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.