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Tips for Financing Your BMW

  • August 14, 2014
  • By Grace
  • 0 Comments
Tips for Financing Your BMW

BMW is, without any trace of doubt, one of the largest and most important car manufacturers in the world. A BMW car is more than just a vehicle though: it is a fine piece of art and a great piece of technology, it is the work of many people who took the time to pay attention to every single detail and it is an experience in itself.

If you do not have the money to actually buy your BMW in full in cash, but you still want one of their amazing cars , you will have to know the fact that there are many ways in which you can finance your BMW. However, do bear in mind that a bank loan may not be your best option and that it may be a bad long-term financial move.

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So, what then? How can you get a BMW car on Finance?

The answer is simple: BMW Financial Services. The financial services specialist at your BMW dealership can actually make you a great offer on your car finance. Basically, there are 3 main ways in which you can finance a car at BMW: BMW Select, BMW Hire Purchase and BMW Contract Hire. They all have their advantages and their disadvantages at the same time, but generally speaking, it is very likely that you will find one of them to be suitable for your particular situation. Read on and find out more information about what each of these packages can offer.

BMW Select

This is the kind of package those of you who like changing their cars very often will definitely go for. Basically, there will be several payments established every month and, at the end of the agreed time period, you will have the option of keeping the car (case in which you will have to make an extra final payment), of partially exchanging it with a new one or of returning it to BMW.

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BMW Hire Purchase

This package is probably the most “traditional” one. You will have to make fixed payments every month and they will be clearly established from the very beginning, so that you do not have any kind of surprises later on. The main advantage of this package is related to the fact that you can spread the costs of buying a BMW over a longer period of time, thus making this purchase less of an impact on your finances.

BMW Contract Hire

This package will not offer you with the chance of buying a BMW, but with the opportunity to hire it. Again, you will be able to make monthly payments and, if the car is in a very good condition at the end of the agreement, you will not have to pay for anything else. You can also add a low cost maintenance package to make sure that you give the car back in as good a state as it was when you received it. This particular financing package is very popular with businesses that are registered for VAT because they can reclaim 50% of their rental costs at the end of the year.

By Grace, August 14, 2014
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