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BMW Expands College Graduate Program for College Grads and Young Professionals
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09-23-2011, 09:58 AM | #1 |
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BMW Expands College Graduate Program for College Grads and Young Professionals
BIMMERPOST NEWS BMW Expands College Graduate Program for College Grads and Young Professionals Woodcliff Lake, NJ – September 23, 2011 – BMW Group Financial Services has opened the door for college graduates and young professionals to increase their purchase power through the company’s College Graduation Program. The Program encompasses both leases and loans and applies to new and certified pre-owned BMW and MINI automobiles, as well as BMW motorcycles. Customers who meet the program criteria will be offered the best available rates based on their FICO scores. In addition, lease customers will qualify for a waiver of the security deposit. “As a captive finance company, we have the capacity to be more flexible than other institutions,” said Steve Swecker, general manager of sales operations. “We developed the College Graduate program to target one of the most essential customer bases, that of the entry-level buyer. The program provides young professionals the accessibility to our brands based on their ability to pay, rather than a capped allowance.” Swecker maintains that this program opens the world of BMW and MINI to those rewarding themselves upon graduation. “Completing college is an exciting point in life, and graduates want to reward themselves for the accomplishment. Our College Graduate program helps make this reward attainable.” The BMW Group Financial Services College Graduate program taps a distinct audience of college graduates and graduate students. The program guidelines include:
OR
Other requirements include proof of income or the employer’s letter with contact information stating position / title and income, a minimum of 24 months of credit on file and no previous derogatory credit on any held credit trades; gross debt to income ratio of less than 45%; gross automotive payment to income ratio of less than 25%. All applicants are required to complete a credit application for final approval. The College Graduate Program is exclusively from BMW and MINI Financial Services and will be marketed through social media platforms, as well as through the BMW and MINI retail network. |
09-23-2011, 12:04 PM | #3 |
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That is awesome. Glad to see they're trying to help the customers out
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09-23-2011, 12:28 PM | #4 |
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nice...what kind of rates are we talkin' here
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09-23-2011, 12:50 PM | #7 |
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2 years too late, oh well I'm hooked anyway.
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09-23-2011, 03:25 PM | #9 | |
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I graduate in 2 months!!! too bad I don't live in the US
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09-24-2011, 01:05 AM | #10 |
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hopefully if u can truly afford to finance a BMW u have parents who can afford them too, ergo they will co-sign for you in order to get a great rate [given they have good credit]
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09-24-2011, 10:26 AM | #11 |
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with college expensive as it nowadays, i dont see how any recent grads can afford a BMW within the first 12 months. especially since most dont get jobs for awhile
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09-24-2011, 11:16 AM | #12 |
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BMW gave me something like this when I bought my car last year. It was annoyning having the car sales man ask me if my dad needed to come in a co sign.
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09-24-2011, 01:31 PM | #13 |
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09-25-2011, 06:04 PM | #14 |
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Damn e92 at 21, if you don't mind, what did you major in in college?
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09-26-2011, 12:33 PM | #16 |
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I think VW/Audi has been doing this for a while as well. IIRC I looked into it when I graduated...
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bmw college, bmw college grad, bmw college graduate, bmw college graduate program, bmw young professional, bmw young professionals |
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