Personal Finance | In Devon and Somerset | BMW

Private individual finance options

BMW Select Personal Contract Purchase (PCP)

Simply choose a BMW you like and we’ll arrange a finance plan that suits you, taking into consideration the contract length (typically between 24 and 48 months), an estimation of your annual mileage and your deposit contribution. Whether you have a monthly payment or particular deposit in mind, we can tailor a repayment plan to suit your budget and lifestyle. The importance of the GFV is that it lets you keep your options open at the end of your agreement. Your decision will be based on the future value of the car, which is why it’s important to accurately estimate your mileage. Depending on what the actual market value is when you come to change your car next time, you have the flexibility to select from one of the following options:

  • Pay the optional final payment and own your BMW*
  • Part-exchange your BMW and choose another vehicle**
  • Hand the car back***

In both the first two options, if the value of your car is more than what we predicted for you in the GFV, you get the benefit. If the GFV does not meet the market value, you are protected by the guarantee in the third option, you do not have to pay the final payment, and can hand the car back to us. However, your decision will need to factor in any additional charges relating to excess mileage and the condition of your car, which will influence the final market value.



BMW Hire Purchase​ (HP)

We can tailor a personal plan to suit you based on your available deposit, how much you would like to pay monthly and how long you would like the agreement to last (typically between 24 and 60 months). The purchase price of your car, less the deposit you wish to put in, becomes the balance on your agreement. Any interest and fees are then added and the total is repaid monthly over the term you choose. Once all payments have been made at the end of the agreement, you own your BMW*.​



BMW Personal Contract Hire (PCH)

Once you’ve chosen a BMW, decide on how long you’d like to hire the car for (typically between 24 and 48 months) and what your estimated annual mileage will be. We then agree with you an initial payment amount and a regular monthly rental to suit your budget. Providing the vehicle is within the agreed mileage and kept in good condition*, you will have nothing more to pay when you hand the car back at the end of the agreement.

You will not own the car and the payments will be plus VAT.