BMW Financial eyes 2 more products

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Jim Henry
Automotive News
June 15, 2011 - 10:08 am ET

BMW Financial Services is looking to add two BMW-branded F&I products.

One is an excess-wear-and-tear policy for lease customers. The other is a "CPO wraparound" product that would enable certified pre-owned vehicle customers to purchase coverage beyond the standard 6-year/100,000-mile warranty.

"We're in our due diligence" on those products, says Shaun Bugbee, vice president of sales and marketing at BMW Financial Services in Woodcliff Lake, N.J.

If approved, he said, the products probably would launch around the end of the year.

You can reach Jim Henry at autonews@crain.com.

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