KUALA LUMPUR (Feb 15): BMW Credit (Malaysia) Sdn Bhd and BMW Lease (Malaysia) Sdn Bhd (BMW Group Financial Services Malaysia) have introduced a flexible financing solution called Easy Drive for BMW customers.

“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,” BMW Malaysia Sdn Bhd managing director Harald Hoelzl said in a statement today.

For starters, BMW customers get to choose a down payment of between 10% and 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 per year.

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, said BMW Group Financial Services Malaysia.

The guaranteed future value also serves as the value for the final payment, it added.

At the end of the tenure, BMW customers are given four settlement options. They can either trade in the car and upgrade to the next BMW or MINI model of their choice, or return the car at the end of their tenure with no further obligations, worry-free from the reselling process.

Additionally, they can opt to settle the final payment, which can be paid in full, and call the car their own, or extend their contract term, to enjoy their car longer.

For an additional RM110 to the monthly instalment, BMW Group Financial Services Malaysia said BMW customers can choose to enjoy more value-added benefits that are essential for the driver and the vehicle with Easy Drive Prime. Under the programme, they can enjoy two years of interior and exterior car care, and a three-year coverage of the Ultimate Protection Programme Elite, which is underwritten by Allianz General Insurance Co.