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FAQ's |
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What does BMW Financial Services provide?
We provide financing and leasing, insurance, and personal loan. The product spectrum also includes classical banking products such as online current accounts or credit cards that meet our customer requirements.
Who can apply for these services from BMW Financial Services?
We offer customized financial services revolving around automobiles to dealers, corporate andprivate customers.
What is Hire Purchase?
Hire Purchase is the most straightforward way to pay for your new BMW. You choose the down payment amount, which is suitable to your budget and then pay off the remaining value of your loan in installments. With flexible contract terms from 12 months to 60 months, you can select the length of contract that best suit your requirements. Thereby the interest rate is fixed and costs are known in advance. When the contract period ends, you become the owner of your new BMW.
Will the interest rate change during the contract period?
The interest rate will not change for the duration of the customer's contract.
After all installments have been paid, what do I need to do?
BMW Financial Services will contact you to sign the ownership papers and will proceed on your behalf
to get the registration papers on your name.
How can I make the monthly payment?
BMW Financial Services provides three convenient ways to make your monthly payments.
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Direct debiting of your account. This service is available with any of the following bank branches: |
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 Bangkok Bank
Siam Commercial Bank
Bank of Ayudhya
Government Savings Bank
Siam City Bank |
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Pay-in slip with any of the following banks: |
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Bangkok Bank
Siam Commercial Bank
Thai Farmers Bank
Government Savings Bank
Deutsche Bank AG. |
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Post date cheque. |
What is my payment schedule?
Your payment schedule consists of equal monthly payments, based on the term of the contract.
(With BMW Hire Purchase (with balloon), you can refinance the final payment (balloon) amount
or pay off your final balloon to become the owner at the agreement.)
How is the monthly payment determined?
For a standard financing plan, the monthly installment is determinated by the vehicleprice, the down payment, the duration of the contract and the interest rate. For the finance products for example
BMW Hire Purchase (with balloon) the balloon payment also determines the installment.
What is the difference between Financing and Leasing ?
If you decide to finance your BMW, you become the owner after the contract
period. Leasing your BMW
is specifically designed for your business and you always know what you will be paying so it is easy to budget and your monthly installments are exempt from tax. At the end of the lease contract you can simply change to a new BMW.
Which advantage do I get when I decide to finance my car with BMW Financial Services?
We offer practical solutions, tailored to your individual needs and managed with the same high level
of service that has made our vehicles the top brands in motoring. |
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