BMW FINANCIAL SERVICES GIVES DEALERS FAST CASH Self-serve Funding Takes the Wait out of Contract Transactions

WOODCLIFF LAKE, NEW JERSEY, October 25, 2001... In a move designed to further
enhance service to its nationwide network of retailers, BMW Financial Services
(BMW FS) has launched a new program to expedite retailers financing of retail
auto sales.

Self-serve funding enables BMW FS to provide retailers with payment on their
sold vehicles before the paperwork is completed (received for processing) -
usually within one business day. "We have reduced the average waiting time for
payment on a contract from two days to none," says Bob Devine, Managing
Director of BMW FS in the United States. "That means improved cash flow for
retailers, which in turn, means savings for them." Devine estimates that a BMW
retailer, using the new system for half of all transactions, could save more
than $7,000 per year in interest.

Using expanded computer technology, self-serve funding allows retailers to
electronically input all transaction data, and eliminates the two to three day
wait for receipt of documents by BMW FS before payment is made. "This is one
more step in our efforts to provide our retailers with world class service,"
Devine adds.

BMW's self-serve funding system has been in place for leased vehicles for
nearly a year, and about 20 percent of all leasing transactions are now being
completed electronically. With the expansion of the new system to include
retail sales, Devine anticipates that in December nearly 40 percent of all
transactions - sales and leasing - will be completed this way. As more
retailers are trained in using the self-serve funding system, usage is expected
to climb even further.

BMW Financial Services

BMW Financial Services North America was established in 1992 as a captive
finance company to support the North and Latin American sales and marketing
efforts of the BMW Group. With over $11 billion in managed assets and more
than 364,000 customers, BMW FS leases or finances over half of the new BMWs
vehicles sold in the U.S. BMW FS employs about 400 people, most of whom are
located in the Dublin, Ohio, Customer Service Center. BMW FS also services
the Canadian market and recently opened a new Financial Services company in
Brazil.

BMW Financial Services provides a wide range of leasing, retail, commercial,
banking and insurance products tailored to meet the needs of BMW customers and
dealers. All lease servicing, including credit underwriting, funding,
customer service, title administration, lease-end and collections are handled
at the Dublin customer service center. A growing portfolio of banking, credit
card and insurance offerings are also available through the BMW Bank of North
America.

BMW Group in America

BMW of North America has been present in the United States since 1975. Since
then, the BMW Group in the United States has grown to include marketing, sales
and financial service organizations for the BMW, BMW Motorcycles and MINI
brands; a South Carolina manufacturing operation; DESIGNWORKS/USA, an
industrial design firm in California; a technology office in Silicon Valley and
various other operations throughout the country. The BMW Group is represented
in the U.S. through a network of 341 car, 321 Sports Activity Vehicle and 153
motorcycle retailers. BMW US Holding Corp., the Group's headquarters for
North, Central and South America, is located in Woodcliff Lake, New Jersey.

Information about BMW Group products is available to consumers via the World
Wide Web on the BMW homepage at http://www.bmwusa.com,
http://www.bmwmotorcycles.com and http://www.miniusa.com.