BMW Financial Customer Service
As the name suggests, this company is the financing arm of the German car manufacturer BMW. It offers both car loans and lease agreements. Customers can apply online or go through a dealer to get the deal they want. The lender also has a few special programs, like the college graduate program or mobility options for customers with disabilities. This makes it a good choice for those who are planning on buying a BMW now or in the future.
The company has a strong focus on culture and values, including Associate engagement. Its products are designed to enhance the ownership experience, such as unique mobile apps and insurance and warranty products. Its leasing and retail automotive financing services are available in the United States, Canada, and Mexico.
BMW FS is part of the BMW Group, which also includes the motorcycle brand BMW Motorrad. The company employs approximately 8,000 people globally. It is one of the largest automotive finance providers in the world, and it offers a wide range of consumer and commercial vehicles, as well as related services. Its primary business is leasing and financing of BMW Group vehicles, but it also provides fleet management and a selection of banking and insurance products.
Its corporate sales programs offer discounts for businesses that buy BMW vehicles in large numbers. These programs are available through dealers that partner with the financial division. The company also has a variety of other incentives for both buyers and leasees. These include a college graduate program that gives up to $1,000 toward a new BMW, and the BMW Mobility program, which provides up to $2,500 for adaptive equipment or accessories.
Unlike many lenders, BMW FS doesn’t have any specific minimum credit score requirements. However, borrowers should be aware that the lender may report loan payments to the credit bureaus. This information can affect a borrower’s credit history and could make them ineligible for some programs. In addition, a cosigner may be needed to meet the lender’s credit standards.
When it comes to leasing, BMW Financial Services (BMW FS) offers competitive terms and low monthly payments. Their lease contracts typically last for 36 months, and they include mileage restrictions. Customers can choose from a variety of models, including sedans, SUVs, and convertibles. They can also add extras, such as navigation systems or heated seats.
BMW FS also offers anti-theft protection, roadside assistance, and maintenance plans. These are important features for a leasing contract. In addition, the company has a convenient app that lets customers manage their account from anywhere.
The company also has a number of programs that are aimed at helping people with limited incomes purchase a BMW. For example, it offers a lease-to-own program for those with less than perfect credit. This program helps borrowers avoid the high upfront costs of a BMW, and it allows them to upgrade to a higher-end model after a few years. The lender also has a military-friendly program, which helps active duty personnel afford the luxury of driving a BMW vehicle. BMW Financial Customer Service