Did you know that BMW offers financial services? I am sure a lot of people are surprised when they hear about BMW Financial Services.
This then leaves a couple of questions like who are BMW Financial Services and what do they offer?
What Do We Know About BMW Financial Services?
BMW Financial Services (South Africa) (Pty) Ltd is an Authorised Financial Services (FSP 4623) and Registered Credit Provider (NCRCP2341).
They provide vehicle finance to its BMW customers through approved BMW dealerships.
Top Reasons for Opting for BMW Financial Services
When it comes to making the dream of driving a BMW a reality, there’s no better choice than BMW Financial Services. Here are the compelling grounds for selecting BMW Financial Services for your next luxury vehicle acquisition:
- Drive Your Aspirations: Imagine sliding behind the wheel of the BMW model you’ve always aspired to drive. BMW Financial Services turns this into a tangible reality. Whether you’re eyeing a sleek sedan, a versatile SUV, or a high-performance coupe, this service opens doors to a world of driving excellence.
- Tailored Financial Solutions: Every individual’s financial situation is unique, and BMW Financial Services understands this intricacy. With a diverse array of financial solutions, you’re sure to discover the perfect fit for your requirements.
- Delight in Outstanding Service: A cornerstone of BMW’s reputation is its commitment to providing top-notch service. BMW Financial Services extends this commitment by offering you a service experience that is nothing short of excellent. Dedicated financial experts are at your disposal to guide you through the process, answer your queries, and ensure that your journey towards BMW ownership is smooth and enjoyable.
- All-In-One Convenience: Simplify your path to BMW ownership by having every aspect of the process under one roof. BMW Financial Services brings together vehicle selection, financing or leasing, and customer support into a unified and seamless experience.
What Does BMW Financial Services Offer?
They offer a selection of vehicle finance products that will assist in making your dream of driving a BMW a reality.
Instalment Sale
With this option, you pay the full purchase price of the vehicle with no large final payment. At the end of your contract, you become the proud owner of your vehicle.
You have no mileage limitation, giving you unlimited freedom of the road.
At the end of the term, you decide if you want to keep the vehicle, sell it, or trade it in.
Instalment Sale with Balloon
A simple financing solution with attractive monthly payments and one final balloon payment at the end.
With this option you pay lower monthly instalments for greater financial freedom and no mileage limitation.
At the end of the contract, you either refinance the balloon with BMW’s help, or pay the balloon amount immediately and become the proud owner of your vehicle.
BMW Select Finance
If you drive approximately 20 000 km per year and you’re looking for simple financing with maximum flexibility, then BMW Select Finance may be the best solution for you.
With this option, you agree on a mileage limit for the term of your contract which determines a Guaranteed Future Value that shields you from depreciation.
When your contract ends you either: return your BMW and purchase a new one, purchase the vehicle by settling the Guaranteed Future Value or refinance the lump sum with BMW’s help. Alternatively, simply return the vehicle in good condition to your preferred BMW dealer at no cost to you.
BMW Select Professional
BMW Select Professional is a unique vehicle finance plan designed by professionals -for professionals. As a recent graduate, this finance option gives selected professionals the opportunity to own a BMW that befits their newly earned status.
With this option, you agree on a mileage limit for the term of your contract which determines a Guaranteed Future Value that shields you from depreciation.
When your contract ends you either: return your BMW and purchase a new one, purchase the vehicle by settling the Guaranteed Future Value or refinance the lump sum with BMW’s help. Alternatively, simply return the vehicle in good condition to your preferred BMW dealer at no cost to you.
Qualifying Professions – Medical Doctor, Dentist, Veterinarian, Chartered Accountants, Lawyers, Attorneys, Advocates, Prosecutors, Actuaries
Date of qualification should not be older than 3 years and should earn a minimum net income of R20 000 per month.
BMW Edge
This innovative product offers an alternative for purchasing your vehicle outright. You put down a 50% deposit and pay extremely low monthly instalments as you only service the interest over the contract term.
At the end of the contract, you either: refinance the 50% balloon; settle the 50% balloon and take ownership of the vehicle or trade-in your BMW for a newer model.
BMW Select Edge
If you are looking for a financing solution which allows you to pay nominal monthly instalments but also lets you enjoy all the benefits of the BMW Select Finance solution, then BMW Select Edge is the right option for you.
With BMW Select Edge, you place a deposit equal to the total purchase price less the Guaranteed Future Value (GFV), allowing you to service only the interest over your contract term. With this plan, you receive a Guaranteed Future Value that shields you from depreciation, so you can drive a new BMW more often.
At the end of the contract, you can: return your vehicle and purchase a new one, refinance the outstanding balance, settle and take ownership of the vehicle or return the vehicle to your preferred BMW dealership.
Fixed-Term Rental
With no deposit, no depreciation and a fixed monthly rental payment; BMW Fixed-term Rental is the ultimate way to experience the Sheer Driving Pleasure of a new BMW more often, without the uncertainty that comes with ownership.
Your BMW Fixed-term Rental monthly payments include comprehensive insurance from Discovery Insure which means you can enjoy a range of Discovery Vitality rewards – just for good driving behaviour. Your monthly rental is calculated based on your rental period and an agreed mileage limit.
Conclusion
In conclusion, BMW Financial Services stands out as the ultimate choice for turning your BMW driving dreams into reality. With an unparalleled selection of vehicles, a diverse range of financial options, a focus on exceptional service, and the convenience of an all-inclusive approach, your path to BMW ownership has never been clearer or more enjoyable.
If you are thinking of getting a different make and model or want to consider options offered by other dealers, a loan with this lender may not be ideal for you.
To apply for financing through BMW, you can go online or to a BMW dealership. Before you go to the dealership, we strongly suggest you apply to a few other lenders. This could help you in multiple ways; the main benefit is that it could help you negotiate.
BMW Financial Services Contact Details
Website: www.bmw.co.za
Telephone: 0800 600 555
E-Mail: customer.service@bmwfinance.co.za