Dealer Start Products Benefits for Dealer About Us Answers Contact Us
Dealer FAQ

Important terms − the Glossary

With Alphera it has never been as easy to finance the car of your dreams. Should you still have any questions – you'll find the answers here.

Balloon finance

Method of finance by instalments in which in addition to regular monthly payments a higher final instalment is agreed with which the loan is finally discharged. This lowers the monthly payment and combines the advantages of leasing and financing.

Close
Borrower

Contracting party of the lender or the bank. The person who signed the loan agreement and usually receives the amount paid out.

Close
Default

Your failure to meet one or more conditions of your finance agreement. Default may result in early termination of the finance agreement.

Close
Final repayment

Payment of the (final) instalment that discharges the loan. Afterwards title to the vehicle is transferred to the borrower.

Close
Finance

Purchase of an item through a loan or lease over a certain period of time with fixed monthly payments.

Close
Follow-up finance

After the expiry of a final instalment finance agreement, it is possible to conclude another agreement immediately.

Close
Instalment credit

An instalment credit is a loan repaid in fixed instalments over a certain period.

Close
Lender

The bank that provides a loan in return for an appropriate amount of interest.

Close
Loan

Amount that is provided to a borrower by a bank or finance company in return for an appropriate amount of interest and based on numerous terms and conditions.

Close
Loan agreement

Agreement between the bank and the borrower on the extension and repayment of a loan.

Close
Purchase finance rate

The interest rate used to compute your monthly finance payment.

Close

Dealer Login

Keep track - and actively manage your business.

BMW Group Financial Services
Contact

Questions? Suggestions? Ideas for a new product? We are there for you.

Contact us now

Become a Partner

Benefit from our effective service and our comprehensive range of finance products.

Find out more
Alphera Home Site Map Privacy Policy Alphera.com