Managing your agreement.

You can view and manage your agreement online at MyMINI Finance. Register in minutes to change your details and find out what happens at the end of your contract.

The vehicle can be taken on short trips of up to 30 days within the EU and cannot exceed 60 days in any calendar year. You must ensure the vehicle has fully comprehensive insurance and covers you for European travel. If you plan to take the vehicle abroad, please contact our Customer Services team on 0370 5050 123.

Contact your local MINI Centre who will be happy to assist.

You should have your car repaired under your motor insurance policy before returning it to us. Any repairs must be in accordance with the manufacturer's recommendations. You must also tell us about any accident damage you've had repaired during the agreement.

We understand that it can be difficult to arrange financial affairs after the death of someone and we want to make this process as simple as possible.

Please notify us by sending us a copy of the death certificate with a covering letter confirming the executor's details. Please email this information to customer.services@minifs.co.uk or post to:

Adwick Park,
Swinton,
Rotherham,
S63 5NA

Once we have received this information we will update the account and send you a letter explaining your finance agreement options. If you would like someone to talk you through these options, please contact Customer Services on 0370 5050 123.

If you have a new vehicle on order but it won’t be ready by the time you reach the end of your current agreement due to a delay, contact us to discuss your options on 0370 5050 123 or request an extension by emailing extension@bmwfin.co.uk.

If you make your monthly payments by Direct Debit, you should contact your bank in the first instance. Please be advised that for all direct debit instructions we will make two further attempts to collect your instalment. For manual payments, you can make payment via our 24hr automated Card Payment line on 0370 5050 123.

Please note, if you repay the arrears with a credit card you are at risk of escalating debt and additional interest charges. Before you proceed with this method of payment you may wish to consult with one the free debt advice agencies listed below:

• Money Helper – www.moneyhelper.org.uk/debt-advice-locator
• Citizens Advice – www.adviceguide.org.uk
• National Debtline – www.nationaldebtline.co.uk
• Money Advice Service – www.moneyadviceservice.org.uk

It is important that you keep in contact to advise us of your personal circumstances and to discuss how your payment(s) can be brought back up to date.

Please contact us and we will be happy to discuss the options available to you. If you would like more information on Repayment Plan support click here. Alternatively, to request support via a repayment plan click here.

Please be advised if you choose not to maintain your monthly payments this could have an adverse effect on your credit rating and may affect your ability to obtain credit in the future. Interest may be charged on any amounts unpaid.

• Direct Debit - You will need to complete a Direct Debit Mandate Form to confirm your new account details. You can download the form using the button below or through MyMINI Finance. Please fill in and email the completed form to customer.services@minifs.co.uk. Alternatively you can call us on 0370 5050 123. Please be advised that we may ask for additional information if the bank account is not in your name. 
• MyMINI Finance - It is possible to make a settlement or arrears payment within MyFinance. We use Trustly as our open banking provider. Information about the payment process and the provider is available here.
• Card Payment - This is the quickest way to make a payment - simply call our card payment line on 0370 5050 123. We accept the following credit or debit cards at no additional cost - Solo, Switch, Maestro, Visa Electron, Visa Debit, Visa, Mastercard, American Express. Please note that we do not accept payment by credit card for final payments or settlement. The card used must be registered in your name and to the home address we hold on file.
• Bank Transfer – Our bank details are as follows; 
  - Bank Name: HSBC Bank PLC 
  -Payee: MINI Financial Services 
  - Sort Code: 40-41-70 
  - Account Number: 60001953 
  - Reference: Please include your Agreement number as a reference. 
• Standing Order - - Our bank details are as follows; 
  - Bank Name: HSBC Bank PLC 
  - Payee: MINI Financial Services 
  - Sort Code: 40-41-70 
  - Account Number: 60001953 
  - Reference: Please include your Agreement number as a reference. 
• Cheque Payments - Please make all cheques payable to BMW Financial Services, and send to the following address quoting your agreement number on the reverse of the cheque: BMW Financial Services, The Accounts Department, Summit ONE, Summit Avenue, Farnborough, Hampshire GU14 0FB.
  

To update your Direct Debit, please login to your agreement through MyMINI Finance. Alternatively you will need to complete a new Direct Debit Mandate Form and send it to us via one of the following methods:

By email to customer.services@minifs.co.uk

By post to the following address:

MINI Financial Services,
Adwick Park,
Swinton, 
Rotherham
S63 5NA

By fax on 0870 5050 285

Once we receive the mandate back from you it will take 5 days to set it up with your bank. It may be necessary for you to make alternative arrangements for the next payment if it is due within 5 days of us receiving the request. Please note we cannot collect any money due under the agreement from anyone other than you.

Whilst we do not offer a Payment Holiday over and above any payment concessions previously available through a COVID19 Payment Deferral, we may still be able to help you.

Please do not cancel your Direct Debit arrangement with us. Instead, please contact us to discuss your concerns. Our specialist team are on hand to explore possible solutions based on your personal circumstances.

We can be reached at customer.services@minifs.co.uk or by phone at 0370 5050 123.

The following not-for-profit organisations can provide free, confidential, and impartial debt advice and support, should you need it.

• Money Helper – www.moneyhelper.org.uk/debt-advice-locator
• Citizens Advice – www.adviceguide.org.uk
• National Debtline – www.nationaldebtline.co.uk
• Money Advice Service – www.moneyadviceservice.org.uk

If your car has been written off or stolen, please notify us on 0370 5050 123 as soon as possible. You must continue making your monthly payments until the matter has been resolved with your insurance company.

Please be advised, if you choose not to maintain your monthly payments this could have an adverse effect on your credit rating and may affect your ability to obtain credit in the future. Interest may be charged on any amounts unpaid.

If the amount paid out by your insurance company is insufficient to cover the outstanding balance on your agreement, you will be required to pay the difference between the insurance company settlement figure, and the amount due to us in settlement of your agreement.

Please be advised, if you choose not to maintain your monthly payments this could have an adverse effect on your credit rating and may affect your ability to obtain credit in the future. Interest may be charged on any amounts unpaid.

You can make additional payments against your agreement; however, you will need a quote before any payments can be made. Please login to your agreement through MyMINI Finance or call us on 0370 5050 123.

The vehicle will be sold at auction, with the sales proceeds being offset against any liability you still owe us. If the sale of the vehicle does not settle the balance owed on your agreement, we will write to you, providing you with a Statement of Liability which detail the amount you are required to pay.

A Default will be recorded against a credit file upon termination of the agreement and will remain for 6 years. 

You are in Default when you do not adhere to the terms and conditions of the finance Agreement. An example of this would be not making your scheduled payments on time.

It may be possible to amend your regular payment date. 

If you are registered with MyFinance, please log onto your account to see what changes can be made. Alternatively, please call us on 0370 5050 123 and one of our advisors will be happy to assist.

A Default Notice may be issued for continued non-payment and/or a breach of our Agreement terms. 

Please refer to your Default Notice for details on why it has been issued and if it is possible for you to remedy any breach noted. The notice will also stipulate the expiry date confirming how long the notice is valid for before any further action may be taken by us.

If you are currently in a payment plan or have previously taken a payment deferral with us and since received Notice of Sums in Arrears, please do not worry. These are regulatory notices which are required by law to send to you for information purposes to keep you up to date with the current status of your agreement. So long are you are maintaining your regular monthly payments, or any payments agreed under a payment plan, you don’t need to take any action.

Open Banking is a quick and efficient way for you to provide us with information regarding your income and expenditure. As responsible lenders, this is information we require to allow us to assess your current financial position to help us consider an affordable repayment plan.When you agree to participate in Open Banking, you will be sent a link, either by email or SMS, which will allow you to provide us one-time access to your banking information.Once you have identified the appropriate bank account(s) and agreed to provide the information to us, we are sent a breakdown of your average monthly income and expenditure, providing insight to the disposable income available to you each month after your essential expenditure. We can then review this information and contact you to discuss how we may be able to assist you.

If you are registered for MyFinance, you will be able to view copies of any arrears communications we have sent to you since April 2022. To register for MyFinance please click here.

This statement outlines the amount you owe us following the sale of the vehicle. To pay this amount or discuss an affordable payment plan, please contact us on 0370 5050 123. This may be subject to an Income and Expenditure review with you, using Open Banking (with your agreement), to ensure the plan we set is affordable for you.

Your credit file may be impacted if you do not maintain your payments. We are required to report factually and therefore any payment outstanding for more than 28 days will be reported to the Credit Reference Agencies.  

For Active Agreements:
Although a payment plan has been agreed, since the regular instalment is not being made, in full, on the originally agreed date, any amounts outstanding for 28 days or more will report late payment markers to the Credit Reference Agencies until such time the agreement is brought back up to date. For the period you remain in a payment plan with us, this will be reflected as ‘an arrangement’ on your credit file.

For Settled or Expired Agreements:
Providing the first payment of your plan is received within 28 days of any outstanding balance falling due, with any subsequent payments being made as per the agreed plan, no late payment markers will be reported to the Credit Reference Agencies. Should the arrangement break at any point due to non or late payment, late payment markers will be reported until such time the balance is cleared, or the payment plan reset.

If you have a regulated MINI Select or MINI Hire Purchase agreement you have the right to end the agreement at any time, known as voluntary termination. You must hand back the vehicle and pay the balance to one half of the total amount due under your agreement (if you have not already paid at least one half) and in addition any arrears, excess mileage, and damage charges. We may be able to agree a repayment plan with you for any remaining balance due. This may be subject to an Income and Expenditure review with you to ensure the plan we set is affordable for you.

Details of this right are set out in your agreement under "Termination: Your Rights" and you can see more on our Ending Your Agreement page.

For more information on this option, you can call 0370 5050 123 and one of our advisors will be happy to help you.