BMW Financial Services Middle East, Albatha Holding and AGMC Launch Region’s First Premium Captive Leasing Programme
Dubai, UAE: AGMC, the BMW Group importer for Dubai, Sharjah and the Northern Emirates, has launched an innovative new leasing programme that will make it easier than ever to drive home a luxury BMW Group vehicle.
BMW and MINI Leasing will be offered through BMW Albatha Leasing, a joint venture between BMW Financial Services, Albatha Holding and AGMC, and is the first premium captive leasing programme in the Middle East. It offers customers the opportunity to drive the BMW or MINI of their choice and avail of a host of benefits. These include: no down payment, flexible contract tenures of one, two or three years with up to 10,000, 15,000 or 20,000 kms and fixed monthly instalments covering all running costs except for petrol and Salik crossings. Their Salik card purchase will also be covered.
The move comes in the wake of a growing trend amongst individuals, professionals and businesses who are placing more emphasis on alternative and flexible mobility solutions as a reflection of a shifting economic landscape and evolving lifestyles. “We recognise that customer needs are changing so it‘s imperative that brands such as BMW and MINI are well-prepared to cater to a different set of demands,“ said Spiros Philippas, CEO of BMW Financial Services Middle East. “Although buying a car is still highly valued in the region, the automotive leasing concept is gaining traction amongst both private and commercial customers, and there is an increasing interest in products that provide more flexibility and peace of mind. Essentially, customers are looking for products that make mobility easier and more convenient. BMW Financial Services Middle East has invested in leasing because it does just that.“
Chosen as the launch partner due to its dedication to customers and their individual mobility needs, AGMC has worked closely with BMW Financial Services Middle East to develop a programme that is specifically geared towards its clientele.
“As a committed BMW Group importer, we believe in constantly investing in the brands to better serve our customers and enhance their overall motoring experience,“ said Osman Abdelmoneim, General Manager of AGMC. “This begins with offering financing solutions that help them to get the vehicle they want in a way that suits their individual lifestyles and budget. For today‘s generation of drivers, a vehicle is a lot more than just transportation – it is an extension of their identity or even a status symbol. In a market as transient and diverse as Dubai, we have found that consumers are hesitant to be tied down and appreciate greater flexibility for their mobility needs. Through BMW and MINI Leasing, we are now able to cater to these evolving needs and thus, appeal to a wider customer base. With no down payment, flexible contract tenures, fixed monthly instalments, and numerous other benefits such as a fully insured and maintained car, we have no doubt that this new offer will be a resounding success.”
BMW and MINI Leasing is the latest in a series of announcements from AGMC in its 40th year of operations as it embarks upon an ambitious, customer-orientated campaign to take its retail experience to greater heights. Most recently, the company announced the opening of a new state-of-the-art AED200 million BMW and MINI facility in Dubai Motor City, an area where there are currently no other automotive dealerships. Due to open in the last quarter of 2017, it will be an entirely different type of facility – more environmentally friendly and family orientated with an iconic and contemporary design, signalling a new era for the importer. In addition, AGMC has invested more than AED 100 million over the past five years across all areas of the business to enhance the overall customer experience. This includes the opening of new facilities in Fujairah and Deira, and the expansion of its Sheikh Zayed Road showroom in 2011 and again in March 2016, with the opening of a new workshop for BMW and MINI at the flagship facility, with 22 work bays, an exclusive MINI workshop and in-house training center.
BMW and MINI Leasing is offered through BMW Albatha Leasing, a joint venture between BMW Group Financial Services, Albatha Holding and AGMC. The flexible new mobility option will allow consumers and businesses across Dubai, Sharjah and the Northern Emirates access to a range of BMW and MINI vehicles, including the flagship BMW 7 Series, 5 and 3 Series, X family members as well as the popular MINI Hatch, Countryman, and the new Clubman and Convertible, without the long-term responsibility of ownership. Also, consumers can return the car after their chosen contract tenure, perfect for those who crave variety or regular new models with the latest high-tech and safety features.
For more information contact:
Leanne Blanckenberg, Corporate Communications Manager, BMW Group Middle East
Telephone: +971 4 313 2615 or email: Leanne.email@example.com
Katie Johnston, Edelman DABO
Telephone: +971 4 237 8012 or email: firstname.lastname@example.org
ABOUT AGMC: The official BMW Group importer for Dubai, Sharjah and the Northern Emirates.
As AGMC celebrates its 40th year, it looks back at all the great milestones and achievements over the past four decades. For 40 years, AGMC has delivered premium automotive products and services to its customers as the exclusive importer for BMW Group cars and Motorrad in Dubai, Sharjah and the Northern Emirates. Established in 1976, AGMC has now become one of the most important markets for BMW Group Middle East.
AGMC is passionately committed to the communities it serves, implementing a series of marketing activities and sponsorships that demonstrate its belief in the value and potential of the region. AGMC also takes corporate social responsibility very seriously and has a long-standing relationship with Dubai Police, in conjunction with the innovative BMW Connected Drive features, aimed at improving the level of safety on Dubai roads.
Currently, AGMC has 26 sales and service facilities across Dubai, Sharjah and the Northern Emirates. These include four BMW showrooms, four MINI Showrooms, two Rolls-Royce showrooms, three Certified Pre-Owned car showrooms under the BMW Premium Selection Programme and one BMW Motorrad showroom. Service facilities include two body shops, seven workshops and two car storage facilities and the only Rolls-Royce dedicated state-of-the-art aftersales facility.
About BMW Group Financial Services:
BMW Group Financial Services operates subsidiaries and runs partnerships with local financial services providers and importers in every continent in 57 markets around the world. It is one of the leading financial services companies in the automotive sector, with more than 7,600 associates serving
4.1 million customers (as of 31 December 2015). In 2015, the segment achieved a pre-tax profit of € 1.975 billion. Almost every second new BMW or MINI purchase is financed or leased by BMW Group Financial Services.