BMW College Student Program

 
Flow BMW is proud to introduce a new financing program designed specifically for college students who are currently enrolled in a US college or university. Since having a lack of credit history shouldn't be an insurmountable barrier into a new BMW, we're here to reward your hard work with some extra assistance. Flow BMW offers not only credit approvals, but also excellent lease and financing rates from BMW Financial Services to enrolled college students who meet certain requirements.

OPTION #1 - PURCHASE

BMW CAR LOAN FOR STUDENTS WITH NO CREDIT HISTORY
 
If you want to purchase a new BMW but have no credit history, Flow BMW can still approve you. Typically, a verifiably good credit history would be required to be approved for a new car loan, but under this program, enrolled college students with no credit history whatsoever can still be approved by BMW Financial Services. If you can provide a 20% down payment for a purchase under $55,000* and 25% for a purchase above $55,000* and do not have a history of adverse credit - you can be approved for a new BMW.

*Please be advised that Cash Down amount is customer cash contribution only and excludes any rebates, drive offs, or incentives provided by the Sales Company or BMW Financial Services.

OPTION #2 - LEASE

BMW LEASE FOR STUDENTS WITH NO CREDIT HISTORY
 
If you want to purchase a new BMW but have no credit history, Flow BMW can still approve you. Typically, a verifiably good credit history would be required to be approved for a new car loan, but under this program, enrolled college students with no credit history whatsoever can still be approved by BMW Financial Services. If you can provide a 20% down payment for a purchase under $55,000* and 25% for a purchase above $55,000* and do not have a history of adverse credit - you can be approved for a new BMW.

Program Requirements

  • Proof of full-time enrollment from the Office of the Registrar at an accredited U.S. college or university pursuing an Undergraduate, Graduate, or Associate's degree with anticipated graduation date.
  • Three (3) months of current and consecutive U.S. bank statements. Bank statements will be reviewed for deposit and balance history.
  • For International Students: Proof of Passport, F-1 Visa, and I-20 form.
    • Visa term must equal or exceed the term of the contract.
  • If a credit file is present, no previous derogatory credit on any trade lines.
  • Signed Release of Info Consent for Educational Institution form.

All customers approved under the College Student Program will be granted the credit tier for which they qualify. Applicants with no credit bureau score qualify for the Progressive Plus rate Tier. See Flow BMW for complete program details.