BMW Financing: What To Know in 2025
Choosing the right lender for your new or used BMW can help you lower your monthly payments and save on interest. We’ll help you find the best BMW finance rates so you can get behind the wheel sooner.
How do your BMW payments compare to the average?
We’ve estimated the average monthly payment for popular BMW models. Compare your BMW financing offer to these averages to check if you have a good deal. Or if you’re just beginning to shop for an auto loan, these estimates can help you plan your budget.
Generally, as credit scores increase, monthly payments go down because of lower interest rates. At the same time, people with excellent credit sometimes have higher monthly payments because they often choose shorter loan terms.
The starting MSRP (manufacturer suggested retail price) doesn’t cover extra features, dealer or title fees. We used data from Edmunds and Experian on average APRs and loan terms across credit bands to estimate monthly payments for popular BMW models.
Learn more about how we calculated average monthly BMW payments.
Estimated average monthly payments for new BMWs
Model | Starting MSRP | Monthly payment (501-600 credit score) | Monthly payment (601-660 credit score) | Monthly payment (661-780 credit score) | Monthly payment (781-850 credit score) |
---|---|---|---|---|---|
2025 BMW 2 Series | $39,600 | $646.96 | $587.86 | $555.21 | $580.47 |
2025 BMW 3 Series | $45,950 | $772.42 | $701.87 | $662.88 | $693.04 |
2025 BMW X1 | $41,350 | $681.53 | $619.28 | $584.89 | $611.49 |
2025 BMW X3 | $49,950 | $851.45 | $773.68 | $730.71 | $763.95 |
2025 BMW i4 | $57,900 | $1,008.53 | $916.41 | $865.51 | $904.88 |
Estimated average monthly payments for used BMWs
Model | Fair purchase price | Monthly payment (501-600 credit score) | Monthly payment (601-660 credit score) | Monthly payment (661-780 credit score) | Monthly payment (781-850 credit score) |
---|---|---|---|---|---|
2019 BMW 2 Series | $20,035 | $391.38 | $342.07 | $305.23 | $294.48 |
2019 BMW 3 Series | $21,183 | $419.79 | $366.90 | $327.38 | $315.85 |
2019 BMW X1 | $14,794 | $261.69 | $228.72 | $204.08 | $196.90 |
2019 BMW X3 | $16,568 | $305.59 | $267.09 | $238.32 | $229.93 |
2019 BMW i3 | $12,586 | $207.05 | $180.96 | $161.47 | $155.79 |
BMW finance options
To find the best BMW finance rates, you should get quotes from several different lenders. Fortunately, this doesn’t have to take a lot of time or effort. You can find out what rates you qualify for by submitting a few forms online.
BMW Financial Services
BMW deals and incentives.
If you finance directly with BMW, you’ll get a loan from BMW Financial Services. This is called captive financing, and it’s the most popular way to pay for a car, according to Experian.
BMW Financial Services offers financing on new BMWs and used BMWs model year 2016 and newer. Loan terms range from 24 to 84 months, and you may be able to finance a BMW with a low down payment — or none at all. Your interest rate will depend on your loan terms, credit score and location, but as of the writing of this article, BMW Financial Services is offering rates as low as 1.99%.
BMW doesn’t publicize what credit score you’ll need to qualify for a loan through BMW Financial Services, and they don’t currently offer a way to prequalify for financing. When you apply for financing through BMW Financial Services, you’ll provide basic personal information like your address, Social Security number, income, down payment and desired BMW model. Then, BMW will do a hard credit pull, which may temporarily lower your credit score by a few points.
If you do qualify for financing through BMW Financial Services, it’s worth looking into its programs and incentives to see if you qualify for discounts or special BMW finance offers.
BMW Certified Pre-Owned
BMW certified pre-owned vehicles come fully inspected and reconditioned to manufacturer standards. You’ll drive away with a limited warranty that will cover your newly purchased ride for one year, and you’ll get BMW Roadside Assistance for three years.
BMW Credit Lock
With BMW Credit Lock, you can lock in your rate for a period of time while you shop around for your new ride.
BMW International Executive Program
Buyers who are in the U.S. for work and who haven’t yet established credit in the U.S. may qualify for financing from BMW Financial Services through the BMW International Executive Program.
BMW Military Program
Active duty, veteran, retiree and reservist military members can get up to $5,000 in credits on select BMW models.
BMW College Graduate Program
If you’ve graduated college in the past two years or you plan to graduate within six months and have an offer of employment, you may qualify for $1,000 toward a new or certified pre-owned BMW.
BMW Mobility Program
When you buy or lease a new or certified pre-owned BMW, you may qualify for up to $2,500 for an adaptive equipment reimbursement.
BMW Financing Programs
BMW Financial Services offers balloon financing, which allows you to make lower monthly payments with a larger “balloon payment” due at the end of your loan term. While this kind of loan may be less expensive in the short term, it is risky if you’re not able to afford the final payment. Consider other ways to lower your car payment before signing up for balloon financing.
Bank and credit union auto loans
You can get a discounted interest rate through your bank or credit union.
Traditional lenders like banks and credit unions offer auto loans with competitive rates for borrowers with good to excellent credit. As a bonus, they often offer discounted rates to current customers. As of the writing of this article, Bank of America is offering rates as low as 5.64% on new cars and an interest rate discount for Preferred Rewards members.
If you’re a member of a credit union or bank, reach out to ask them whether they offer discounts to current clients. The application process should be simple. Many banks and credit unions allow you to prequalify for a loan, which will allow you to look at your potential interest rates without damaging your credit.
Online auto loans
Shopping around for low BMW financing rates.
If you’re looking for the best deal on your BMW loan, it’s a good idea to compare rates from a few lenders. Some online lenders specialize in auto loans for people with fair or bad credit, so if you can’t secure financing through BMW Financial Services or your bank, an online lender may be your best bet.
You can get quotes from up to five lenders at once through the LendingTree auto marketplace. Fill out a form with basic information about the car you want, your down payment, desired loan term and employment information. Then, once you’ve seen the rates you qualify for, you can compare them to any other quotes you already have for your new BMW. Checking your rates won’t hurt your credit.
In-house financing
Financing a BMW if you have bad credit and no other options.
At a buy here, pay here dealership, you can get a loan directly through the dealer instead of working with an outside lender. This is called in-house financing. While these loans are convenient and often available to people with bad credit, they come with a hefty price tag in the form of high interest rates.
Bottom line: You’ll likely pay more for your BMW loan at a buy here, pay here lot than with a traditional lender. If you’re having trouble getting BMW financing, consider auto loans for bad credit.
How we calculated average monthly BMW payments
To calculate average monthly BMW payments, we found starting MSRPs and the fair purchase price for some of BMW’s most popular models.
Then, we subtracted an average down payment from each. According to Edmunds, the average down payment on a new vehicle was $6,856 in Q4 2024. For used vehicles, it was $4,219. The resulting figure represents the total amount our hypothetical borrowers financed.
From there, we used our auto loan calculator to figure out average monthly BMW payments, using average APRs and loan terms as reported by Experian’s State of the Automotive Finance Market Q4 2024. You’ll find this data in the tables below. Please note that loan terms were rounded to the nearest whole number during our calculations.
Average APRs and loan terms for new car purchases in Q4 2023
Subprime (501-600) | Near prime (601-660) | Prime (661-780) | Superprime (781-850) | |
---|---|---|---|---|
Average APR | 13.08% | 9.59% | 6.40% | 4.77% |
Average loan term | 73.54 months | 74.27 months | 71.15 months | 63.56 months |
Average APRs and loan terms for for used car purchases in Q4 2023
Subprime (501-600) | Near prime (601-660) | Prime (661-780) | Superprime (781-850) | |
---|---|---|---|---|
Average APR | 19.38% | 14.46% | 9.95% | 7.67% |
Average loan term | 66.19 months | 68.07 months | 68.39 months | 65.54 months |
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