BMW Financial Services
BMW Financial Services – the right solution for you
We have a range of finance solutions available from BMW Financial Services, designed to suit your needs, whether you are looking to own or hire a new BMW or an Approved Used BMW. Whether for private or business use, our flexible range of car finance options offers choice, flexibility and freedom.
When you have chosen the most suitable finance package for your needs, we will take care of the paperwork and the delivery arrangements.
Private Individuals
BMW Select
BMW Select offers the flexibility and freedom to drive the BMW you want for as long as you wish and keep your end of agreement options open.
1. You choose the BMW you like.
2. You choose the repayment period that's right for you.
3. We agree a maximum annual mileage with you.
4. We decide a Guaranteed Minimum Future Value for your BMW, which becomes the optional final payment.
5. We agree a deposit and a regular payment to suit your budget.
6. At the end of your agreement you have the flexibility to choose one of three options - part-exchange your BMW for another one, keep it or return the car to us.
BMW Hire Purchase
The most straightforward way to pay for your BMW, by spreading the cost evenly over an agreed period of time.
1. You decide on the BMW you want.
2. You choose the repayment period that's right for you.
3. You agree a deposit and regular payment to suit your budget.
4. At the end of the agreement, provided you've paid all the necessary payments, the car is yours to keep.
BMW Lease Purchase
The simplicity of Hire Purchase, but with reduced regular payments and a larger final payment.
1. Decide on the BMW you want.
2. Choose the repayment period that's right for you.
3. Agree a future resale value for the car, which then becomes the final payment.
4. At the end of the agreement, provided you've paid all the necessary payments, the BMW is yours to keep.
BMW Contract Hire
BMW Contract Hire offers the convenience of regular payments, without the worries of depreciation or selling the car at the end of your finance agreement. For total peace of mind, you can pay a small additional amount to include maintenance cover within your regular payments.
1. You decide on the BMW you want.
2. You choose the hire period that's right for you.
3. We agree on your maximum annual mileage.
4. We agree a regular rental to suit your budget*.
5. At the end of the agreement, we'll arrange collection of your BMW**.
* Should the rate of VAT vary during the hiring period, BMW Financial Services may vary the rentals.
** Excess mileage charges and charges for excess wear and tear may be payable.
Business Users
BMW Select
Regular monthly payments with the flexibility to keep your end of agreement options open. Avoiding an excessive initial outlay means you retain funds in your business, while fixed regular payments help with managing your budget and at the end of the agreement your business has a range of options to choose from.
1. You decide on the BMW you want.
2. You choose the repayment period that's right for your business.
3. We agree a maximum annual mileage.
4. We provide a Guaranteed Minimum Future Value for your BMW, which becomes the optional final payment.
5. We agree a deposit and regular payment to suit your business budget.
6. At the end of the agreement your business has three options - part exchange the car, keep it or return the car to us.
BMW Hire Purchase
A simple and straightforward way to spread the cost of your BMW over an agreed period of time, with a choice of a variable or fixed interest rate.
1. Decide on the BMW you want.
2. Choose the repayment period that's right for your business.
3. Choose whether you would like a fixed or variable interest rate.
4. If you opt for a variable rate, your business can choose between a 'Base Rate' or 'Balanced Payments' agreement.
5. The business agrees a deposit to suit its budget.
6. At the end of the agreement, provided all the necessary payments have been paid, your business owns the BMW.
7. If you have opted for a 'Balanced Payments' variable rate agreement, at the end of the agreement you may receive a refund or be required to make an additional payment, depending on average interest rates during the term of the agreement.
BMW Lease Purchase
The simplicity of Hire Purchase, but with reduced regular fixed payments and a larger final payment. This is also tax-efficient as a proportion of the car's value can be written down against profits and the interest you pay is allowable against tax.
1. You decide on the BMW you want.
2. You choose the repayment period that's right for your business.
3. We agree a future resale value for your BMW at the end of the agreement which becomes the final payment.
4. At the end of the agreement, provided all the necessary payments have been paid, your business owns the car.
BMW Contract Hire
Avoid the worries of depreciation, maintenance and disposal by hiring a BMW for your business. Fixed monthly rentals and the inclusion of an optional maintenance package make it easy to budget, without the worry of ownership.
1. Decide on the BMW you want.
2. Choose the hire period that's right for your business.
3. Agree a maximum annual mileage for the car.
4. Agree a regular rental to suit your budget*.
5. At the end of the agreement, we arrange collection of your BMW**.
* Should the rate of Corporation Tax or VAT vary during the hiring period, we may vary the rentals.
** Excess mileage charges and charges for excess wear and tear may be payable.
BMW Leasing
Improve business cash flow by choosing either a full payout or balloon lease at the end of the agreement. Beneficial for VAT registered businesses, offering fixed monthly rentals on which 50% of the VAT can be reclaimed. There are two options:
Full Payout
1. You decide on the BMW you want.
2. You choose the rental period that's right for your business.
3. You pay a deposit and make fixed regular rentals.
4. At the end of your agreement you sell the car on behalf of BMW Financial Services to an unconnected third party or any authorised BMW UK Dealer.
5. Your business receives a 100% refund of the sales proceeds of the car.
6. If you wish to continue leasing your BMW at the end of the agreement, you can choose to pay an annual rental and enter into a secondary leasing period.
Balloon Leasing
With a Balloon Lease your regular rental payments are lower compared to a Full Payout Lease because a lump sum final payment, based on the car's estimated resale value and mileage during the agreement, is deferred until the end of the agreement.
1. You decide on the BMW you want.
2. You choose the rental period that's right for your business.
3. We agree a future resale value for your BMW.
4. Your business pays a deposit and makes fixed regular rentals.
5. At the end of your agreement you sell the car on behalf of BMW Financial Services to an unconnected third party or any authorised BMW UK Dealer.
6. If you sell the car for more than the agreed resale value (excluding VAT) you'll receive a full refund of the sale proceeds. If it is sold for less, you'll have to make up the difference.
If you would like to discuss your options further, please contact our Business Manager who will be delighted to help.
