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

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 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?

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

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.

  • Max Loan Term (Months)
    72
  • Institution Type
    Other
  • Credit Score Range
    650 - 850
  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Retired
    • Self-Employed
  • 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
  • Funding Time Range (in days)
    1 - 7
  • Joint Loans Available
  • APR
    Starting at 0.9%
"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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