Are you looking for all the thrills of driving a BMW with none of the hassle of ownership, depreciation and selling your car when the contract has ended? This may be the financial option for you.
BMW Personal Contract Hire is popular with corporate customers as VAT registered businesses are able to reclaim up to 50% of the VAT back from their rentals and up to 100% of the VAT on the maintenance charges.*
When you have selected a BMW, it's time to decide the length you would like your agreement, this is usually between 24 and 48 months, and estimate your annual mileage. From this, we will work out your initial and ongoing monthly rentals and when the agreement comes to an end, you simply hand your car back. As long as it has been taken care of and has it is still within your mileage allowance, you will have nothing more to pay.**
If you wanted to, you could always start over with an all new vehicle and set up a new BMW Personal Contract Hire.
Terms and conditions:
If you wish to discuss different arrangements, your BMW Retailer will be able to advise you of your options.BMW Personal Contract Hire is not available on used cars. We remain the owner of the vehicle during the agreement and we may become entitled to recover the vehicle if you do not keep up your repayments.
*If the rate of VAT changes during the hiring period, BMW Financial Services may change the rental charges. The amount of VAT you can reclaim depends on your businesses VAT status.
**Additional charges may be payable for both excess mileage (actual mileage higher than contract mileage) and vehicle condition (British Vehicle Rental and Leasing Association Standards).Hire is subject to status and available to over 18s in the UK only. Guarantees and indemnities may be required. Advertised hire is provided by BMW Financial Services (GB) Limited, Summit ONE, Summit Avenue, Farnborough, Hampshire GU14 0FB.