Fees and Interest Rate.

Credit Fees:
Establishment Fee $250 is charged for the establishment of a new contract
Assignment Fee $250 is charged if BMW agrees you may assign the contract
Dealer Origination Fee $125 is charged by the dealer/agent for the purpose of arranging the contract


Default Fees:
Dishonoured payment $10 is charged in the event that a payment tendered is dishonoured by your bank
ITR fee $10 is charged when an ITR (Intention to Repossess) letter is issued if your loan account goes into arrears
Warrant to Act fee $25 is charged when a Warrant to Repossess is issued due to a breach of terms
Post Repossession fee $100 is charged when a Post Repossession Notice is issued after we have repossessed the Motor Vehicle


Default Interest Rate:

If you fail to make any payment on the due date the default interest is payable on the overdue amount from the due date until the date full payment of the overdue amount is received by BMW.

Default interest is calculated at the rate of 5% per annum plus the annual interest rate stipulated in your contract.


Interest Rates:
Personal Loans / Finance Lease Current Annual Interest Rate
BMW* - Motor Vehicle 11.99%
ALPHERA – Motor Vehicle 13.85%


Limited period 3 and 4 Series offer available on ¼, ¼, ¼, ¼ at 0% interest rate. Offer ends 30 September 2017.

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* for loans/finance leases through BMW, MINI & Rolls Royce Authorised Dealers

BMW Financial Services lending criteria and terms and conditions apply

Interest rates and fees are subject to change at any time; please refer to your BMW or ALPHERA dealer or phone 0508 269 346 on date of application.


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