Features

Where does BMW Financial Services do business?

BMW Financial Services is based in Woodcliff Lake, NJ. It was founded in 1975 and offers auto loans in 50 states across the USA.

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

BMW Financial Services offers auto loans with APRs starting at 0.9% .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 inaccuate information in your credit history with these credit monitoring tools.

What is the maximum loan term for a BMW Financial Services auto loan?

BMW Financial Services offers auto loans with terms of up to 72 months. Lenders that offer longer terms can offer larger loan amounts and lower monthly payments. However, remember that the longer the term of your loan, the more interest you will pay. 

Does BMW Financial Services charge an origination fee?

Yes, BMW Financial Services charges 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 penalties?

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

What is BMW Financial Services’s eligibility criteria?

BMW Financial Services requires borrowers to have a credit score of at least 650 to apply.

To qualify, applicants must 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 auto loans within 1 and 7 days of approval

  • Max Loan Term (Months)
    72
  • Credit Score Range
    650 - 850
  • Immigration Status Considered
    U.S. Permanent Resident
  • Joint Loan Applications Accepted
    Co-signer
  • 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
  • Institution Type
    Other
  • APR
    Starting at 0.9%
  • Funding Time Range (in days)
    1 - 7
  • Joint Loans Available
"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."
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