW FS has a wide variety of career development programs and benefits to encourage employee retention. BMW Financial Customer Service