BMW Car Payment Relief

Lenders and Auto Loan Relief Programs

BMW Financial Services is often more than willing to work with you when you're having trouble making your monthly loan payments. But they can go even further than that with BMW auto loan Payment relief for Fairfax drivers.

Making a little extra to pay down the principal balance can save you thousands of dollars in interest over the life of the loan — not to mention keep you from losing your car when it gets repossessed and sold for less to help you get out of debt. If you haven't yet heard, BMW offers a program for customers in arrears or facing repossession of their vehicle or other adverse credit issues.

BMW Financial Services

If you think you’re not going to be able to make a lease or loan payment, you should contact BMW FInancial Services as soon as possible. BMW Financial Services can potentially help you stay behind the wheel of your BMW vehicle. While there is not a specific loan relief program, your individual circumstances may qualify you for lease or loan payment deferment. This is dependent on a review of your account details and situation by BMW Financial Services.

End of Lease Options

If you leased your vehicle before the pandemic began, you may have been anticipating to begin a new lease but aren’t in a financially good place to do so. At the same time, you can’t be without a vehicle. BMW Financial Services can help you explore your end of lease options and make the right decision for your needs.

Loan Deferment FAQs

What is a BMW Loan or Lease Deferment?

A BMW Loan or Lease Deferment allows you to request a scheduled cessation of your scheduled loan or lease repayments for several months. You can use this temporary break in monthly financial responsibilities as a way to catch up on past payments, lower your monthly payment amount and prepare yourself financially for future loan and lease obligations.

How Does a BMW Lease or Loan Deferment Impact My Credit Score?

A BMW lease or loan deferment will likely have no impact on your credit score if you are approved for the deferment. BMW lease and loan deferments can also help your credit score if you promptly pay all of your deferred payment amounts after the postponement is approved. The key is to act promptly to request a deferment and to abide by all the rules of it. You must still meet your financial obligations once your deferment is up and at the end of your loan or lease term.

How Do I Request a BMW Loan or Lease Deferment?

All types of debt relief available through BMW Financial Services are approved individually. Requesting a BMW loan or lease deferment can be done by contacting BMW Financial Services and their customer service department.