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At Partridge BMW, customers can explore a range of finance products across Approved Used BMW models, with options to suit different budgets and ownership preferences. Whether you're looking for lower monthly payments, full ownership or prefer to change cars more regularly, understanding the available options can help you decide which is right for you.

What Finance Options Are Available for Approved Used BMWs?

Partridge BMW offers finance solutions for Approved Used BMW models, including:

• BMW Select (PCP)
• Hire Purchase (HP)

Each option works differently depending on whether you want the flexibility to change vehicles or a route to ownership.

What Is BMW Select (PCP) for Approved Used BMWs?

BMW Select, also known as Personal Contract Purchase (PCP), allows you to spread the cost of an Approved Used BMW through an initial deposit and fixed monthly payments, followed by an optional final payment.

At the end of the agreement, you can usually choose to:

• Return the vehicle.
• Part-exchange it for another BMW.
• Pay the optional final payment to keep the car.

PCP can be an option for drivers who want to change their BMW every few years while keeping their monthly payments within a planned budget. The amount you pay will depend on factors including the vehicle price, deposit, agreement length, mileage allowance and optional final payment.

What Is Hire Purchase (HP) for Approved Used BMWs?

Hire Purchase (HP) allows you to spread the cost of an Approved Used BMW through an initial deposit and fixed monthly instalments over an agreed period.

Once all required payments have been made in accordance with the agreement, ownership transfers to you.

Unlike PCP, HP does not have an optional final payment of the same kind, and there are typically no mileage restrictions. This can make it worth considering if you intend to keep your Approved Used BMW for several years and want a very straightforward route to ownership.

How Do You Choose the Right Finance Option?

The most suitable finance option will depend on your budget, how you intend to use the car and whether you want to own it at the end of the agreement.

When comparing finance for an Approved Used BMW, consider:

• Budget: How much you can afford to pay upfront and each month.
• Annual mileage: Your expected mileage and whether an agreement includes a mileage allowance.
• Ownership: Whether you want to own the car or have the option to return it.
• How often you change cars: Whether you plan to keep your BMW for several years or change it more regularly.
• Total cost: The deposit, monthly payments, interest, fees and any optional final payment.

At Partridge BMW, the team can explain the differences between the available finance products and help you explore options for your chosen Approved Used model.

Final Thoughts

With finance options to consider, comparing the terms of each agreement can help you find a solution that suits your budget and how you intend to use your car.

At Partridge BMW, our team can help you explore the Approved Used range, explain the finance options available and discuss current offers. Get in touch or visit us in Chandler's Ford to find out more and request a personalised quotation.

Frequently Asked Questions

Can I finance an Approved Used BMW?

Yes, finance options including BMW Select (PCP) and Hire Purchase (HP) are available across eligible Approved Used BMW models at Partridge BMW, subject to availability, finance approval and the applicable terms.

What is the difference between PCP and HP on an Approved Used BMW?

PCP includes an optional final payment and gives you choices at the end of the agreement, including returning or purchasing the vehicle. HP involves paying for the vehicle through instalments, with ownership transferring once the agreement's payment requirements have been met.

Can I get lower monthly payments with PCP?

PCP can offer lower monthly payments than HP in some circumstances because part of the vehicle's value is deferred to an optional final payment. The actual payments depend on the vehicle, deposit, interest rate, agreement length and other terms.

Can I part-exchange my current car for an Approved Used BMW?

You can enquire about part-exchanging your current vehicle when buying an Approved Used BMW from Partridge BMW. The value offered will depend on factors including its condition, mileage and market value.