Chattel Mortgage - BMW Premium Certified Used Cars

General Lending Rates

Product Variations

Product Features

• Digital Banking Additional Information: Online application with quick verification and dealer support. Manage your finance contract with BMW One app

• Other Additional Information: Ownership: Our Chattel Mortgage offers a fixed interest rate and no account keeping fees. You own your BMW with predictable costs and long-term benefits

• Other Additional Information: Tailor your finance with a balloon or Guaranteed Future Value. Conditions apply

• Bill Payment Additional Information: Option to pay via Direct Debit or BPAY

• Extra Repayments Additional Information: Customer may pay out the chattel mortgage early, subject to an early termination fee

• Guarantor Additional Information: Subject to terms and conditions, the customer may be required to nominate a guarantor during the origination process

Product Eligibility

• Other Additional Information: The vehicle must be used wholly or predominantly (>50%) for business purposes

• Other Additional Information: New customers must not be an undischarged or discharged bankrupt. Existing customers must not be an undischarged bankrupt

• Other Additional Information: Credit Assessment: Eligibility is subject to credit approval based on the applicant’s financial and employment information. Lending criteria, fees, charges and conditions apply

• Min Age - 18. Additional Information: For Individuals only customers older than 18 years may apply

• Residency Status - Applicants Must Have The Legal Right To Work In Australia. If Working Rights Cannot Be Established, Finance Cannot Be Provided.

• Business Additional Information: Applicable for Individuals, Sole traders and companies

Bank Fees and Charges

• Early Termination Fees (Exit), Amount: Not Listed..

• Establishment Fees (Upfront), Amount: Not Listed..

• Dealer Origination Fees (Upfront), Amount: Not Listed..

• Ppsr Fees (Event), Amount: Not Listed..

• Account Keeping Fees (Periodic), Amount: Not Listed.. Additional Information: No Account keeping fees

• Cheque Dishonour Fees (Dishonour), Amount: Not Listed..

• Direct Debit Dishonour Fees (Dishonour), Amount: Not Listed..

• Verification Statement Fees (Event), Amount: Not Listed..

 Limitations & Restrictions (Constraints)

• Min Balance of 25000.00 Additional Information: Loan amount must exceed $25,000

• Other of Eligible Vehicle Additional Information: Available across select preowned BMW Premium certified models. The maximum age of a vehicle at end of term is 14 years, or 12 years if a balloon payment (RV) is sought, or 8 years if a Full Circle Loan or Operating Lease is sought. Subject to vehicle stock availability and only at participating authorised dealers

• Max Lvr of 1.25 Additional Information: The maximum loan amount can be up to 125% of the vehicle’s assessed value

• Other of Additional Information: Customers must take out comprehensive insurance coverage over the Vehicle for the loan term and specify the BMW Financial Services as the interested party

• Other of Additional Information: Contract Term should be between 24 and 60 months.

• Other of Additional Information: Customer must grant a first ranking security interest over the Vehicle

• Other of Additional Information: Conditions apply to Guaranteed Future Value product