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.
PRESTIGE MINI TO BE FIRST MINI DEALERSHIP NATIONWIDE TO LAUNCH eCONTRACTING
Wed Apr 03 16:00:29 CEST 2013 Press Release
WOODCLIFF LAKE, NJ, April 3, 2013 –MINI Financial Services, a division of BMW Group Financial Services, is launching its newest expansion of eContracting to its MINI stores, beginning with Prestige MINI in Ramsey, NJ. This most recent roll-out of the industry-leading platform continues BMW Group Financial Services’ innovation-driven initiative to streamline the contracting process for customers and dealers across the portfolio of BMW Group brands. Delivering greater efficiencies and a seamless contracting approach, eContracting enables customers to not only save time when purchasing a vehicle, but of equal importance, diminishes any potential errors and provides quicker funding of contracts to dealers.
Press Contact.
Kenn Sparks
BMW Group
Tel: +1-201-307-4467
send an e-mail
Author.
Kenn Sparks
BMW Group
Related Links.
Other NJ-area MINI Dealerships to Follow, Opening the Door for Efficiencies in Time and Funding for MINI Dealers Nationwide
WOODCLIFF LAKE, NJ, April 3, 2013 –MINI Financial Services, a division of BMW Group Financial Services, is launching its newest expansion of eContracting to its MINI stores, beginning with Prestige MINI in Ramsey, NJ. This most recent roll-out of the industry-leading platform continues BMW Group Financial Services’ innovation-driven initiative to streamline the contracting process for customers and dealers across the portfolio of BMW Group brands. Delivering greater efficiencies and a seamless contracting approach, eContracting enables customers to not only save time when purchasing a vehicle, but of equal importance, diminishes any potential errors and provides quicker funding of contracts to dealers.
According to Steve Swecker, general manager of sales operations for BMW Group Financial Services, bringing eContracting into the MINI dealerships furthers the company’s evolution in mobility.
“While innovation is always key, the bottom line is to create a better customer experience within F & I,” said Swecker. “And saving time to complete the traditional finance process is one of the most important areas we can fulfill. eContracting streamlines the entire process and provides the dealer with an enormous efficiency that drives increased customer satisfaction. The digital, mobile and painless eContracting process is a natural fit for our ahead-of-the-curve MINI customers and dealers. Innovation is the heart of our MINI Financial Services business and the MINI brand.”
Swecker noted that BMW Group Financial Services has been utilizing eContracting since 2010, and the process is currently up and running in 17 states, which covers 80% of the contract volume. The addition of MINI participation will reach a combination of 250 dealerships that include both BMW and MINI throughout the country.
Efficiencies for eContracting include:
- Dealers realize an estimated 30% time savings utilizing eContracting.
- Documents are now transmitted electronically, eliminating the need for faxing or overnight costs such as FedEx.
- Quicker funding of a contract is realized, with near elimination to errors.
- Dealers can securely email documents to the customer.
- Customers can complete an application for financing on an iPad and sign the credit application electronically.
About BMW Group Financial Services
BMW Group Financial Services was established in the U.S. in 1992 to support the sales and marketing of BMW products. Since then, the Group has expanded to provide service to markets in multiple countries and continues to evolve beyond its role as a captive finance unit.
BMW Group Financial Services offers a wide range of leasing, retail and commercial financing and banking products tailored to meet the needs of the BMW customer. The Group also provides financing to BMW dealers for expanding dealership capabilities and enhancing overall operations. With more than $34 billion in serviced assets and 1,000,000 automotive lending customers across the U.S., Canada and Mexico, BMW Group Financial Services finances almost three-quarters of the BMWs sold or leased in North America. BMW Group Financial Services employs more than 800 people, including consultants and temporary workers, most of whom are located in the Hilliard, Ohio, Regional Service Center, which serves the U.S., Canada and Mexico.
In 2001, the MINI Financial Services division was established to provide support for the brand’s dealers and its customers by offering financing and leasing options and branded financial services products. Alphera Financial Services was established in 2006 to provide financial services to multi-brand dealers.
BMW Group Financial Services also offers credit card products through its subsidiary, the BMW Bank of North America. up2drive.com is a division of BMW Bank of North America, a wholly-owned subsidiary of BMW Financial Services NA, LLC. BMW Insurance Agency, Inc., a property and casualty producer, is also part of BMW Group Financial Services.
Information about BMW Group products is available to consumers via the Internet at:
# # #