BMW Financial Services
BMW Financial Services
in Auto Loans from BMW of North America, LLC

BMW Financial Services

in Auto Loans from BMW of North America, LLC
SuperMoney Net Recommendation Score -80  


This product is strongly not recommended by SuperMoney users with a score of -80, equating to 1.4 on a 5 point rating scale.


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

Explore a similar product
Try this top product in Auto Loans.
Autopay Auto Loan
Autopay Auto Loan 61 reviews
Community Rating Strongly not recommended
Credit Score Range 650 - 850
Loan Amount N/A
APR  (Fixed APR) Starting at 0.9%
Loan Term (Months) Up to 72 months
Number of Reviews 49

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 are available in 50 states across the USA.

BMW financial FAQ

What APR does BMW financial offer on its car loans?

BMW financial offers a fixed apr car 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 auto loan term you can get with BMW financial?

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

Does BMW financial charge an origination fee?

Yes, BMW financial may charge a loan origination fee.

Does BMW financial charge a late fee?

Yes, BMW financial charges borrowers with a late payment penatly fee

Does BMW financial charge prepayment fees?

Yes, BMW financial 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 loan?

Yes, you can. However, BMW financial charges a prepayment fee if you pay your car loan early. This fee could reduce or eliminate the savings from paying the car 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 may be 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. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

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 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 a car loan via BMW financial?

BMW financial will typically fund the car loan within 7 business days of approval.

Does BMW Financial Services report your account activity to credit bureaus?

Yes, BMW Financial Services reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

Is BMW of North America, LLC a legit company?

BMW of North America, LLC was founded in 1975, it is a well-established company that has been in business for 48 years. BMW Financial Services are strongly not recommended by SuperMoney community users.

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: 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...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From BMW financial

BMW of North America, LLC (BMW NA) was established in 1975 as the United States importer of BMW luxury/performance vehicles. BMW of North America assumed import and distribution responsibilities for BMW motorcycles in 1980. BMW of North America also began to distribute light trucks in 1999. BMW of North America's Corporate Headquarters is located in Woodcliff Lake, New Jersey. Its Eastern Regional Headquarters and Technical Training Center is located in Woodcliff Lake, New Jersey. A Vehicle Preparation Center is in Port Jersey, NJ and a Regional Distribution Center is in Nazareth, PA.

Discover products and services designed and delivered by the people who know BMW best. BMW Financial Services is here to help you get into the Ultimate Driving Machine of your dreams – and bring you exclusive offers, benefits, and events that take your BMW experience even further. Clear, simple pricing. Tailored lease and financing options. Personal service. It's what going Beyond the Drive is all about.

Message From Our Editor

What we love about BMW Financial Services

BMW Financial Services offers financing when you’re shopping for BMW cars. One of the best parts of using BMW Financial Services is that you can go through the entire application process online, letting you see what type of loan you qualify for before you visit a dealership.

If you prefer to do most of your shopping online, working with BMW Financial Services also gives you the chance to browse the company’s inventory of cars from the comfort of your own home. You won’t have to drive from one dealer to another to find the right car.

The company’s rates are competitive and it offers a number of discount programs, including discounts for members of the military and recent college graduates.

What could BMW Financial Services do better?

The obvious drawback of working with BMW Financial Services is that it only offers financing if you want to buy a BMW. If you’re looking for a car from another manufacturer, you can’t borrow money from BMW Financial Services.

Additionally, BMW Financial Services only works with select dealers, so if you find a BMW at a non-partnered dealer, you can’t use financing from BMW Financial Services.

There are also reports of the company having poor customer service, which may give some borrowers pause.

BMW Financial Services’s backstory

Bayerische Motoren Werke AG (commonly called BMW) is a German automaker founded in 1916. The company produces and sells cars across the globe. The company opened BMW Financial Services to help people financing the purchase of new BMW vehicles.

The Verdict

If you’re planning to buy a BMW, then BMW Financial Services is a good company to work with. There’s little reason not to fill out an application online as part of your rate shopping. If you’re not sure what type of care you want to buy, you’ll be better off with a more flexible lender.


About BMW Financial Services


  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
  • Self-Employed
  • Retired
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
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 1 - 7 days
APR Type Fixed APR
APR (Fixed APR) Starting at 0.9%
Loan Term Up to 72 months

BMW Financial Services Community Reviews


Would you recommend BMW Financial Services to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)


This product is strongly not recommended by SuperMoney users with a score of -80, equating to 1.4 on a 5 point rating scale.


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.

sorted by

Other Auto Loans