Is it true that BMW received a text message asking for full settlement after it was overdue?

Really. If the car loan is overdue, once you receive the text message, you can negotiate with the lending institution to repay the remaining loan. If the bank or auto financing company agrees to negotiate repayment with the user, the user does not need to pay in one lump sum, and the repayment time can be agreed separately. However, if the lending institution does not accept the application for negotiated repayment, the user must repay it in one lump sum.