Freedom, flexibility and control
BMW Select is simple, flexible and the perfect choice if you're interested in keeping your end of agreement options open.
Avoiding an excessive initial outlay means you retain funds in your business, fixed regular payments help with managing your budget and at the end of the agreement your business has a range of options to choose from.
How your business benefits
With BMW Select you can keep money in your business, your fleet up-to-date and your options open.
•More funds stay in your business because you can avoid an excessive initial outlay.
•Fixed regular payments mean you always know what you'll be paying, so it's easier to budget.
•Your regular payments don't incur VAT.
•The interest you pay is allowable against tax.
•Your BMW is classified as an asset on your balance sheet.
•A proportion of its value can be written down against profits.
•At the end of the agreement you have the flexibility to choose from three options - part exchange your BMW, keep it or return the car to us.
How it works
A step by step guide to getting the BMW you want for your business, and keeping your options open.
1.You decide on the BMW you want.
2.You choose the repayment period that's right for your business.
3.We agree a maximum annual mileage.
4.We provide a Guaranteed Minimum Future Value for your BMW, which becomes the optional final payment.
5.We agree a deposit and regular payment to suit your business budget.
6.At the end of the agreement your business has three options - part exchange the car, keep it or return the car to us.
The options your business has with BMW Select
When your finance agreement comes to an end, your business has a choice of three options:
Option 1 - part-exchange the car
Your business can part-exchange the BMW for another model at any authorised BMW UK Dealership. Any surplus value over and above the Guaranteed Minimum Future Value goes towards your business' next BMW as a deposit*.
Option 2 - keep it
Simply pay the optional final payment - the Guaranteed Minimum Future Value - plus a small purchase fee and the car belongs to the business.
Option 3 - return it
If it's not in the best interests of your business to hold on to the BMW, we'll be happy to take it back. Simply contact BMW Financial Services on 0870 505 0150 and they'll arrange to collect it. As long as it's in good condition and you haven't exceeded your agreed mileage, there's nothing more to pay**.
* A new agreement will be subject to status.
**Charges in respect of excess mileage and excess wear and tear may be payable.
