Published on February 10th, 2015 | by Daniel Sherman Fernandez0
BMW Group Malaysia introduces Special Ownership Programmes for Companies and SMEs
Is your company looking to replace it’s ageing company car fleet? Perhaps you own an SME and you’re looking to purchase some company cars to get around; well, BMW Group Malaysia is starting a solid programme to cater to those looking for just that. The new Corporate Programme includes a special offering for SMEs, company fleet purchases and renewals as well as multinational companies with worldwide corporate agreements with the BMW Group and are available on selected models at all BMW and MINI Authorised Dealers across the country. There’s a lot of information below, so digest it slowly and identify which would apply to you.
Specifically for SMEs, the programme offers a 3% rebate with the minimum purchase of two vehicles and is applicable for SMEs in the manufacturing sector with sales turnover not exceeding RM50 million or full-time employees not exceeding 200 workers as well as SMEs in the services and other sectors with sales turnover of not exceeding RM20 million or full-time employees not exceeding 75 workers. SMEs must be registered with the Companies Commission of Malaysia (SSM), respective authorities of district offices in Sabah or Sarawak or respective statutory bodies for professional service providers.
Meanwhile, public listed companies on the main board as well as subsidiaries of public-listed companies on the main board, large firms, multinational corporations (MNCs), government-linked companies (GLCs), Syarikat Menteri Kewangan Diperbadankan (MKDs) and state-owned enterprises can enjoy a 4% rebate for every fleet purchase of four to seven units while companies that purchase eight units and more are entitled to a 6% rebate.
The new programme for Malaysian companies also includes new fleet renewal benefits where companies that have purchased four to seven units with the previous agreement can now enjoy a 4% rebate when purchasing an additional one to seven units while companies which have purchased eight or more vehicles will be entitled to a 6% rebate for every vehicle acquired. Aside from the benefits for SMEs and listed companies, a 5% rebate is also offered on selected vehicles purchased under the International Supply Agreement with the BMW Group. International Supply Agreements are worldwide corporate partnership agreements the BMW Group have with multinational organisations that operate across multiple locations- essentially if you work with a multinational company, you can benefit from this agreement.
The benefits of the new Corporate Programme are also applicable to spouses of employees in the partner companies. With approval from BMW Group Malaysia, the concessions may also be extended to subsidiaries of the parent companies. In order to enjoy these privileges, corporate customers need to provide supporting documents that include a To Whom It May Concern letter, business card, latest payslip and marriage certificate for units registered under the spouses’ name. The programme is valid for 24 months from the first unit purchased.
As part of the BMW Corporate Programme, customers are also entitled to corporate privileges when a new vehicle is purchased. This includes;
Privileges from BMW Credit (Malaysia) Sdn Bhd, a 3% reduction off the normal loan interest rate on any purchase under the BMW Corporate Programme.
BMW Service and Repair Inclusive, all new BMW cars purchased from BMW Authorised Dealers come with maintenance and repair savings for three years or up to 60,000 kilometres, whichever comes first.
MINI Service Inclusive, all new MINI cars purchased from MINI Authorised Dealers come with maintenance and repair savings for three years or up to 50,000 kilometres, whichever comes first.
BMW Driver Training Program, multitude of thrilling exercises designed to sharpen specific driving skills to take control of the vehicle in any situation for a special rate for the training programme at only RM888 instead of the regular RM1,700.
BMW White Card Privileges, exclusive invitations to special events by BMW such as product launches, sneak previews, and partner events.
The BMW Group Malaysia Corporate Programme is subjected to terms and conditions and applications are required to be approved by BMW Group Malaysia. The programme is however not applicable for the BMW X1 xDrive 20d, the new MINI Cooper 3-Door (Salt), and any other models sold under promotional offers, duty free as well as vehicles purchased as part of the MM2H and MREP programmes.