BMW Financial ServicesUnaffiliated
in Auto Loans
Strongly not recommended
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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 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.
What do you need to qualify for a loan with BMW Financial Services?
Applicants with a credit score of at least 650 can apply for a loan via BMW Financial Services. The minimum age to apply for a loan is 18 or the state minimum, whichever is higher.
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."
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- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Credit Score Range||
650 - 850
850 300 650
|Immigration Status Considered||
|Employment Statuses Considered||
|Maximum Vehicle Age||5|
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Term (Months)||Up to 72|
|APR||Starting at 0.9%|