The 2004 Formula BMW Asia season was won by Marchy Lee of Hong Kong, driving for Team Meritus. Lee finished the season on 250 points, followed by BMW Junior driver, 24-year-old You Kyong-Ouk and Rookie Cup winner Mehdi Bennani), both on 124 points. Lee received an extra prize in recognition of his extraordinary achievements – a three-day test with the Team Rosberg Formula 3 outfit.

Formula BMW was a junior racing formula for single seater cars. It was positioned at the bottom of the motorsport career ladder alongside the longer established Formula Ford category. Like Formula Ford, it was intended to function as the young kart racing graduate's first experience of car racing.