There are a number of ways you can contact BMW Motorrad Financial Services with any questions regarding your BMW Finance Agreement or to update your details.
  • By email - customer.services@bmwfs.co.uk. We will respond to your query within 48 hours.
  • By telephone - To talk to one of our Customer Service Advisors, please call 0370 5050 150. Our lines are open 8am to 7pm Monday to Friday and 9am to 5pm on Saturday. Calls may be recorded for training purposes.
  • By post - BMW Motorrad Financial Services, Adwick Park, Swinton, Rotherham S63 5NA.

Please note that we can only discuss details of an agreement with the agreement holder. To discuss a partner or family member's agreement, we will need the customer's authority. The customer will need to contact us on 0370 5050 150 and provide details of the third party's name and date of birth. We will ask for a password to be provided, which will then be used to identify them.

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Discretionary Commissions

On Thursday (11 January 2024) the Financial Conduct Authority (FCA) made an announcement concerning customer complaints involving motor finance agreements, where a discretionary commission was paid to motor dealers between 6 April 2007 and 27 January 2021 (click here to read the announcement).

The FCA have introduced a 37 week pause to our complaints handling process for these customers only (i.e. regarding commissions), while the FCA undertakes an urgent review to assess whether any specific action is required.

Customers affected by the changes have up to 15 months to refer their complaint to the Financial Ombudsman rather than the usual 6 months. 

BMW Group Financial Services will take all necessary steps to support the FCA during the course of their review and to ensure that affected customers are supported and provided with every assistance to minimise any inconvenience.  

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Q&A

What is a discretionary commission?

Before January 2021, some lenders allowed brokers (the person that arranges the loan, for example, your car dealer) to adjust the interest rates they offered for car finance.

Typically, the amount of commission earned by a broker was determined by the interest rate that the agreement had been contracted at - the lower the interest rate, the lower the commission the broker received, and vice versa. This was known as a discretionary commission arrangement. Since January 2021, this commission model is no longer allowed. 

Car deals have many variables and the APR agreed on any finance is only one of those. These variables could include the transaction price of the car, the size of deposit paid on the finance, the term of the agreement the agreed value of the trade-in vehicle or the provision of optional extras and special equipment, for example.

Which customers could this apply to?

If you entered into a Select or Hire Purchase agreement between 6 April 2007 and 27 January 2021 you may be included.

STEP 1: How do I find out if my agreement was subject to a discretionary commission?

Please email commissiondisclosureenquiries@bmwfin.com and include your name, date of birth, postcode, agreement number (if known) and vehicle registration number. 

Please await confirmation before registering a formal complaint (STEP 2). We'll come back to you as soon as possible.

STEP 2: I have received confirmation that my finance agreement was subject to discretionary commission. How do I make a formal complaint?

Please complete the complaint form by clicking on the link below. If you have multiple finance agreements that were subject to discretionary commissions then please complete a form for each agreement. (All asterisked sections are mandatory). 

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DISCRETIONARY COMMISSION COMPLAINT FORM external-link-arrow-slim

When can I expect to hear from you?

We will be able to provide further details to you once the FCA have had an opportunity to carry out their investigations and reached a conclusion. We understand this will be 25 September 2024 at the earliest.

Where can I find further information from the Financial Conduct Authority?

https://www.fca.org.uk/carfinance

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