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  BMW Financial Services

BMW Financial Services

in Auto Loans from BMW of North America, LLC

Unaffiliated

BMW Financial Services

Unaffiliated

in Auto Loans from BMW of North America, LLC

SuperMoney Net Recommendation Score -75% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Strongly not recommended

4 users recommend
0 users are unsure
28 users don't recommend
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Highlights
Highlights
Community Rating Strongly not recommended
Loan Amount N/A
APR Starting at 0.9%
Credit Score Range 650 - 850
Loan Term Up to 72 months
Number of Reviews 32

BMW Financial Services Review

BMW Financial Services is offered by BMW of North America, LLC, a financial services company founded in 1975 and based in Woodcliff Lake, NJ. BMW Financial Services is offered in 50 states across the USA.

What APR does BMW Financial Services offer on its auto loans?

BMW Financial Services offers an auto loan product that ranges from 0.9% APR.

Your APR can vary depending on several factors, such as your credit score. Find out what your credit score is and whether there is any false or inaccurate information in your credit history with these credit monitoring tools.

What is the maximum loan term you can get with BMW Financial Services?

BMW Financial Services has auto loans with a maximum term of 72 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your auto loan, the more interest you will pay.

Does BMW Financial Services charge an origination fee?

Yes, BMW Financial Services may charge a loan origination fee.

Does BMW Financial Services charge a late fee?

Yes, BMW Financial Services charges borrowers with a late payment penatly fee

Does BMW Financial Services charge prepayment fees?

Yes, BMW Financial Services does charge borrowers a fee if they pay their loans early. Consider prepayment fees when you choose a lender because prepayment can reduce or even cancel the interest savings of repaying a loan early.

Can I pay off early my BMW Financial Services loan?

Yes, you can. However, BMW of North America, LLC charges a prepayment fee if you pay your auto loan early. This fee could reduce or eliminate the savings from paying the auto loan early.

What do you need to qualify for BMW Financial Services?

Applicants with a credit score of at least 650 and up to 850 are eligible for BMW Financial Services. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

BMW Financial Services does not have or does not disclose a minimum annual income eligibility requirement. BMW Financial Services only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via BMW Financial Services. Their rates fall within the limits of The Military Lending Act.

To qualify, applicants may need to provide the following documentation:

  • Driver's license
  • Proof of citizenship or residence permit

What is the estimated funding time for an auto loan via BMW Financial Services?

BMW Financial Services will typically fund the loan within 7 business days of approval.

BMW FINANCIAL SERVICES Disclosure: "Actual rates, down payment, and other credit terms may vary based upon model, state selected, creditworthiness and other factors. Not all customers will qualify for the lowest rates."
SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

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About BMW Financial Services

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Permanent Resident
Joint Loan Applications Accepted
  • Cosigner
Maximum Vehicle Age 5
Military Status
  • Active Duty Military
  • Non-Military
Minimum Age 18
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Credit Score Range 650 - 850
APR Starting at 0.9%
Loan Term Up to 72

BMW Financial Services Community Reviews

 

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