Representative Example: Borrow £7,000 with £1,000 deposit over 48 months with a representative APR of 15.9%, monthly payment would be £166.52, with a total cost of credit of £1,992.92 and a total amount payable of £7,992.92.
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BMW Hire Purchase
BMW are a powerhouse within the motoring world and have been manufacturing high-performance, refined and super reliable cars for generations. This instantly identifiable global brand has become synonymous with luxury, dependability and innovation. So, it’s no wonder that you’ll have your eyes set on one.
BMW hire purchase from Car Money is the perfect financing option as it allows you to spread the cost of your car over a period of time.
These costs are fixed and agreed upon by both you and the lender, so you know exactly what payments will be made.
What is Hire Purchase?
For all extents and purposes, hire purchase is when you hire a vehicle from a finance company for an agreed period of time. You and the lender come to an agreement about how much your initial payment will be, how much you will pay monthly and the terms of the policy.
This allows you to spread the cost of your desired car over a fixed term. The higher the initial payment you make, the lower the monthly payments will be.
Once the agreement ends, and assuming you have met the terms of the agreement, the vehicle is transferred over and you become the legal owner.
Benefits of BMW Hire purchase
BMW Hire purchase is the perhaps the easiest method of owning your dream car because there are many benefits to hire purchase which make it an attractive financing option.
You own the car after final payment is made, and it’s a straightforward application process. Additionally, it offers additional protection over a personal loan. Finally, the monthly payments and terms are tailored to meet your budget.
The only risk of hire purchase is that the loan is secured against the vehicle. This means that if you repeatedly miss payments on the loan, the vehicle could end up being repossessed.
Why choose BMW Hire Purchase with Car Money?
Nikki the ninja is passionate about car finance deals, and he loves nothing more than finding the best ones for you. He’s sharpened his trusty katana, limbered up and is itching to start slashing car finance rates. So, you might want to give him a little space. A bit more. And watch those fingers!
- Burn rubber not cash - Save thousands buying your next car! Cheap car loans from 5.9%.
- No speed bumps - No obligation, no hidden fees.
- Fast Lane - Quick quote, free check, fast acceptance.
- You’re in the driving seat - We don’t steer you towards a particular lender.
Oh, and let’s not forget Nikki’s price promise! He’ll beat any car finance quote today - guaranteed! Find a better price on car finance and Nikki will beat it. See for yourself. Put him to the test now...