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Product Name | BMW Financial Services |
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Loan term | 1 to 5 years |
Financing types | Purchase,Leasing |
Eligible car types | New,Certified Preowned |
Cosigners allowed | Yes |
BBB accredited | Yes |
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BBB rating | A |
BBB customer reviews | 1 out of 5 stars, based on 6 customer reviews |
BBB customer complaints | customer complaints |
Customer reviews verified as of | 16 August 2020 |
Customer reviews are few and far between for BMW Financial Services. While it has a Better Business Bureau profile, there are less than 10 reviews — all negative — and no complaints.
BMW Select Financing allows you to make low monthly payments during your loan term with one final balloon payment at the end of your contract. Unlike a lease, there are no mileage restrictions — and you own your BMW once it’s paid off. However, the balloon payment may be substantially larger than your monthly repayments. And while you can choose to refinance your balloon payment, it may increase the amount you pay overall.
Contact a BMW representative to see if Select Financing is the right option for you.
BMW Financial Services offers a quick online application. And if you’ve applied for BMW financing in the past, you can enter your last name, Social Security number and ZIP code to make the application process even faster.
Follow these steps to get started:
It will take between 12 and 24 hours for BMW Financial Services to process your application. If you have any questions or don’t receive a response, contact your local BMW dealership.
BMW doesn’t list its payment options online. For more information, contact your local dealership or log in to your BMW Financial Services account.