BMW Financial Customer Service is available to help with any questions or concerns you may have about your auto financing. They’re committed to helping you select a financing option that fits your budget and lifestyle. They can also offer helpful tips on how to save on car insurance, and more. Their goal is to extend the BMW tradition of performance and quality so you can enjoy what’s Beyond the Drive.
Whether you’re in the market for a new or pre-owned vehicle, BMW is known for offering competitive financing rates and specials. However, the company does have some strict criteria for who can qualify for its low interest rates. The most common factors that affect eligibility include credit score and history, income, and down payment size. A higher credit score generally makes it easier to get approved for a loan or lease.
As a subsidiary of the German automaker Bayerische Motoren Werke AG, BMW Financial Services is responsible for the leasing and financing of BMW vehicles. This includes both consumer and business financing, as well as vehicle protection and warranty programs. In addition, the company offers a variety of retail banking products and fleet management services. Founded in 1916, the company is an international manufacturer with operations worldwide.
While most people know that BMW is a luxury brand, not everyone realizes that the company’s financing arm also offers affordable options for buyers with less-than-perfect credit histories. In fact, BMW FS is one of the few automotive finance companies to provide low APR rates for qualified borrowers with FICO scores below 700. This is especially helpful for borrowers who have been through bankruptcy, foreclosure, or repossession in the past.
Many car shoppers apply for financing as part of their shopping process, but doing so can come with some risks. Filling out an application for credit will trigger a hard inquiry on your credit report, which can lower your credit score. If you’re unsure if you’ll be able to get approved for financing, it’s best to wait until you’ve found the car that you want to buy.
BMW FS provides numerous incentives for consumers and businesses, including a college graduate program that gives up to $1,000 on a new BMW. It also offers a mobility program that reimburses up to $2,500 for the installation of adaptive equipment in a new or pre-owned vehicle. The company also offers a corporate sales program that lets corporations purchase BMW vehicles for their employees. In addition, it has a number of partnerships with local transportation agencies and charity organizations.