The Easy Drive financing solution has been introduced by BMW Group Financial Services Malaysia. What BMW Group Malaysia says it does is that it will make Sheer Driving Pleasure more accessible or in more common talk, make BMW or MINI vehicles have another financing option for you folks to choose from. This time the Easy Drive is directly from the people that actually sell the car officially.
Easy Drive is quite a straightforward financing (leasing style) arrangement. The customer gets to choose a down payment between 10% to 30% of the vehicle value. They also get to decide a loan tenure of three or four years, as well as mileage options of either 20,000km or 25,000kmper year.
Based on this basic criteria (before getting into more finer details), a monthly instalment will be calculated, and the Guaranteed Future Value of their car will be agreed and signed upon upfront to protect customers from unexpected depreciation. The Guaranteed Future Value also serves as the value for the final payment. Like most premium car financing, you pay a fixed monthly amount throughout the tenure and then just hand over the keys to the car over to BMW Group Financial Services and walk away or continue with the financing arrangements, or take a new car on another set of terms. Whatever the case, it makes the chore of disposing of the vehicle much easier as they do it for you.'
There is also Easy Drive Prime, which takes care of exterior and interior of the car also for an extra monthly payment sum of around RM110.00 which is basically an additional insurance premium to cover additional unforeseen circumstances (called Ultimate Protection Elite). So total peace of mind can almost be achieved with this programme.
According to Mr. Tobias Eismann, CEO and Managing Director of BMW Group Financial Services Malaysia (BMW Credit (Malaysia) Sdn. Bhd. and BMW Lease (Malaysia) Sdn. Bhd.), their Mission is to Make Mobility Easy, Flexible and Affordable for everybody. With Easy Drive, customers can experience a new way of owning BMW or MINI, which is drive now and decide later.
Harald Hoelzl, Managing Director of BMW Group Malaysia, said, “We are always working towards identifying new trends early and translating them into practical applications. While the general trend today sees long-term car ownership, there is a growing population who seek to change cars every three to four years.”
With Easy Drive, customers are given the ultimate freedom to define their financing
journey.
To start, they get to choose a down payment between 10% to 30%. They also get to
decide a loan tenure of three or four years, as well as mileage options of either
20,000km or 25,000km annually. Based on these, a monthly instalment will be
calculated, and the Guaranteed Future Value of their car will be agreed and signed
upon upfront to protect customers from unexpected depreciation. The Guaranteed
Future Value also serves as the value for the final payment.
At the end of the tenure, customers are given a wide range of settlement options.
They can either:
(a) Trade in the car, and upgrade to the next BMW or MINI model of their choice;
(b) Return the car at the end of their tenure with no further obligations, worry-free
from the reselling process;
(c) Settle the final payment, which can be paid in full, and call the car their own; or
(d) Extend their contract term, to enjoy their car longer.
Easy Drive Prime.
For an additional RM 110* to the monthly instalment, customers can choose to enjoy
more value-added benefits that are essential for the driver and the vehicle with Easy
Drive Prime. They can enjoy two years of interior and exterior car care, a three-year
coverage of the Ultimate Protection Programme Elite, a Premium Mobility package**
which provides customers with a branded Smart Tag device with a Touch ‘n Go card, as
well as BMW Lifestyle Collection.
The Ultimate Protection Programme Elite is underwritten by Allianz General Insurance
Company, a first-of-its-kind insurance plan that covers both the driver and their vehicle
for special relief, scratch and dent, compassionate flood cover and more***.
* Varies between brands and models.
** Premium Mobility Package is limited on a first-come-first-served basis.
*** Please refer to Appendix 1 below for more coverage. Scratch and dent only applicable for 1 st year.
Complete Premium Ownership Experience. BMW Group Loyalty+ Mobile App
BMW and MINI ownership experience also include BMW Roadside Assistance and
Accident Hotline, BMW Service Online and the industry’s first mobile loyalty application,
the BMW Group Loyalty+ Mobile App.
Through the BMW Group Loyalty+ Mobile App, customers can have quick access to
their contract overview, with an intuitive e-payment interface. Customers can also apply
for direct debit automation, request early termination quotation, as well as view end-of-
term options.
For more information on Easy Drive, please visit
https://www.bmw.com.my/en/topics/bmw-owners/bmw-financial-services/financing.html
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