Bad credit means that there is a delay in repayment, or no repayment at all. As the saying goes, it is not difficult to borrow again. If this kind of loan is not repaid, or it is not repaid on time, the bank will definitely record it, and it will be difficult to borrow again in the future.

The loan standard of the same BMW financial product is different, which should be determined according to the specific financial product, car system and other factors. You can call BMW Financial Services at 400-800-6886 or ask online customer service in official website. Those who do not meet the requirements will be rejected. The following are the general standards for car loans:

1. The loan applicant must be able to pay the down payment for the car he bought and get the car purchase agreement.

2. The loan applicant has a good personal credit record.

3. The legal age of the loan applicant is 18 years old, with full capacity for civil conduct and working ability.

4. The loan applicant should have a stable income and be able to repay the loan on time.

5. The loan applicant should have reasonable and legal identity documents.

6. Other standards required by current local policies or other requirements of BMW financial enterprises.