BMW Malaysia has introduced a new financing scheme called the Full Circle programme by BMW Credit Malaysia for BMW Corporate Programme customers. The scheme offers greater flexibility with tailored financing plans for purchases of the X1 sDrive20i and the 530i M Sport by corporate customers (company purchase).
If you are not a corporate customer, you can sign up, but you will only be able to enjoy this scheme from your second BMW onwards. Existing corporate customers who have already bought a BMW before will be able to enjoy it right away.
The plans offered in the Full Circle programme provide customers with a choice of different affordable monthly instalments as well as shorter loan tenures. Furthermore, the future value of the BMW vehicle purchased with the programme is locked in for better peace of mind. The Full Circle programme starts from RM2,258 a month for the X1 sDrive20i, and from RM3,588 a month for the 530i M Sport.
After choosing their preferred BMW vehicle, corporate customers can decide on the margin of financing that best suits them, ranging from 70-90% on the retail price of the car (RM398,800 OTR without insurance for the 530i M Sport, RM230,800 for the X1 sDrive20i). They can then proceed to nominate an annual mileage term – 20,000 or 25,000 km per annum – depending on their individual lifestyle and usage.
At the end of the Full Circle term, customers will then be given several settlement options to choose from – returning the keys without further obligations; trade in or sell the vehicle to any BMW authorised dealer and select a new BMW vehicle; making a full settlement and keeping their BMW; or extending the contract term to enjoy their BMW vehicle longer.
“Being innovative and customer oriented is at the heart of the BMW premium ownership promise. This perspective enables us to better serve our customers with dynamic products and industry leading services which drives the premium automotive segment.
“With the BMW Full Circle Programme, we are now able to revolutionise our financing programmes for an even greater ownership experience for our current and future BMW corporate customer,” said Han Sang Yun, managing director and CEO of BMW Group Malaysia.
“The New BMW Full Circle programme offers BMW and MINI customers in Malaysia a more modern and progressive financing program which is flexible in terms of payment and ownership cycle to give our customers better peace of mind and ownership experience.
With this program, we are also able to share with our customers the convenience and easy access to BMW mobility which is very dynamic, customer and future oriented,” added Tobias Eismann, managing director and CEO of BMW Credit Malaysia.
While the program sounds like leasing, it’s not to be confused with leasing programs in other countries that corporate customers tend to go with for tax benefits. This is still hire purchase so the car is still registered to the corporate customer’s name, except it has lower repayment amounts and a large balloon period at the end, as well as a guaranteed buy-back value as long as you fall within the mileage limits.
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If I run Uber business sdn bhd, can I get this korporat package as well? Charge it under my kompeni but for personal use.
Morale of the story. Only buy second hand 530i M Sport @ RM208k after 3-year tenure.
Brand new 5er RM398,888 OTR.
But why need buy 2nd hand when its my kompeni to pay?
Richard is smarter. He saved almost 190k by buying 2nd hand BMW when U & others closed shop or gives up. Hehehe.
Tutup kedai means I only lose Rm2. Meanwhile I have spanking new Beemer while u have decrepit 2nd hand that alwiz Banyak Masuk Workshop. So whos smarter, eh?
If your intention is 2 cheat BMW, that is NOT smart. It is called TIPU.
ignore troll
question: how do you deduce that the tenure is 3 years ? i dont see the article or pictures mention 3 years.
BMW Malaysia should have a guaranteed buy back scheme like how they have in Australia
I dont see it here in my country
The most important question to ask is:
How long is the term for that guaranteed price?
Waiting for US and bolehland price comparison
OK lah tu kereta Conti mampu milik…merely RM3,588 a month.
Life is too short. Keep Smiling, Be Happy & Drive BMW.
how is this ‘innovative’? Mercedes has a similar program for even private individual for a long time already.
yeap Merc’s Agility financing has been around in the Malaysian market for some time now, quite detailed and flexible as well.. I guess this will be the trend here (but overseas flexi leasing for vehicles has been around for almost 20 years, nothing new just more opportunities here in Malaysia)
It becomes BMW forever.
That ‘guaranteed future value’ term is like maximum to 8 or 9 years after reaching the finance maturity date?
definitely not 8-9 years. seeing as how the guaranteed value is around 50% of brand new price, i can estimate that the term is around 3-4 years.
I have a feeling this whole exercise is to push off the X1. The inclusion of 530i is to musk the so call deal. The numbers of X1 on our road tells the whole story.
BMW X1 sDrive20i
NEW RM230,800
Use 2,000km and pay RM2,378 per month
Guaranteed future value RM109,168
And lose RM121,632
RM 230,800 – RM 109,168 = RM121,632
BMW 530i
NEW RM398,800
Use 2,000km and pay RM3,788 per month
Guaranteed future value RM200,198
And lose RM198,602
RM398,800 – RM200,198 = RM198,602
There you go
Question:
So after the contract ended, you can resell your car @ guaranteed value and take back the capital?
Dream dream dream
well, if you have to lease them simply means you can’t afford them.
Esp when you have to plonk down dough for a car you’re practically renting and pay the maintenance out of your own pocket.
In US, lease programme are just sign on paper exercise. Zero down(esp for stock clearing models), sign the lease agreement and take the car home. Come servicing time, you’ll get free service. Upon end of lease, return the car in good condition. Move on to the next newer latest model every 2-3 years.
Not for me, thanks!