To the extent that historical press releases reference BMW Manufacturing Co., LLC as the manufacturer of certain X model vehicles, the referenced vehicles are manufactured in South Carolina with a combination of U.S. origin and imported parts and components.
PressClub USA · Article.
BMW FINANCIAL SERVICES INTRODUCES ONLINE CREDIT APPLICATION WITH IMMEDIATE FEEDBACK
Fri Aug 02 12:00:00 CET 99 Press Release
While most automobile owners fondly recall the exhilaration of driving their new car for the first time, few relish the memory of hours spent filling out financing paperwork at the dealership.
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Martha McKinley
BMW Group
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Author.
Martha McKinley
BMW Group
WOODCLIFF LAKE, NJ, AUGUST 2, 1999. While most automobile owners fondly recall
the exhilaration of driving their new car for the first time, few relish the
memory of hours spent filling out financing paperwork at the dealership. Now,
easy-to-use online tools from BMW Financial Services (BMW FS) are simplifying
the buying process by allowing customers to complete paperwork from their home,
office or hotel room.
Prospective BMW buyers in all 50 states now can log onto the company's Web site
(www.bmwusa.com) and build the car of their dreams, apply for financing,
receive credit approval notification and have their BMW retailer notified of
their financing request within hours. Approved customers can walk into their
BMW retailer with their preliminary research, legwork and completed credit
approval.
According to Lindsay Duffield, Managing Director, U.S. BMW Financial Services,
more than 60 percent of the brand's online visitors are car shopping. Duffield
said the online credit application and other tools help those potential car
buyers realize that a BMW may be within their reach.
"Our best customers are informed customers," Duffield said. "Customers can be
confident that when they are on our Web site they are getting the most accurate
and up-to-date information on BMW products and services."
Five Easy Steps
Consumers who log onto the Web site begin by choosing the model they want from
the full line of new automobiles on BMW's Virtual Center. Online visitors are
guided through a series of choices such as interior and exterior colors and
options that allow them to "build" the vehicle they want.
Next, consumers select the financing option (lease or finance) that best
matches their individual driving habits. Then, the BMW FS payment estimator
will calculate an approximate monthly payment on the BMW they have "built."
Finally, the consumer can submit a fast and simple credit application directly
to BMW Financial Services.
Providing Immediate Feedback
Once the application is submitted, BMW Financial Services will evaluate the
application, typically within hours of receiving it. Consumers are
automatically advised of their approval status via e-mail. The decision also is
simultaneously routed to the BMW dealership selected by the customer.
BMW Financial Services N.A., Inc. was established in 1993 as a captive finance
company to support the North and South American sales and marketing efforts of
BMW and Land Rover. With almost $9.5 billion in managed assets and 290,000
customers, BMW FS leases or finances one out of two new BMWs and Land Rovers
sold in the U.S. BMW FS has over 300 employees, most of which are located in
their Dublin, Ohio, Customer Service Center. BMW FS also services the Canadian
market and just recently opened a new Financial Services company in Brazil.