In Reply to: Attn: John Shafer - Please tell about recent grad posted by finance program-not much info on bmwusa on October 05, 1999 at 22:11:11:
Great program! Up until recently, the maximum amount financed / cap cost was limited such that unless the buyer had a sizeable down payment, a new BMW 3 Series was simply out of reach... Realizing, of course, that the highly-educated twenty-somethings were a huge component of the buyer demographic, BMW decided to increase the "advance parameters" of their college grad program. All you need is a job with enough income that justifies the payment when considering the debt:income ratio -or- the payment:income ratio... You will also need an "employment letter"... If you have had credit previously, it ought to be "clean" (i.e. free of delinqent/derrogatory accounts)... Furthermore,
you will need to provide either a copy of your diploma (from an accredited 4-year academic institution), or a copy of the "Official Transcripts" from "The Office of the Registrar"...
The best part is that you can submit your application online directly vis-a-vis the internet... Talk about a "progressive" car company! I.M.H.O. BMWFS is "The Ultimate Lending Machine"... :-)