BMW Financial Services Korea launches the ‘BMW Assured Plan Financing’ product to reduce the interest burden for new BMW car buyers.
The BMW Assured Plan Financing is a variable interest product where the financing rate decreases in line with the Bank of Korea’s base rate cuts. If the base rate drops from the time of the contract, the financing rate will be adjusted down by the same amount. Conversely, if the base rate increases beyond the contract rate, the higher rate will not impact the customer’s agreed rate, effectively easing their financial costs. The applicable rate will change according to the Bank of Korea’s base rate every June and December.
This program offers two products: the ‘BMW Assured Plan Standard Financing,’ which features fixed monthly payments for a 36-month term, and the ‘BMW Assured Plan Smart Financing,’ which guarantees the vehicle’s residual value three years from the purchase date to alleviate monthly payment burdens.
The BMW Assured Plan Financing program is available starting with customers purchasing the flagship BMW sedan, the New 7 Series, and the ultra-high-performance SAV, the New XM, with plans to expand to various models in the future.
Contact: Lee Sang-jin daedusj@autodiary.kr