BMW Enters Automotive Financing Market Will lend €100m to new Buyers

BMWAfter securing approval to open a Dublin-based finance operation, GERMAN car giant BMW hopes to lend up to €100m to the Irish market next year.
Phillip Kelly, BMW’s Irish Financial Services manager said that Irish market for car financing was solid despite the recession.

Kelly said that in the first ten days of work, over 250 people with excellent credit records have applied for loans.

“Our view would be that the Irish public has already been through a pretty good stress test (over the recession). . . and 87pc of the population are still in jobs.”

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