"LET'S MOTOR" WITH MINI LEASING MILES New MINI Financial Services Program Creates Leasing Options Based on Estimated Number of Miles, Twists and Turns

Woodcliff Lake, New Jersey. March 22, 2002... MINI Financial Services, a
division of BMW Financial Services, makes it easy - and fun - to lease the new
MINI with the "MINI Motoring Lease." Since MINI 'motorers' are likely to take
wrong turns to anywhere whenever possible, the "MINI Motoring Lease" is based
on the number of miles a customer expects to 'motor.'

"MINI 'motorers' like to have fun on the road, so we've created a lease to
complement their love of motoring and keep up with those unexpected adventures,
" said Robert Devine, managing director of BMW Financial Services.

How the "MINI Motoring Lease" Works
If a customer expects to motor 40,000 miles during his MINI experience, the
terms of the lease would be calculated dividing 40,000 by 1,250 (average
monthly mileage) For instance, a driver who motors 40,000 miles would enter a
32-month lease. (40,000 ( 1,250 = 32) for a monthly payment of approximately
$305.

For a customer who anticipates "motoring" 55,000 miles, the lease term would be
44 months and a monthly payment would be about $275. Should a driver discover
mid-lease that his driving habits have changed and he simply can't resist
taking his MINI everywhere, MINI Financial Service's "Mileage Adjustment
Program" makes it possible to add additional miles. The "MINI Motoring Lease"
is available for an eligibility term of 24-48 months.

BMW Financial Services
BMW Financial Services NA, LLC was established in 1993 as a captive finance
company to support the sales and marketing efforts of the BMW Group in North
and Latin American. With more than $12 billion in managed assets and nearly
400,000 customers, BMW FS leases or finances more than half of the new BMW
vehicles sold in the U.S. BMW FS employs about 450 people, most of whom are
located in the Dublin, Ohio Customer Service Center.

BMW Financial Services provides a wide range of leasing, retail, commercial and
banking products tailored to meet the needs of BMW customers and dealers in the
United States, Canada, Mexico, Argentina and Brazil. 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 and credit card offerings is also available
through the BMW Bank of North America.

MINI Financial Services, the new division of BMW Financial Services, supports
the MINI brand's new dealer network and customers, providing financing and
leasing options for the MINI Cooper and MINI Cooper S.

Note to editors: MINI brand is an independent brand of the BMW Group. MINI is
presented in all capitals.