BMW Financial Services, the captive finance arm of the BMW Group, has extended its Full Circle finance product to include pre-owned models.
It says customers can select from BMW Premium Certified pre-owned vehicles across the country and benefit from an array of features when they take up a BMW Finance package to purchase.
Full Circle is an product offering from BMW Financial Services that up until now was only available for new BMW vehicles.
It now unlocks access to thousands of BMW Premium Certified pre-owned vehicles, which pass a 360-degree mechanical and safety check and come with verified service history, six-month/10,000km service free period, 24-months’ roadside assistance and accident management.
The headline feature of Full Circle for BMW Premium Certified pre-owned – as it is for new BMW cars – is the Guaranteed Future Value (GFV).
When a customer enters a finance contract, they commit to a lump sum final repayment equivalent to the GFV. The customer then has the option to return their vehicle at the end of the finance period, provided fair wear and tear and kilometre requirements are met.
Customers can also tailor their loan by choosing finance terms, annual kilometre allowance and repayment frequency.
At the end of the loan, there is the option to retain the vehicle by paying out or refinancing the GFV amount, returning it, or trading it on another BMW Premium Certified pre-owned vehicle.
Other features include a fixed interest rate and loan duration of between 24 and 60 months to aid flexibility.
BMW Financial Services sales and marketing general manager Jacob Dimech says Full Circle for BMW Premium Certified pre-owned vehicles provided a reassuring arrangement for customers while broadening the product offering of BMW Finance.
“We are delighted to launch this new product and open up the benefits of our Full Circle new car finance, which has proved so popular to so many customers around Australia, to a wider buying audience,” Dimench says.
“Our aim is to provide peace of mind both via features such as Guaranteed Future Value – a rarity in the used car finance space – and offering the product exclusively for BMW Premium Certified pre-owned vehicles, which must pass stringent checks and conditions before they can be part of the program,” he says.
