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BMW makes motor finance simpler

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9 June 2015

BMW Group Financial Services wants to make the complex world of motor finance more transparent and less convoluted.

It comes at a time when the UK car market is celebrating over three consecutive years of growth and the nation is funding these car purchases in the main through motor finance.

BMW Group Financial Services has now set out details of its pledge

Today, more than three quarters of company car drivers purchase a vehicle on dealer-sourced finance, according to figures from the Finance & Leasing Association, but it is just one of a number of financial contracts people are faced with to fund modern lifestyles.

To provide clarity to the process of purchasing a car, BMW Group Financial Services has now set out details of its pledge.

From now on, whenever someone walks into any BMW or MINI centre, the core finance package will be the same for each product, regardless of the term or vehicle selected.

The only variance will be if different retailers make promotional packages available. This consistency across the group’s retailer network aims to give consumers ‘total confidence’. Importantly, buyers will be given the full breakdown of the contract, not just monthly charges, and there will be no set-up fees.

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