BMW credit - condition to qualify

[BMWrider]

Dear Sifu's...I have a situation and would like to ask direction from you all..hope you can shower me with some ideas and suggestion > i have checked around in the forum and didnt find any similiar topic. I would put my queries in number form , so that its easy to reply. 1) As i was bankrupted before , but cleared my name via proper channel , will i be able to get BMW credit ? I mean i buy the car from any BMW dealer and get a credit from them.2) Will BMW credit cross check potential borrower's background with CTOS & CRIS ? Are they like bank as well - once they see blacklist , they reject the application ?3) IF above doesnt work , how could i own a car ( I want only BMW ) on my name . ( i dont have that much of money to buy cash ) .Terima Kasih sifus

 

[tIANcI]

Dear Sifu's...

I have a situation and would like to ask direction from you all..hope you can shower me with some ideas and suggestion > i have checked around in the forum and didnt find any similiar topic. I would put my queries in number form , so that its easy to reply.

1) As i was bankrupted before , but cleared my name via proper channel , will i be able to get BMW credit ? I mean i buy the car from any BMW dealer and get a credit from them.
2) Will BMW credit cross check potential borrower's background with CTOS & CRIS ? Are they like bank as well - once they see blacklist , they reject the application ?
3) IF above doesnt work , how could i own a car ( I want only BMW ) on my name . ( i dont have that much of money to buy cash ) .

Terima Kasih sifus

BMWrider ... Talk to SA is best la. They will sort it out for you. They can be more lenient and find out for you in detail. All the best ...

 

[gendong]

i dont know the answer to question 1, but to no.2 i think yes they will cross check with CCRIS or CTOS. As bro tIANcI put it, best to talk to the SA, maybe he/she can show you the light. End of the day, he/she surely wont want to let go of a potential customer rite?

 

[infinityKL]

Bro, they are just like any other bank ...

My company purchased a brand new Nissan Diesel 5 ton Chiller truck via Bmw Credit last year.

Good Luck

 

[boonster]

yes, BMW Credit used to be Sime Leasing and they act like a bank. Only thing is that they maybe more "flexible" when you buy a BMW as their desire to grant loan is bolstered by their overall group goal of high car sales!

 

[ICEMAN 68]

bmwrider ..if you've cleared all your outstanding etc etc ...it all depends on the banking side to approve your loan ...

try applying a credit card and from here if the card is not approved ..most likely the bankers are still not in your favour ...

Or you may need a higher down / FD's to show your credit capabilities ..

hope this helps

 

[mizhan]

BMW credit was very quick to give me approval, less than 24 hrs. But their interest rate wasn't attractive enuff.

 

[ALBundy]

BMWrider,

If you have cleared all your previous affairs, and have the necessary paperwork I don't see how you will be denied.

I bought a BMW bike recently and their service (got my undertaking letter in 3 hours) plus the interest rates are second to none.

Then again, it helps to know them personally.

Cheers

 

[boonster]

yes very BMW products focus

 

[splee]

Dear BMW rider, if you have already cleared your name through official channel, then I am sure you will have a release letter or some kind of letter to prove that you are no longer a bankrupt. With this letter, and sufficient income statement, I am sure you will be able to get the loan from BMW credit or any financial institutions. Good luck.