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The Mileage Adjustment Program
When you're behind the wheel of your BMW, it's easy to lose track of the miles.
But there's no need to cut the experience short, even if you've already exceeded your mileage limit. The BMW Financial Services Mileage Adjustment Program helps you avoid end-of-term excess-mileage charges, so you can just keep enjoying the drive.
How it works.
If your account is current and you're in good financial standing,
you can purchase additional miles at a discounted rate. You can do so at any point up until one day prior to your scheduled lease maturity date or the day you're turning in your vehicle, if you're planning to do so before the maturity date arrives.
How much will you save?
For most models, miles are just $0.16 per additional mile versus $0.20 at the end of your lease. If you drive a 7 Series, additional miles are just $0.22 per mile versus $0.25 per mile at lease-end. Because additional miles cost up to 20% less than excess lease-end miles, you'll save money, no matter where the road takes you.
We make it easy.
Understanding that your driving habits may change, we allow you the flexibility to purchase additional miles more than once during the term of your contract.
If you are more than 120 days away from the end of your lease, the cost of additional miles may be paid in full or incrementally with your remaining monthly lease payments, either online or with a Customer Service Representative. Within 120 days of your scheduled maturity date, mileage may be purchased in a lump-sum payment.
Mileage purchases are subject to sales tax and are non-refundable. If the first additional mileage purchase is applied incrementally, payment for any other requests for additional miles must be made in a lump-sum payment.
If you did not have the opportunity to use all of the mileage you purchased, we will apply a credit to any outstanding balance with BMW Financial Services, including, but not exceeding, excess wear and use charges.
Redeem your BMW Reward Points for Additional Lease Miles.
If you have a BMW Card, BMW Signature Card or BMW Ultimate Card, your BMW Reward Points can be redeemed for the purchase of Additional Lease Miles for your BMW Financial Services lease account. These Additional Lease Miles come in the form of an electronic credit to your BMW Financial Services lease account within 14 days following redemption.
Your miles are waiting.
To purchase additional miles, just call BMW Financial Services at 800-578-5000, Monday through Friday, 9 a.m. to 9 p.m. Eastern Time, or log on to your My BMW account (
) at any time.
For information about the BMW Card, BMW Signature Card or BMW Ultimate Card, please visit
, call 888-BMW-CARD (888-269-2273) or contact your BMW center.
There can be no outstanding fees on your account at the point of purchasing additional miles. This includes property tax, late fees, returned item fees, etc.
Vehicles with miles above 100,000 are billed at the standard lease end rate.
Within 120 days to maturity, purchase of additional miles can be made in a lump sum directly with the lease-end representative. Payments will be accepted for mileage purchases through a credit card or through ACH from your bank account.
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InsideTrack December 2013
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