Freshly minted college graduates usually aren’t the best credit risk – especially in today’s unpermissive environment when it comes to jobs. BMW thinks otherwise and declared that a good student needs a bimmer for graduation. On credit. Real credit. No more phony college credits. This is the real thing!
BMW started a College Graduation Program to get college graduates and young professionals in a bimmer and debt. According to a press release, “the Program encompasses both leases and loans and applies to new and certified pre-owned BMW and MINI automobiles, as well as BMW motorcycles.”
You need to either have graduated within the last 12 months, or are eligible for graduation with an undergraduate or graduate degree within the next 4 months and have a bona fide job offer. That’s pretty much it. Oh, payments shouldn’t be more than 25 percent of income.