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PressClub USA · Article.
"LET'S MOTOR" WITH MINI MOTORING LEASE
Mon Jun 24 12:00:00 CEST 2002 Press Release
MINI Cooper S Lease Developed by MINI Financial Services
Press Contact.
Martha McKinley
BMW Group
Tel: 123
Fax: 201-573-8416
send an e-mail
Author.
Martha McKinley
BMW Group
MINI Cooper S Lease Developed by MINI Financial Services
Woodcliff Lake, New Jersey, June 24, 2002... MINI Financial Services, a
division of BMW Financial Services, has customized the MINI Motoring Lease for
the new MINI Cooper S.
"MINI motorers are likely to seek out, and enjoy, detours along the road, and
we want to make sure their lease complements their love of motoring," said
Robert Devine, Managing Director of MINI Financial Services.
What sets the MINI Motoring Lease apart from more mundane financial instruments
is that it is developed around mileage, rather than length of term, Devine
explained.
A typical MINI Motoring Lease for the new MINI Cooper S would cost
approximately $300 a month, plus taxes, title and license. That monthly lease
payment was developed based on the following assumptions:
* Total mileage of 50,000
* Price of $21,000 ($19,850 base price plus one combo package at $1,250)
* Down payment of $1,000
* Term of 40 months
* Motoring about 1,250 miles a month
BMW Financial Services
BMW Financial Services, 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 America. 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. All lease servicing for the United States, including
credit underwriting, funding, customer service, title administration, lease-end
and collections are handled in Dublin. A growing portfolio of banking and
credit card offerings is also available through the BMW Bank of North America,
based in Salt Lake City, Utah.
BMW Financial Services, Americas Region, 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.
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