You’ll receive your monthly Account Statement about 14 days before your due date. You can view your Account Statement sooner by visiting My BMW, where you can also sign up for paperless statements. You’ll receive an email alert when each paperless Account Statement is ready to view online.
First, payments are applied to unpaid finance charges, then to the outstanding principal balance, and finally to any outstanding fees. Your Account Statement will break down how your payments have been divided. My BMW details your amortization schedule.
Yes, we accept debit cards for monthly payments, but we don’t accept credit cards.
Grace periods–the amount of time from your due date to when your account will be assessed a late charge–are regulated by the state you live in. Please refer to the Account Summary section of your Account Statement to see if you’re eligible.
If you pay more than the total amount due, the amount is applied to the principal balance. This may help reduce the interest you pay over the life of your loan, decrease the term of your loan, or lower the final payment.
Credits are applied on the scheduled due date and appear on your Account Statement. Consult your Account Statement for further details.
Federal law requires us to inform you that we might report certain details about your account to credit reporting agencies. Late payments that are more than 29 days past due, missed payments, or other defaults may show up on your credit report. As required by law, you are hereby notified that a negative credit report reflecting on your credit records may be submitted to a credit reporting agency if you do not comply with the terms of your account agreement.
At BMW Financial Services, we offer competitive interest rates and flexible terms from 24 to 84 months, as well as a variety of down payment options. You can choose weekly, bi-weekly, or monthly payment plans. You can also choose from two balloon financing options, BMW Select and BMW OwnersChoice, which come with all the perks and security of ownership, plus low monthly payments. Contact Rallye BMW to learn more.
When applying for financing, you’ll need to complete a credit application to make sure you meet our qualifications. If you have questions about your eligibility or how approval works, feel free to contact us. We’re here to help you drive off the lot with your ideal vehicle!
In some cases, yes. With that said, most drivers choose to make a down payment, as it reduces what you need to pay each month.
You can finance BMW Certified vehicles and pre-owned vehicles through BMW Financial Services. Bear in mind, however, that your preferred model must be a 2016 model year or newer.
We aim to provide you with an answer as soon as possible–usually, within 12 to 24 hours of receipt of your application.
Yes. As with any other financial institution, BMW Financial Services requires proof of income with all financing applications.
We help you customize a lease based on your Syosset and Roslyn driving needs and budget. You can choose term lengths, mileage needs, and more with low monthly payments. Your interest rate and the residual value of your vehicle will be rolled into your contract for maximum transparency on your lease terms.
When applying for financing, you’ll need to complete a credit application to make sure you meet our current qualifications. If you have questions about your eligibility or how approval works, feel free to contact us.
Yes, in some cases, you can, but most buyers opt to put down a down payment to reduce their monthly payments.
Most BMW Certified vehicles qualify for leasing. The BMW Certified Program is a comprehensive certification program for pre-owned BMWs. To qualify, vehicles must have more than 300 miles but less than 60,000 miles. We review the CARFAX™ or AutoCheck® report for each vehicle and check that each vehicle has genuine BMW parts, as well as an updated maintenance history. Then, trained technicians perform 360° vehicle inspections, reconditioning, and approvals before conducting a thorough road test.
No, BMW Financial Services does not offer an unlimited mileage car lease. But if you exceed your mileage limits on Jericho roads, you still have options. For instance, you can buy out the lease at the end of your lease term, buy additional miles at a lower rate before returning your BMW, or pay a set amount per overage mile.
You don’t have to worry about overages when you establish your mileage upfront. With the Mileage Adjustment Program, you can buy additional miles at a discounted rate up until the day before you turn in your vehicle. Learn more about the Mileage Adjustment Program. Purchase additional lease miles by calling (800)-959-4269 or by signing into My BMW.
We may have options available to extend your lease term to allow you to lease up to six months beyond the contract maturity date. These extensions are subject to specific limitations and eligibility requirements. Contact Rallye BMW to learn more or visit My Account. Remember that lease extension options are only available in the final two months of the contract term.
We offer optional BMW Lease-End Protection! This protection package covers excess wear and use charges for interior stains, tire wear, chips, dents, dings, and more at the end of your lease and for up to $5,000 total. Visit My BMW to see if your vehicle has Lease Protection or contact us for information on how to invest in BMW Lease Protection for your vehicle.