BMW Introduces FlexiLease

Jun 10, 2013

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Enjoy BMW  100% at Half the Cost

The BMW Driving Pleasure for as low as P22,490/month

ACC-BMW Deputy Sales Manager Gil Balderas explains the finer points of FlexiLease during the May 23 presentation made to local clients and media at Premium Motoren BMW .

 

With FlexiLease, it’s now possible for Filipino individuals and corporations to enjoy the full BMW Experience at half the cost of bank financing!    

Asian Carmakers Corporation (ACC), the official importer and distributor of BMW vehicles in the Philippines, introduced the scheme to its clients and the local motoring media last May 23 at the Premium Motoren BMW dealership along Fr. William Masterson Avenue in Pueblo de Oro Business Park.

 FlexiLease is an operating lease program that offers flexibility for companies and individuals who want to experience sheer driving pleasure without the additional costs of ownership. With FlexiLease, customers can enjoy low initial cash-out and monthly rates and drive a brand new BMW vehicle every two or three years depending on the lease term applied for.

 

“As a way of sharing the success we’ve had for the past 10 years in the local market, we’re introducing FlexiLease as an additional option for Filipinos to experience the BMW Brand. For this program, we have partnered with Asia United Fleet Management Services, Inc. (AUFMS),” said Maricar Parco, ACC President. “This program offers attractive benefits such as low deposit, low monthly fees, and an easy way to upgrade to a new BMW when new models are introduced.”

 

With this limited offer, BMW customers will only have to pay 50% of the monthly lease rate for the first year if they opt for the 3-year term. For instance, customers can drive home a BMW 116i for as low as P22, 490.00 ++ per month.

 

“With Flexilease, you can enjoy a brand new BMW automobile for two to three years at half the price of regular bank financing,” said. Gil B. Balderas, Deputy Sales Director of ACC-BMW. “At the expiration of your lease, you have the option to either buy your car at a much cheaper price or opt to get a new model under the same generous terms.”

 

Open for both individual and corporate customers, the FlexiLease program features a minimal 10% Deposit; Operating Lease;  24 and 36 month lease terms; Lower Monthly Fees Inclusive of Comprehensive Insurance, LTO Registration and BMW Standard Maintenance Services.

These unique features allow customers to experience a host of benefits that other car financing options such as loans don’t have.

Lease applications are approved within five working days for individuals and seven working days for corporate customers.

 

Value for Money

Under FlexiLease, instead of a 20% down payment, the customer simply pays a refundable 10% guaranty deposit and one month cash advance rental fee.


Under FlexiLease, instead of a 20% down payment, the customer simply pays a refundable 10% guaranty deposit and one month cash advance rental fee.

“This relatively low deposit serves to free up other funds that can be used for other expenses. In addition, since there is no purchase involved for the customer, there’s no need for a chattel mortgage,” said Clemente Ch. Fernandez, Premium Motoren  BMW General Manager.

 

Optimize Use of Capital


As an operating lease, FlexiLease allows qualified clients to redirect their funds to key investments, rather than tying up cash in a transportation asset.  Moreover, it provides an opportunity to lower balance sheet liabilities since monthly payments are typically classified as rental expenses in the income statement. Qualified customers can therefore experience tax benefits since lease payments are tax-deductible.

 

Flexibility and Convenience of Lease Terms

 

FlexiLease allows for utmost flexibility and convenience in terms of being able to drive and experience a BMW. At the end of every lease term, the customer can either return the car and use the deposit to begin a new lease term for another brand new BMW, re-new the lease contract for another term, or simply end the lease term and return the car.

 

Low Ownership and Maintenance Costs

In addition to having the choice of flexible lease terms, customers need not worry about ownership costs. FlexiLease covers the comprehensive insurance coverage, LTO Registration, as well as the regular maintenance costs of owning a car.

 

“What makes FlexiLease a convenient option in getting a car is that the lease fees already include insurance, registration fees from the LTO, and other standard maintenance costs, and still let you save more money at the end of every lease term,” says Glen Dasig, ACC Executive Director of Sales and Marketing. He also adds that since the FlexiLease plan is directly tied up with a BMW dealer, the customer is guaranteed the best service and maintenance for the car.

“Maintenance costs are for the account of AU Fleet Management Services Inc. and ACC,” said Ms. Bernadette A. Ramos, AU account officer. “We cover all maintenance costs bumper-to-bumper except for consumables.” 

In case of a total wreck, AU will replace the unit while repairable units will entail the usual equity participation of the lessee.

FlexiLease is part of ACC’s celebration of a Decade of Leadership. For ten straight years, the BMW brand has dominated the luxury vehicle segment in the Philippines, finishing with a 33% market share and reflecting a global trend that saw the BMW Group post an 11% increase in 2012 year-on-year, its highest ever.

 

Interested applicants may inquire more about the FlexiLease program by visiting all authorized BMW dealerships around the country or www.bmwflexilease.com. They can also email their inquiries at information@bmw.com.ph. Better still, they can visit the Premium Motoren  BMW dealership at the Pueblo de Oro Business Park, Fr. William Masterson Avenue, Cagayan de Oro City or call tel.no. (88) 851-7965

 

 

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Asian Carmakers Corporation

 

ACC is a wholly owned Filipino company under the Alvarez Group of Companies, and is headed by ACC Chairman, Jose Ch. Alvarez.

 

The company boasts of the widest dealership network in the luxury vehicle segment – with seven dealers working closely under the ACC helm. These dealers are: Autozentrum BMW in Alabang, Prestige Cars BMW in Makati, Autohaus BMW in Quezon City, Premier Cars BMW in Pampanga, Autobahn BMW in Bacolod, Premium Motoren BMW in Cagayan de Oro and Autowelt BMW in Cebu. BMW will also soon be opening a new dealership, Auto Allee BMW, in Eton Centries, North EDSA.

 

ACC-BMW is supported by the BMW Group regional office for Asia in Singapore through BMW Asia Pte. Ltd.

 

For more information:

 Karl Magsuci

 Asian Carmakers Corporation

 Marketing Manager

 Email:karl.magsuci@accbmw.com.ph 

 

  Karen Sales-Carvajal

  EON Inc.

  Email: Karen@eon.com.ph 

  Mobile: +632 917 8693692

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