BMW FINANCE APPLICATION.
Getting behind the wheel of your new BMW is simple. Whether you’re an individual or exploring special purchase options, this page will guide you through the key requirements, necessary documents, and important details to prepare for your BMW Finance application.
KEY REQUIREMENTS.
The key requirements for individuals seeking finance are as follows:
- You (the applicant) need to be a South African citizen or have a valid permit to live and work in South Africa.
- You (the applicant) need to have a valid South African driver's licence. International driver’s licenses can be accepted with certain conditions attached.
- You (the applicant) need to supply comprehensive proof of income.
- You (the applicant) need to have a clear credit record.
- You (the applicant) need to earn a Gross Monthly Income in excess of R10 000 per month.
- The amount financed needs to be more than R50 000.
- The age of the vehicle at the end of the contract term must not exceed 12 years.
DOCUMENTS REQUIRED.
Documents for Individuals:
- Original ID Document.
- Original Driver's License
- Proof of income (payslips/bank statements)
- Proof of comprehensive insurance
Documents for Corporate Clients:
- Completed Company Application.
- Completed Individual Finance Application for owners and shareholders.
- Copy of valid ID document and driver’s licence.
- Proof of business address (utility account).
- Company Registration documents.
- Latest Annual Financial Statements.
- Latest 3 months bank statements in the company name.
HOW TO APPLY.
Ready to get behind the wheel of your dream BMW? Here is what you can expect from the application process.
- Ensure you meet the eligibility criteria.
- Select your BMW from the qualifying models.
- Contact your preferred BMW Retailer for assistance.
BMW Financial Services (South Africa) (Pty) Ltd is an Authorised Financial Services Provider (FSP 4623) and Registered Credit Provider (NCRCP2341).