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Privacy Policy

MINI Financial Services

Posted On: January 14, 2005.

OUR COMMITMENT TO PRIVACY

This notice is being given to you on behalf of the following companies, and provides you with our policies on the handling of non-public personal information ("Customer Information") about you.

BMW FAMILY OF COMPANIES:

  • BMW Financial Services
  • BMW Bank of North America
  • BMW Insurance Agency
  • BMW of North America
  • Financial Services Vehicle Trust
  • BMW US Capital

Any Customer Information you choose to share with us will not be disclosed to anyone outside of the BMW Family of Companies, or our business partners. We will not, without your consent, release specific information about you or your account to third parties, except where such release is necessary to complete a transaction you have requested or unless we are required or allowed to do so by law.

INFORMATION WE COLLECT

As part of providing you with our products and services, we obtain Customer Information about you. We define Customer Information as:

  • name
  • address
  • social security number
  • income
  • information from a credit application
  • information from a consumer credit report
  • account balances
  • account history
  • telephone numbers
  • payoff balances
  • anything related to a transaction
  • or any other type of information about you that is gathered, stored or shared with a third party, Affiliate or vendor

MAKING THE SECURITY OF INFORMATION A PRIORITY

We limit access to Customer Information to only those employees who need it to perform their job duties while providing products and services to you, or to maintain or service those products or services. We maintain physical, electronic and procedural safeguards that comply with Federal regulations to protect Customer Information.

SHARING INFORMATION WITHIN THE BMW FAMILY OF COMPANIES

We share Customer Information about you within the BMW Family of Companies (our Affiliates). Any of the BMW Family of Companies may disclose certain information to each other in connection with your account and to assist us in providing offers for products or services that may be of interest to you. We are permitted by law to share with our Affiliates, information about our transactions or experiences with you, such as your account balance and payment history.

SHARING INFORMATION WITH COMPANIES THAT WORK FOR US

We may share Customer Information with non-affiliated companies that work for us. These companies may include financial service providers such as insurance companies or banks and non-financial companies such as those that provide your monthly statement. All of these companies act on our behalf, are contractually obligated to keep the Customer Information that we provide to them confidential and use the information only to provide the services we have asked them to perform for you and us. We may share Customer Information with non-affiliated companies that market our products and services or with whom we have joint marketing agreements. These companies may include BMW, MINI or Rolls-Royce Motor Cars retailers.

DISCLOSING INFORMATION IN OTHER SITUATIONS

We may also disclose Customer Information to credit bureaus, courts or other authorized governmental authorities, as required by law. These may include disclosing information in connection with a subpoena, fraud investigation, audits, or public record filings. BMW Financial Services may disclose certain Customer Information to a nonaffiliated third party in connection with an investigation to locate our collateral or to recover an outstanding debt.

KEEPING UP-TO-DATE WITH OUR PRIVACY POLICY

We will give you notice of our privacy policy annually, as long as you maintain an ongoing relationship with us. If your account(s) become inactive or closed for some reason, we will continue to treat and safeguard Customer Information about you, our former customer, as described in this notice.