Managing your agreement.

The vehicle can be taken on short trips of up to 30 days within the EU and cannot exceed 60 days in any calendar year. You must ensure the vehicle has fully comprehensive insurance and covers you for European travel. If you plan to take the vehicle abroad, please contact our Customer Services team.

Contact your local BMW Centre who will be happy to assist. To locate your nearest BMW Centre click the link below.

Find a BMW Centre

You should have your car repaired under your motor insurance policy before returning it to us. Any repairs must be in accordance with the manufacturer’s recommendations. You must also tell us about any accident damage you've had repaired during the agreement.

We understand that it can be difficult to arrange financial affairs after the death of someone and we want to make this process as simple as possible. Please notify us by sending us a copy of the death certificate with a covering letter confirming the executor’s details. Please email this information to: bereavement.support@bmwfin.com

Or post to: Bereavement Support Team
 

Summit ONE, Summit Avenue
 

Farnborough
 

Hampshire
 

GU14 0FB
 

Once we have received this information, we will update the account and send you a letter explaining your finance agreement options. If you would like to talk to one of our advisors, please contact our Bereavement Support Team on 03705050150 selecting option 4.

If you have a new vehicle on order but it won’t be ready by the time you reach the end of your current agreement due to a delay, contact us to discuss your options on 03705050150 or request an extension by emailing extension@bmwfin.co.uk.

To update your personal details, please login to your agreement through MyBMW Finance.
 

Alternatively please contact us to submit any changes via our online contact form or by calling us.

To inform us of a change to your vehicle registration, please login to your agreement through MyBMW Finance and navigate to the ‘Vehicle’ page to update your details.
  

Alternatively please contact us to submit any changes via our online contact form or by calling us

All of our agreements are non-transferable.

Under certain circumstances it might be possible to extend your agreement. Please contact us to discuss this further.

You are able to check this in real-time by entering the vehicle registration number on HM Government’s check vehicle tax website here.

If you make your monthly payments by Direct Debit, you should contact your bank in the first instance. Please be advised that for all direct debit instructions we will make two further attempts to collect your instalment. For manual payments, you can make payment via our 24hr automated Card Payment line on 03705050150.  
 

Please note, if you repay the arrears with a credit card you are at risk of escalating debt and additional interest charges. Before you proceed with this method of payment you may wish to consult with one of the free debt advice agencies listed below:
 

• Money Helper – www.moneyhelper.org.uk/debt-advice-locator
• Citizens Advice – www.adviceguide.org.uk 
• National Debtline – www.nationaldebtline.co.uk
• Money Advice Service – www.moneyadviceservice.org.uk

If you are unable to make the payment at this time, please contact us immediately.

It is important that you keep in contact to advise us of your personal circumstances and to discuss how your payment(s) can be brought back up to date.

Please contact us and we will be happy to discuss the options available to you. If you would like more information on Repayment Plan support, click here. Alternatively,  to request support via a repayment plan click here.

Please be advised if you choose not to maintain your monthly payments this could have an adverse effect on your credit rating and may affect your ability to obtain credit in the future. Interest may be charged on any amounts unpaid.

Direct Debit 
You will need to complete a Direct Debit Mandate Form to confirm your new account details. You can download the form using the link above or through MyBMW Finance. Please fill in and email the completed form to customer.services@bmwfs.co.uk. Alternatively you can call us on 03705050150. Please be advised that we may ask for additional information if the bank account is not in your name.
    

MyFinance
It is possible to make a settlement or arrears payment within MyFinance. We use Trustly as our open banking provider. Information about the payment process and the provider is available here. 
 

Card Payment 
This is the quickest way to make a payment - simply call our card payment line on 03705050150. We accept the following credit or debit cards at no additional cost - Solo, Switch, Maestro, Visa Electron, Visa Debit, Visa, Mastercard, American Express. Please note that we do not accept payment by credit card for final payments or settlement.   
 

Bank Transfer 
Our bank details are as follows;
- Bank Name: HSBC Bank PLC
- Payee: MINI Financial Services
- Sort Code: 40-41-70
- Account Number: 60001953
- Reference: Please include your Agreement number as a reference. 
 

Standing Order
Our bank details are as follows;
- Bank Name: HSBC Bank PLC
- Payee: MINI Financial Services
- Sort Code: 40-41-70
- Account Number: 60001953
- Reference: Please include your Agreement number as a reference.
 

Cheque Payments
Please make all cheques payable to BMW Financial Services, and send to the following address quoting your agreement number on the reverse of the cheque: BMW Financial Services, The Accounts Department, Summit ONE, Summit Avenue, Farnborough, Hampshire GU14 0FB.

BMW Financial Services (GB) Limited, The Accounts Department, Summit ONE, Summit Avenue, Farnborough, Hampshire GU14 0FB.

To update your Direct Debit, please login to your agreement through MyBMW Finance. Alternatively you will need to complete a new Direct Debit Mandate Form and send it to us via one of the following methods:

By email to customer.services@bmwfs.co.uk
 

By post to the following address:
 

BMW Financial Services,
 

Adwick Park, 
 

Swinton, 
 

Rotherham
 

S63 5NA
 

By fax on 0870 5050 285
 

Once we receive the mandate back from you it will take 5 days to set it up with your bank. It may be necessary for you to make alternative arrangements for the next payment if it is due within 5 days of us receiving the request. Please note we cannot collect any money due under the agreement from anyone other than you.

If your car has been written off or stolen, please notify us via Customer Services as soon as possible. You must continue making your monthly payments until the matter has been resolved with your insurance company.


Please be advised, if you choose not to maintain your monthly payments this could have an adverse affect on your credit rating and may affect your ability to obtain credit in the future. Interest may be charged on any amounts unpaid.

If the amount paid out by your insurance company is insufficient to cover the outstanding balance on your agreement, you will be required to pay the difference between the insurance company settlement figure, and the amount due to us in settlement of your agreement.


If, however, you have BMW Shortfall Insurance and paid all the premiums, this will pay the difference, between the insurance company settlement and the amount due to settle your agreement.

You can make additional payments against your agreement, however, you will require a quote before any payments can be made. Please login to your agreement through MyBMW Finance or contact Customer Services to receive this. 

If you are currently in a payment plan or have previously taken a payment deferral with us and since received Notice of Sums in Arrears, please do not worry. These are regulatory notices which are required by law to send to you for information purposes to keep you up to date with the current status of your agreement. So long are you are maintaining your regular monthly payments, or any payments agreed under a payment plan, you don’t need to take any action.

Open Banking is a quick and efficient way for you to provide us with information regarding your income and expenditure. As responsible lenders, this is information we require to allow us to assess your current financial position to help us consider an affordable repayment plan.
 

When you agree to participate in Open Banking, you will be sent a link, either by email or SMS, which will allow you to provide us one-time access to your banking information.
 

Once you have identified the appropriate bank account(s) and agreed to provide the information to us, we are sent a breakdown of your average monthly income and expenditure, providing insight to the disposable income available to you each month after your essential expenditure. We can then review this information and contact you to discuss how we may be able to assist you.

Our preferred payment method is Direct Debit. This is one of the safest and most convenient ways to make payment and ensures your monthly payment is never forgotten or delayed.
 

However, for active agreements, you can make a manual payment for any outstanding amounts. To do so, call our 24hr automated payment line on 03705050150. Please note, the card used must be registered in your name and to the home address we hold on file.
 

We regret we are unable to accept payment by Credit Card for any final balloon or settlement payments.

If you have a regulated BMW Select or BMW Hire Purchase agreement you have the right to end the agreement at any time, known as voluntary termination. You must hand back the vehicle and pay the balance to one half of the total amount due under your agreement (if you have not already paid at least one half) and in addition any arrears, excess mileage, and damage charges. We may be able to agree a repayment plan with you for any remaining balance due. This may be subject to an Income and Expenditure review with you to ensure the plan we set is affordable for you.
 

Details of this right are set out in your agreement under "Termination: Your Rights" and you can see more on our Ending Your Agreement page.

For more information on this option, you can call 03705050150 and one of our advisors will be happy to help you.

For Active Agreements:
 

Although a payment plan has been agreed, since the regular instalment is not being made, in full, on the originally agreed date, any amounts outstanding for 28 days or more will report late payment markers to the Credit Reference Agencies until such time the agreement is brought back up to date. For the period you remain in a payment plan with us, this will be reflected as ‘an arrangement’ on your credit file.
 

For Settled or Expired Agreements:
 

Providing the first payment of your plan is received within 28 days of any outstanding balance falling due, with any subsequent payments being made as per the agreed plan, no late payment markers will be reported to the Credit Reference Agencies. Should the arrangement break at any point due to non or late payment, late payment markers will be reported until such time the balance is cleared, or the payment plan reset.

Your credit file may be impacted if you do not maintain your payments. We are required to report factually and therefore any payment outstanding for more than 28 days will be reported to the Credit Reference Agencies.  

You are in Default when you do not adhere to the terms and conditions of the finance Agreement. An example of this would be not making your scheduled payments on time.
 

It may be possible to amend your regular payment date.
 

If you are registered with MyFinance, please log onto your account to see what changes can be made.
 

Alternatively, please call us on 03705050150 and one of our advisors will be happy to assist.

A Default Notice may be issued for continued non-payment and/or a breach of our Agreement terms. Please refer to your Default Notice for details on why it has been issued and if it is possible for you to remedy any breach noted. The notice will also stipulate the expiry date confirming how long the notice is valid for before any further action may be taken by us.

If you are registered for MyFinance, you will be able to view copies of any arrears communications we have sent to you since April 2022. To register for MyFinance please visit here: https://myfinance.bmw.co.uk/en/home.html

A Default will be recorded against a credit file upon termination of the agreement and will remain for 6 years.

The vehicle will be sold at auction, with the sales proceeds being offset against any liability you still owe us. If the sale of the vehicle does not settle the balance owed on your agreement, we will write to you, providing you with a Statement of Liability which detail the amount you are required to pay.

This statement outlines the amount you owe us following the sale of the vehicle. To pay this amount or discuss an affordable payment plan, please contact us on 03705050150. This may be subject to an Income and Expenditure review with you, using Open Banking (with your agreement), to ensure the plan we set is affordable for you.