How Much Do I Owe On My BMW?

a lease that is tailored to your needs.

Leasing can be the most flexible choice if you enjoy driving the newest BMW every few years and like to leave your options as free as the road. You may tailor a lease with BMW Financial Services to your driving requirements, choosing term lengths, mileage requirements, and more with affordable monthly payments.

Financing can be your best choice if purchasing the Ultimate Driving Machine(r) is your ultimate goal. Low interest rates, flexible options, and unlimited mileage are all features of the BMW financing programs. When the time comes to upgrade, we even make it simple to use your trade-in value.

Explore our available Lease and Financing Programs to get started, or get more information by contacting your nearby BMW Center.


With the opportunity to apply online, getting behind the wheel of your Ultimate Driving Machine is now easier than ever. Anywhere and whenever.

  • Before choosing your new or demonstrator vehicle, submit a financing application.
  • Apply whenever and wherever it suits you, at your convenience.
  • Take advantage of simple document upload and identity checking.
  • Utilize real-time application updates to stay informed.

Before applying, you can use our repayments calculator to examine your possibilities. To calculate your potential repayment amount, simply input your projected finance amount.

How can I settle my BMW loan?

Paying with a phone Make a one-time payment over the phone at 800-578-5000 using your checking or savings account or debit card for that day, or schedule it for a later time.

Can I pay off my BMW loan before it’s due?

Prepayment penalties won’t apply to you, or their total cost will be less than what you would have otherwise paid in interest. Early car loan repayment won’t put too much strain on your cash.

Does BMW intend to reduce my interest rate?

Your only financing option for leasing comes from BMW FS, which doesn’t negotiate or match prices. If you plan to buy the vehicle, you are free to forgo BMW FS’s uncompetitive rates and negotiate a lower rate with virtually any other lending institution.

What credit rating is required to purchase a BMW?

You need a credit score of at least 680 to have the highest chance of being accepted by BMW Financial Services. With a lower credit score, it is still feasible to be authorized for leasing or purchasing, but the rates won’t be as good.

Upon acceptance, BMW Financial Services often provides borrowers with low- and no-interest choices based on their creditworthiness.

BMW provides $1,000 off a new or certified pre-owned vehicle to recent graduates. In order to take advantage of this offer, a degree must have been earned within the last 24 months or the student must graduate within the next six months and have a confirmed job offer. There are additional requirements that must be fulfilled, such as a debt-to-income ratio of no more than 20%.

How can I obtain a financial statement for BMW?

APP FOR THE BMW The app lets BMW Finance customers examine loan statements, interest charged letters, payout quotes, and much more whenever and wherever they want.

Is there a payment app from BMW?

With the launch of its new My BMW app, which incorporates BMW Financial Services, BMW AG is boosting its omnichannel client experience. BMW Financial Services is incorporated into the app, which goes on sale to US consumers on April 12. This enables iOS and Android users to pay their lease or loan payments, set up and amend payment methods, access account information, and enroll in […]

Does BMW have a bank of its own?

A financial institution and member of the BMW Group is the BMW Bank GmbH. In Munich, Germany, the business today known as BMW Group Financial Services was established. The BMW Leasing GmbH, which is likewise based in Munich, was added in 1973. The manufactured goods include BMW, MINI, and Rolls-Royce automobiles. BMW Group Financial Services are present in 53 nations across the globe through 26 enterprises and 27 corporations.

The portfolio of BMW Group Financial Services comprises inventory funding and financing for the BMW and MINI retailers as well as purchase funding and financing for cars and motorcycles for the clients of the BMW and MINI retailers. The range also covers the financing of used cars that are one year old and the distribution of cash credits. MobilPlan onTop (savings account with bonus for buying a car), MobilPlus (call money), fixed deposit, savings bond, Multimanager Investmentfonds (investment funds), BMW-Card (credit card for BMW drivers), Online-Tagesgeld (call money), Fonds-Navigator (funds navigator), and Spar + Invest (save + invest) are all available as asset management services from the company. Bonus on Top is also available.

The leasing industry includes a variety of products in its product line for the BMW and MINI stores, particularly in the automotive industry. Services like insurance, upkeep, and repair are optional. The distribution is carried out through the BMW Group’s trade organization, direct sales in the areas of asset management services and Direct Finance, and other means as well.

Can I sell Carvana my lease on a BMW?

Many lessees are discovering that their automobiles are worth significantly more than their current payback amount as used car values surge. You might be able to sell the car for a profit to a third party (such Carvana, Shift, Vroom, and CarMax) rather than just returning it after the lease expires.

However, some lenders are making it difficult for customers to access this “lease equity” by requiring third parties to pay a higher lease buyout price than consumers do, or by outright banning third parties.

Which app is necessary for my BMW?

Keep track of the status of the charging process, tire pressure, fuel, and battery levels, among other things. Using Remote Services, you may also lock, unlock, and locate your car.

My BMW App helps you find parking, discover POIs, send your destination directly to your BMW, and even check the range of your electrified vehicle.

Right from your phone, manage your BMW Financial Services account. Make payments, receive reminders to make payments, and more.

Can I offer Carmax my rented BMW?

Yes! You can often sell your leased vehicle in a manner similar to that of any other financed vehicle. We will assess the vehicle, then get in touch with the lease company to get a payment quote and handle any equity you may have.

What is the BMW grace period?

The BMW Financial late payment policy offers a 7–15 day grace period. Grace periods differ from lender to lender, and as a result of the coronavirus outbreak, banks are now much more understanding with their customers.

The minimum late fee we’ve seen was 5% of the monthly payment amount, although late rates vary greatly every loan. However, unless you have an emergency, we strongly advise against using BMW Financial’s grace period. You would be endangering your credit, which could have a long-lasting, detrimental effect on your personal finances.

Instead, we advise you to see if refinancing will lessen your monthly load and perhaps even generate unforeseen cost savings. Give us your phone number, complete our three easy steps, and we’ll make you a definite offer that’s 100% online and won’t affect your credit.

Can I use my phone to start my BMW?

With the BMW Digital Key and BMW Digital Key Plus, go keyless. The key fob for your car can be replaced with an iPhone, Google Pixel, or Samsung Galaxy smartphone that is compatible. To lock and unlock, simply touch it to the driver-side door handle. To start the engine, place your device in the wireless charging tray.

What distinguishes the BMW Connected app from the My BMW app?

Every each generation of BMW apps has injected more technology into the driving experience, further fusing your personal life with that of your car. This generation was no exception. Except that the most recent premiere was meant to be a wink to the drivers of electric cars.

My BMW remote app enhanced their overview and broadened their operational range while the BMW Connected app started to enable remote access to car statistics, executing upgrades to the on-board software, or controlling specific vehicle operations. It provides direct access to service facilities, significantly improves plug-in hybrid and all-electric model functions (displays electric range, charging status, tracking of charging history, programming of charging in a time slot, etc.), and provides more practical use of maps and navigation.

Is there a tracking device in my BMW?

Today, BMW is using more technology than ever before in their latest vehicles. The 2019 BMW X4, X5, X6 and X7 models can accommodate trackers that allow you the freedom to access your car’s features and navigate from anywhere, just as the 2018 X2 and X3 models. Car theft is expected to become a thing of the past as trackers make use of the most recent technological advancements.

Enjoy security and peace of mind knowing that your Trackstar stolen vehicle tracking system is accredited by Thatcham and protects you from possible vehicle theft. The UK automotive industry has approved the installation of Trackstar, the ONLY stolen vehicle tracking and recovery product that has received approval from Jaguar, Land Rover, Range Rover, and BMW.

  • Approval of Insurance
  • Motion Detection
  • 24 Hour Surveillance
  • Standard Pan-European Cover
  • Range Rover, Jaguar, BMW, Land Rover, and approval
  • applicable to your upcoming automobile

Our trackers are BMW approved and offer cutting edge GPS tracking with integrated Motion Sensor technology, round-the-clock monitoring, and full transferability to a future vehicle.

Is it worthwhile to pay off your auto loan early?

Early car loan repayment can help you save money on interest, but it’s not always the wisest course of action. Your loan might be worth paying off early if:

  • It is less expensive to pay the settlement amount to clear your debt than to keep making payments.
  • You desire full ownership of the vehicle. You won’t own the automobile you finance through hire purchase or PCP until you’ve made all of your payments, so paying it off early gives you ownership of the vehicle sooner. After that, you have the option of continuing to drive it while not making payments or selling it.
  • You have the financial means to satisfy your debt in one big sum. Make sure you have enough money saved in your emergency fund to meet any unforeseen costs while still being able to pay the settlement amount. If you spend all of your funds on paying off your debt, you might end up having to take out a higher-interest loan to pay for any future emergencies.

You might be able to make overpayments to your financing instead of making the whole amount, which will help you pay off your debt more quickly. To find out if you may do this and whether you would incur any additional fees, get in touch with your service provider.

How is the lease buyout determined?

On your monthly leasing statement, look for a “buyout amount” or “payoff amount.” This buyout price is derived by adding the initial residual value of your vehicle, the total number of payments still due, and perhaps a vehicle purchase fee.