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Media post: How to finance your BMW purchase

BMW i8BMW i8

With the all-new i3, i8, 2 Series, 4 Series, 4 Series Gran Coupé, 2 Series Active Tourer and X4 hitting the roads in 2014, BMW sales are bound to progress this year, not only in the UK but in Europe as well and worldwide, with a new all-time world annual sales record in sight.

Building on sales up 6% over the Full Year 2013 to 135,583 units, so far in 2014 in the UK BMW sales are up 15% on 2013 after two months at 10,971 units. As a reminder, over the Full Year 2013 the BMW 3 Series was down 2% but remained 7th overall with 43,494 sales while the BMW 1 Series was 21% and two spots on 2012 to #9 with 41,883 units. This means 2013 was the first year in history when BMW managed to place two models inside the annual Top 10! So there are more and more BMWs on UK roads, and you may be thinking of acquiring or potentially hiring a new or used one.


If this is the case, what are the best ways to finance your BMW purchase? BMW Financial Services offers you a choice of car finance options to help you own or hire your BMW, handling everything from paperwork to delivery arrangements once your choice is made. There are three main options to finance your BMW purchase.

BMW Select is BMW’s most popular car finance product. It will suit you if you know you might want to change your car regularly and therefore want to keep your options open. The way it works is there is an optional final payment at the end of the agreement, so you still benefit from reduced monthly payments. At the end of the agreement, you have the flexibility to choose whether you want to part-exchange your car for a new one, keep it or return it to BMW.

BMW 4 Series. Picture courtesy of largus.frBMW 4 Series

BMW Hire Purchase will suit you if you like to make fixed regular payments throughout your agreement. This way you can spread the cost of your car over time so it’s easy to budget. And because your monthly payments are fixed, you’ll always know exactly how much you’re spending.

BMW Contract Hire is for you if you’d rather hire a BMW than own one. This way you can drive the BMW you want without worrying about depreciation. Then, as long as the vehicle is within the agreed mileage and in good condition for its age, you will have nothing more to pay at the end of the agreement. This is a popular choice with business customers because VAT registered businesses can reclaim up to 50% of the VAT on their rentals.

So now for the million dollar question: what BMW will you choose?

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