BMW Lease scheme

There are more ways than one to drive a BMW now. The Bavarian carmaker’s financial arm has launched a scheme called ‘BMW Lease’ that provides a unique way to experience any car in its product range without actually buying one.

Not to be confused with self-drive hired cars, BMW Lease allows you to opt for one of the two types of leasing - Finance Lease and Operating Lease. Under the Finance Lease agreement, the customer bears the risks of owning the car but at the end of the lease tenure, can opt to retain the car. BMW claims that it will be available at a price lower than the market rate.

Under the Operating Lease agreement, BMW financial services will bear the risks of the car and once the lease tenure is completed, the customer will be offered to purchase it at the market price or upgrade to another BMW product.

What’s interesting is that under the scheme, a customer can opt for 100 percent funding of the vehicle cost. This scheme has been launched in six states at present - Delhi, Haryana, Andhra Pradesh, Tamil Nadu, Karnataka and Maharashtra.