BMW South Africa has launched Charter products, a new an all-inclusive finance solution that offers the benefits of driving the latest BMW and MINI vehicles, without having to own a vehicle.
The BMW Group Financial Services Charter solution allows consumers the use of a BMW or MINI vehicle, at a fixed monthly rental payment, without the need to consider a deposit, depreciating values, interest rate fluctuations or final balloon payments.
BMW Group South Africa, in adapting to the changing needs of consumers, has meticulously designed the Charter finance solution for individuals who drive fewer than 20,000 km per year, prefer an inclusive finance solution, and do not want to own a vehicle.
The fixed monthly rental fee is calculated based on an individual consumer’s chosen rental period and agreed-upon mileage limit (up to 20,000 km per year). This fee includes comprehensive insurance cover, as well as the BMW Group’s signature Motorplan service plan for added peace of mind. Excluded from the monthly fee are fuel and toll fees, as well as certain wear-and-tear items.
BMW Charter Rentals
Rental periods range from 12 to 54 months, with mileage parameters from 10,000 to 95,000 kilometres for the period. The vehicle can be returned to a preferred approved BMW or MINI retailer at the end of the rental period.
BMW Group South Africa believes in the power of choice, and BMW Charter and MINI Charter affords consumers another avenue to exercise this choice.
According to Stefan Schuett, Chief Executive Officer for BMW Group Financial Services South Africa: “The Charter offer for our BMW and MINI brands is, we feel, the right product at the right time.
“In keeping with our mission to support consumers in realising their dreams, we want to ensure they are able to choose a vehicle finance solution that appeals to them and is aligned with their mobility aspirations. BMW Charter and MINI Charter is a flexible and customisable option to continue delivering world-class experiences from BMW Group Financial Services South Africa to local consumers.