The BMW Financial Services arm of the German automaker BMW provides financing for its vehicles. The company also offers a variety of protection and service products to customers. Additionally, BMW FS can help people purchase new or certified pre-owned BMW vehicles through its dealership network.
The company was founded in 1916 as a division of Bayerische Motoren Werke AG (BMW). The company produces and sells automobiles, motorcycles, and other powertrains worldwide. In the United States, it primarily sells its vehicles through authorized dealers.
As part of its commitment to excellence, BMW has created a finance division that is committed to the highest standards of customer service. The department has a dedicated team of professionals who are trained to answer questions and help you find the best vehicle financing options. The staff will also assist you in navigating the leasing or financing process, protecting your investment, and transferring ownership to your next vehicle.
BMW FS can provide you with the financing needed to buy or lease a BMW car, SUV, or sports coupe. It will consider your credit history, income, and down payment to determine if you qualify for financing. BMW FS also considers the model you want to purchase or lease, which can impact how much of a down payment you need to make.
Whether you are looking for a lease or loan, you can get started by going to the BMW website and filling out an application. You will be required to give your contact information and a summary of your financial situation. Then, a loan officer will review your request and contact you with options. You can also apply at a local dealership. This will save you time and avoid a hard credit inquiry.
BMW FS offers various incentives for buyers and leasers. These can include 0.00% APR on certain models, free mileage, and waivers of some fees on leases. It also offers a college graduate program that helps graduates of accredited colleges purchase or lease a BMW. Another popular incentive is the mobility program, which gives eligible people rebates to pay for adaptive equipment on BMW cars and trucks.
As a lender, BMW FS reports your account activity to the major credit bureaus. Making regular on-time payments can improve your credit score over time. However, late payments and other negative marks on your credit report can have a negative effect on your credit. Luckily, BMW FS works with select credit bureaus to make sure your reporting is accurate. In addition, the company has an active duty military program that is in compliance with The Military Lending Act. This helps service members to secure a car loan with BMW FS without incurring additional fees or interest charges on their loans. This benefit can be a lifesaver for those who are on active duty or have been deployed overseas. BMW Financial Customer Service