BMW Finance ​

Finance Explained

When you're in the market for a new car, at Dick Lovett we can help to maximise the options available to you through the wide range of financial services that we have to offer. Whether you are looking to own or hire a brand-new or Approved Used BMW, and whether it's for private or business use, we'll have a solution to suit your needs.

We are confident that we have the plan to suit your budget, and our team of expert advisers will be on hand to help you at every stage of the process.


Types of Finance 

If you're looking for a BMW for personal use, BMW Select, our Personal Contract Purchase product, is our most popular car finance product for both new and used cars. The reason for this is due to its key feature, which we call the Guaranteed Future Value (GFV). BMW Select is a flexible alternative as it defers a proportion of the car's total value until the end of the agreement as an optional final payment. This amount is the Guaranteed Future Value (GFV) and as this is deferred to the end of the agreement, you may find your monthly payments could be less than you think. Therefore you could choose to add more options to you car, or maybe upgrade to a higher specification model, all within your budget. Flexibility is also at the heart of BMW Select, as when you come to the end of your agreement you can select one of the following options:

  • Pay the optional final payment and own your BMW
  • Part-exchange your BMW and choose another vehicle
  • Hand the car back

Other Options

If you're interested in owning your new or used BMW at the end of your finance agreement and making fixed regular payments without any mileage restrictions, then BMW Hire Purchase may be the finance solution for you. We can tailor a repayment plan to you personally based on your available deposit, how much you would like to pay monthly and for how long you would like the agreement to last (typically between 12 and 60 months).

For business users, BMW Contract Hire is a popular choice as it allows you to drive the BMW you want without having to worry about depreciation or disposing of the vehicle at the end of your agreement. It also allows VAT registered businesses to reclaim up to 50% of the VAT on their rentals and up to 100% on the maintenance charge (if maintenance is selected as part of the contract). There are also other options available, which our dedicated Corporate Sales team will be able to guide through.

As you can see, there are many competitive plans at your disposal. To discuss models and next steps, get in touch with a member of our team today.



Bath - 01225 448 145

Bristol - 0117 905 0000

Hungerford - 01488 682 772

Swindon - 01793 615 999



This introduction does not amount to independent financial advice. Dick Lovett (Bristol) Ltd is directly authorised and regulated by the Financial Conduct Authority for the broking of Consumer Credit under Firm Reference Number 677067. Dick Lovett (Specialist Cars) Ltd is directly authorised and regulated by the Financial Conduct Authority for the broking of Consumer Credit under Firm Reference Number 673789. Dick Lovett (Hungerford) Ltd is directly authorised and regulated by the Financial Conduct Authority for the broking of Consumer Credit under Firm Reference Number 665120. Dick Lovett (Bath) Ltd is directly authorised and regulated by the Financial Conduct Authority for the broking of Consumer Credit under Firm Reference Number 690052. The Dick Lovett BMW division is an appointed representative of BMW Financial Services (GB) Limited, which is authorised and regulated by the Financial Conduct Authority, for its general insurance mediation activities.