If you are a BMW enthusiast, you may already know that the carmaker has a financial wing that offers leasing and financing. Many of those who purchase or lease a new BMW vehicle use BMW Financial Services, and some even go so far as to apply for BMW financing online before they visit the dealership. While this is convenient, it does come with some risks that buyers should keep in mind.
BMW FS offers several loan programs, including a number of unsecured loans and a number of secured loans. The terms of these vary by customer and product type, and are designed to meet a wide range of needs and budgets. The company also offers a program that allows borrowers to lock in the interest rate on their loan for an extended period of time. This can be helpful for those who are worried about rising interest rates.
BMW Financial Customer Service
The primary function of BMW FS is to provide financing on cars, trucks and motorcycles manufactured by BMW. In addition, the company offers a variety of credit cards and auto insurance solutions. The company has more than 8,000 employees around the world and operates in 60 countries. BMW FS is headquartered in Columbus, Ohio and has regional offices in Woodcliff Lake, New Jersey and in Salt Lake City, Utah.
As a car lender, BMW FS relies on a variety of factors to determine eligibility for financing. These include credit score and history, income, and down payment size. While a credit score is the biggest factor, others such as the model of the vehicle and whether or not it has been previously leased can also impact financing.
Customers who use BMW FS often find that they can get better interest rates than those offered by other lenders. The company is able to offer this because of its relationship with the BMW dealer network. Additionally, customers who apply for BMW financing through the company can often receive incentives and special offers that are not available to those who do not use a BMW-affiliated dealer.
One of the more interesting aspects of BMW FS is that it offers a leasing program in addition to its traditional auto loans. These leasing contracts are designed to allow people who do not want or cannot afford to buy a BMW the opportunity to enjoy a driving experience from the brand. These leasing agreements are typically 24 to 48 months long and include a specific annual mileage allowance. Incentives and fee waivers are often available to those who lease vehicles through BMW FS.
BMW FS is committed to delivering exceptional products and service, and it has received several awards and recognition for its work. This is because the company has a strong culture that focuses on delivering exemplary customer care and building relationships. Customers can contact the company by phone, email or through its website. The company also provides a variety of resources, including videos, to help consumers make informed decisions about their purchases. BMW Financial Customer Service