BMW introduces FlexiLease

MANILA, Philippines - Asian Carmakers Corporation (ACC), the official importer and distributor of BMW vehicles in the Philippines, introduced to the media last week its FlexiLease program, the latest option for aspiring BMW owners to experience sheer driving pleasure at the most convenient way possible. FlexiLease is a new innovation in BMW ownership that addresses the mobility requirements of top professionals

Open for both individual and corporate customers, the FlexiLease program is distinguished by its main features, which includes minimal 10% deposit, operating lease, 24 and 36 month lease terms, and monthly fees inclusive of the comprehensive insurance, LTO registration, BMW Standard Maintenance Services, and fast approval of lease applications (5 working days for individuals and 7 working days for corporate customers).

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

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 which posted an 11% increase year-on-year, its highest record ever.

“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, president of ACC. “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.”

Value for money

For the initial cost, the customer simply pays a refundable 10% guarantee deposit as well as a 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 on the part of the customer, there is no need to pay for chattel mortgage. Therefore, FlexiLease provides additional savings for the customer.

Better use of capital

As an operating lease, FlexiLease allows qualified clients to redirect the use of their funds to other important 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 because the 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 has three options: 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 and 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, thereby giving more value for their money.

“We believe that this is the right time to consider FlexiLease. Aside from designing this program for top Filipino professionals, we’re also very optimistic on the Philippine economy. With the recent upgrade of the country’s sovereign debt rating, we anticipate an influx of investors and their expatriate staff. FlexiLease is a program which we believe is very suitable for them,” added Parco. “In ACC, we are always finding ways to make customers experience sheer driving pleasure. FlexiLease is definitely one of the most convenient ways to experience it.”

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 [email protected].