Credit Fees:
Establishment Fee
is charged for the establishment of a new contract
is charged for the registration of security interest
Assignment Fee
is charged if BMW agrees you may assign the contract

Other Fees:
Dealer Origination Fee
may be charged by the dealer/ agent for the purpose for arranging a new contract

Default Fees:
Dishonoured payment
is charged in the event that a payment tendered is dishonoured by your bank
ITR fee
is charged when an ITR (Intention to Repossess) letter is issued if your loan account goes into arrears
Warrant to Act fee
is charged when a Warrant to Repossess is issued due to a breach of terms
Post Repossession fee
is charged when a Post Repossession Notice is issued after we have repossessed the Motor Vehicle

Default Interest Rate:

If you fail to make any payment on the due date the default interest is payable on the overdue amount from the due date until the date full payment of the overdue amount is received by BMW.


Default interest is calculated at the rate of 5% per annum plus the annual interest rate stipulated in your contract.

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Interest Rates:

Current Annual Interest Rate
Personal Loan/Finance Lease: BMW* - Motor Vehicle
Personal Loan: BMW Owner's Choice - Motor Vehicle
Personal Loan/ Finance Lease: ALPHERA – Motor Vehicle

Limited Period: BMW X5 30d M Sport Edition is available on 1/3, 1/3, 1/3 at 0% interest. Offer ends 31 August 2018.

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  • * for loans/finance leases through BMW, MINI & Rolls Royce Authorised Dealers
  • BMW Financial Services lending criteria and terms and conditions apply
  • Interest rates and fees are subject to change at any time; please refer to your BMW or ALPHERA dealer or phone 0508 269 346 on date of application.