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What Finance Options Are Available?

Partridge BMW offers several different finance solutions across new and Approved Used BMW models, including:

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

Each option works slightly differently depending on whether you would like lower monthly payments, eventual ownership of the vehicle or the flexibility to change vehicles more regularly.

What Is BMW Select (PCP)?

BMW Select, also known as Personal Contract Purchase (PCP), is one of the most popular finance options available at Partridge BMW.

With PCP, customers typically pay:

• an initial deposit
• fixed monthly payments
• and an optional final payment at the end of the agreement

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

• return the vehicle
• part exchange for another BMW
• or make the optional final payment to keep the car.

Many drivers choose PCP because it can offer lower monthly payments compared with some other finance options while also providing flexibility at the end of the agreement.

What Is Hire Purchase (HP)?

Hire Purchase (HP) is a more straightforward finance option for customers planning to own the vehicle at the end of the agreement.

With HP, the cost of the vehicle is paid through fixed monthly instalments over an agreed period. Once all payments have been completed, ownership of the vehicle transfers to the customer.

Unlike PCP agreements, HP does not include an optional final payment and there are typically no mileage restrictions.

For some drivers, HP can feel like a simpler long-term ownership option, particularly for those planning to keep the vehicle for several years.

What Is BMW Contract Hire?

BMW Contract Hire allows customers to lease a BMW for an agreed period and mileage without owning the vehicle.

Monthly payments are fixed for the duration of the agreement, and at the end of the contract the vehicle is simply returned.

For some drivers, Contract Hire can be an appealing option for driving a newer BMW while avoiding concerns around long-term ownership or resale value.

How Do You Choose the Right Finance Option?

The right finance option will often depend on:

• budget
• annual mileage
• whether you plan to own the vehicle
• how often you like to change cars
• and the type of BMW you are considering

Some drivers prefer the flexibility of PCP, while others may prefer the straightforward ownership route offered by HP. Contract Hire may also suit drivers looking for fixed monthly costs and shorter-term use.

At Partridge BMW, customers can discuss the different options in more detail while exploring which finance solution best suits their needs and driving habits.

Frequently Asked Questions

Are Finance Options Available on Approved Used BMWs?

Many finance products available at Partridge BMW can also be applied to Approved Used BMW models.

For some customers, this can offer a way to access different BMW models while keeping monthly payments more manageable.

What is the difference between PCP and HP?

PCP typically offers lower monthly payments with an optional final payment at the end of the agreement, while HP involves paying for the vehicle in fixed instalments until ownership transfers to you.

Can I finance an Approved Used BMW?

Yes, finance options including PCP and HP are available across many Approved Used BMW models at Partridge BMW.

Is BMW Select the same as PCP?

Yes. BMW Select is BMW’s Personal Contract Purchase (PCP) finance product.

Which finance option gives the lowest monthly payments?

For many drivers, PCP can offer lower monthly payments compared with HP because part of the vehicle’s value is deferred until the end of the agreement.

Final Thoughts

With several finance products available across both new and Approved Used BMW models, there are options suited to a wide range of budgets, driving habits and ownership preferences.

At Partridge BMW, customers can visit us in Hampshire to explore the latest BMW range and discuss finance options and our current offers in more detail. Our team is on hand to explain the differences between each finance product, answer questions and help customers choose the option that best suits their needs.