Car finance for BMWs allows you to spread the cost of your car across a flexible deposit and monthly payments.
You can choose from PCP (Personal Contract Purchase) or HP (Hire Purchase) car finance plans, with payments lasting across your fixed payment term.
How it works
Pick your perfect BMW and start the finance process.
Get a quote
Get a PCP or HP quote and choose your deposit amount, or consider a part exchange.
Apply online
Provide details like your home address and affordability to get a personalised offer for financing a BMW.
Get a decision
Finance lenders will review your application and let you know if you’ve been accepted.
Your offer
Accept your offer if you’re happy and start your car finance term.
How much does it cost to finance a BMW?
The cost of a BMW on finance depends on:
how much the used BMW costs
your deposit amount
the length of the term you choose
the interest rate you are offered
You can also part-exchange your current car to pay towards your next model.
Make sure you can commit to the term of the loan and that you can afford the monthly payments on top of your usual spending.
Failing to pay car finance or making late payments can damage your credit score.
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What you’ll need to apply for finance for BMW cars:
In the application, you may be asked for:
your name
date of birth and nationality
your recent address history
your employment status
Bank details
your driving licence – full or provisional
your income and outgoings
Choosing HP or PCP for your BMW: what’s the difference?
HP (Hire Purchase) and PCP (Personal Contract Purchase) are types of car finance that help you pay for a BMW.
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With HP car finance for a BMW, you:
Put down a deposit
Choose your car finance term
Pay monthly payments over a set time
Own the BMW car at the end of the plan
If you want to end the agreement early, wear and tear charges may apply.
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With PCP car finance for a BMW, you:
Put down a deposit
Choose your car finance term
Pay monthly payments over a set time
Keep, hand back or part exchange the BMW car at the end, with an optional final payment if you choose to keep the car
If you want to hand back the BMW – this is subject to mileage and condition (excess mileage and damage charges may apply).
If you part exchange at the end – this may be subject to paying off your existing finance agreement and new credit agreements.
It’s important to give an accurate mileage if you apply for PCP. If you go over your allowance, you’ll have to pay an excess mileage charge.
BMW car finance FAQs
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