SuperMoney

BMW Financial Services

in Auto Loans

Unaffiliated Visit Site

BMW Financial Services

Unaffiliated

in Auto Loans

SuperMoney Net Recommendation Score -69% 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

2 users recommend
4 users are unsure
20 users don't recommend
Cast your vote
Cast your vote

Would you recommend BMW Financial Services to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Overview

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 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."
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...

Contact

Availability

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

Minimum Age
18
Joint Loan Applications Accepted
  • Co-signer
Military Status
  • Active Duty Military
  • Non-Military
Maximum Vehicle Age
5
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Retired
  • Self-Employed
Credit Score Range
650 - 850
850 300 650
Immigration Status Considered
  • U.S. Permanent Resident
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
Loan Term (Months)
Up to
72
APR
Starting at
0.9%

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
Cancel my vote
(will require moderator approval)
Page 1 of 2