In the previous article, I told you that if you want to buy a luxury car, such as BMW, you can apply for a loan directly from the financial company of the brand, such as BMW financial loan. What's the difference between a BMW financial loan application and a car loan from a general loan company? Do I need to make a phone call after applying for a BMW financial loan? How long does it take for BMW to approve financial loans?

Compared with ordinary loan companies, BMW financial loans only provide car loans. In other respects, after applying for a BMW financial loan, you will also receive a call for a loan return visit. The telephone content mainly includes the basic information of the applicant's identity, the applicant's repayment ability, whether the applicant's credit record is good, and whether the applicant has some bad hobbies.

When applying for a BMW financial loan, the applicant needs to submit the application materials. After submitting the materials, BMW Finance will conduct an audit. How long it will take depends on the qualifications of the applicant. Applicants with good qualifications can usually get it done in one working day. After the approval, the applicant can go to the car dealer to pay the down payment and go through the loan procedures.