BMW Financial Services - Select Fiance

BMW Select, our Personal Contract Purchase product, is our most popular car finance product for both new and used cars. This is because of its key feature, which we call the Guaranteed Future Value (GFV).

BMW Select can be a flexible alternative by deferring a proportion of the car’s total value until the end of the agreement as an optional final payment. This amount is the Guaranteed Future Value (GFV) and is the key to how BMW Select works.

More BMW for your money.
As you are deferring a proportion of the car’s value until the end of the agreement, your monthly payments could be less than you think. This may give you the flexibility to add more options to your car, or even upgrade to a higher specification model, all within your budget. Or you can simply pay less a month for the car you want, compared to Hire Purchase, our alternative product offering vehicle ownership at the end of the agreement (although the total amount payable for ownership may be higher).

How it works
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, 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.