BMW Group Financial Services Malaysia has launched a new financing solution called Easy Drive to provide customers with easier accessibility and flexibility when it comes to owning a BMW or MINI model.

Under the Easy Drive plan, customers must first choose a downpayment of between 10-30%. Next, they will need to decide upon a loan tenure of three or four years, with mileage options of either 20,000 or 25,000 km annually.

From there, a monthly instalment is calculated and the guaranteed future value of the car will be agreed and signed upon – the latter to protect customers from unexpected depreciation, and serves as the value of the final payment.

Customers will then proceed to use the car (while paying the instalments) until the end of their tenure, whereby they will be presented with several settlement options. These include trading in the car and upgrading to another BMW or MINI model; returning the car with no further obligations; settling the final payment and purchasing the car outright; or extending their contract term.

Those who are looking for more value-added benefits can choose to pay an additional RM110 to the monthly instalment for Easy Drive Prime. By doing so, they will enjoy two years of exterior and interior car care and a Premium Mobility package that includes a branded SmartTAG device (with TnG card) and BMW Lifestyle Collection merchandise.

They will also be eligible for a three-year coverage of the Ultimate Protection Programme Elite, which covers both the driver and their vehicle for special relief, scratch and dent, compassionate flood cover and more. The coverage is underwritten by Allianz General Insurance Company.