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At Partridge BMW in Chandlers Ford, we can help you explore the finance options available on both models and find an arrangement that suits your budget and driving needs.

Here's a closer look at the different ways you can finance or lease a new BMW i3 or BMW iX3.

What finance options are available on a new BMW?

BMW Financial Services offers several ways to finance or lease a new car, including Personal Contract Purchase (PCP), Hire Purchase (HP) and Personal Contract Hire (PCH). Availability can vary depending on the model and current offers, so it's good to speak with a member of the Partridge BMW team to find out which options are available on the new i3 and iX3.

Each works slightly differently, depending on whether you want the flexibility to change your car, plan to own it outright or prefer to lease a vehicle for an agreed period.

What is BMW Select (PCP)?

BMW Select, also known as Personal Contract Purchase (PCP), is an option for drivers who want flexibility at the end of their finance agreement.

You usually pay an initial deposit followed by monthly payments. These are calculated using factors such as the vehicle price, agreement length, annual mileage and an agreed future value for the car.

At the end of the agreement, you have three options:

• Keep your BMW: Pay the optional final payment to take ownership of the car.
• Change your BMW: Part-exchange it towards another vehicle, using any available equity towards your next car.
• Return your BMW: Hand the car back, subject to the agreed mileage and vehicle condition requirements.

PCP can be worth considering if you like the idea of changing your car every few years or want to keep your options open at the end of the agreement.

What is BMW Hire Purchase (HP)?

Hire Purchase is a straightforward way to finance a new BMW if your intention is to own the car.

You pay an initial deposit followed by fixed monthly payments over an agreed period. Once all payments and any applicable fees have been made, ownership of the vehicle transfers to you.

Unlike PCP, Hire Purchase does not have an optional final payment or an annual mileage allowance.

It may suit drivers who want to spread the cost of their BMW while working towards owning it outright.

What is BMW Personal Contract Hire (PCH)?

Personal Contract Hire is a leasing option for drivers who want to use a new BMW without purchasing it.

You pay an initial rental followed by monthly payments for an agreed period. At the end of the agreement, you return the car, subject to the agreed mileage and vehicle condition requirements.

There is no option to own the vehicle through the agreement, making it different from PCP and Hire Purchase.

PCH may suit drivers who prefer to change their car regularly and want to avoid the responsibility of selling it at the end of their agreement.

What finance offers are available on the new BMW i3 and iX3?

Partridge BMW currently lists finance offers across its electric BMW range, including the new i3 and iX3.

Personal Contract Hire is available on selected versions of both models, alongside BMW Select (PCP) and Hire Purchase options. The exact offers and terms will depend on the model and specification you choose.

The monthly cost will also depend on factors such as your initial payment, agreement length and, for leasing, your annual mileage.

By contacting the team Partridge BMW, you can be updated with the latest offers and receive a personalised quote.

How do I choose the right BMW finance option?

The right finance option will depend on how you prefer to pay for your car and what you want to do at the end of the agreement.

If you enjoy changing your car every few years, PCP may offer the flexibility you're looking for. If you want to own your BMW outright, Hire Purchase could be more suitable. If you simply want to drive a new BMW for an agreed period without purchasing it, Personal Contract Hire is another option to consider.

It's also important to think about your annual mileage, how much you'd like to pay upfront and what monthly budget you feel comfortable with.

Final Thoughts

Whether you're interested in the new BMW i3 or iX3, there are several ways to spread the cost of driving a new electric BMW.

At Partridge BMW in Chandlers Ford, the team can talk you through the available finance options, explain the latest offers and help you find an arrangement that suits your needs.

Get in touch with Partridge BMW to discuss finance on the new BMW i3 and iX3 or request a personalised quote.

Frequently asked questions

What finance options are available on the new BMW i3 and iX3?

The main options to explore are Personal Contract Purchase (PCP), Hire Purchase (HP) and Personal Contract Hire (PCH). Availability will depend on the model and current offers.

What is the difference between PCP and Hire Purchase?

With PCP, you have the option to return the car, part-exchange it or pay the final payment to own it at the end of the agreement. With Hire Purchase, you make monthly payments towards owning the car, with ownership transferring to you once the agreement is completed.

Can I lease a new BMW i3 or BMW iX3?

Yes. Personal Contract Hire (PCH) is available on selected versions of both models. You pay an initial rental followed by monthly payments, then return the car at the end of the agreement.

Can I get a personalised BMW finance quote?

Yes. The team at Partridge BMW in Chandlers Ford can discuss the available finance options and provide a personalised quote based on your chosen model, deposit and preferred agreement.