The BMW Financial Customer Service is the wing of the German automaker that handles financing and leasing agreements for customers purchasing or leasing vehicles from the brand. The division also offers a variety of incentive programs to buyers, including a program for college graduates and discounts for active duty military members. This is not unusual for car manufacturers to have their own finance operations, which are separate from the main sales operation.

The company operates in the United States and other countries, and is headquartered in Woodcliff Lake, New Jersey. It has several other facilities, including a technology development center and a vehicle preparation center in Woodcliff Lake, and a regional distribution center in Nazareth, Pennsylvania.

Customers can work with BMW Financial Services to get a loan or lease for a BMW vehicle through a local BMW dealership. The company also offers a range of programs that help protect the value of a BMW, such as anti-theft protection and guaranteed future value. These benefits can make the difference for someone who is shopping for a used BMW or looking to buy a car with cash.

BMW Financial Services can be contacted online or by phone. The company’s website is an excellent resource for researching a specific model or checking current rates. The site also has a helpful FAQ page that answers commonly asked questions about BMW financing and leasing. The company is committed to transparency, and the website lists important contact information, including an address, email, phone number, and fax number.

The credit application process is quick and simple. The lender can approve or decline a request within a few days. The company accepts applications for both new and used cars. The lender may require a down payment or offer a cosigner to meet eligibility requirements. The company does not disclose a minimum income requirement, but borrowers should have a credit score above 650 to qualify for the best rates.

In addition to providing loans and leases, BMW Financial Services also offers a full suite of insurance products. This includes standard automobile insurance, which covers the cost of repair and replacement for a vehicle in case of an accident. The lender also offers protection packages to enhance the value of a BMW, such as mechanical breakdown coverage and interior protection.

One of the most important things to remember when working with BMW Financial Services is that the company only works with a select group of dealers. That means if you find a car for sale at a non-partnered dealer, it will not be possible to use financing from BMW Financial Services. Fortunately, there are other lenders that can provide financing for your new car purchase, so it’s a good idea to shop around before making a decision. In addition, it’s always a good idea to shop with multiple lenders before finalizing a deal to ensure you are getting the best rates available. Lastly, be sure to consider whether the lender reports your account activity to credit bureaus. This will impact your credit score and could affect your ability to get a loan or lease in the future.