The BMW Select agreement is perfect for those who are looking to combine flexibility with low monthly payments. Barretts BMW understand that not everyone who takes out a finance agreement knows what they want to do when the term comes to an end.

The solution is simple. You begin by selecting a vehicle which is right for you. Decide what you are able to place down as a deposit and how long you would like the finance agreement to last for. This is can be anytime between 24 - 60 months. Then, think back and determine what your average annual mileage is likely to be.

Next is where we come in. We take a part of the cost of your BMW and freeze it until you reach the end of your agreement. This is what is referred to as an 'Optional Final Payment'. To work out how much will be frozen for your optional final payment, we use our knowledge of BMW and the current market and estimate what your BMW will be worth when the agreement ends. This is why we also refer to it as your BMW’s 'Guaranteed Future Value (GFV).'

By deferring part of your BMW’s value until the end of your agreement, you could make your monthly payments significantly smaller. This allows you the flexibility to opt for the right model, still within your budget.

BMW Select PCP - Barretts



At the end of your agreement, you will be required to choose one of three options:

  1. Pay off the remaining value (Optional Final Payment) and keep your BMW.*
  2. Part-exchange your BMW for a new one.**
  3. Return your BMW and there will be nothing more to pay, as long as it has been well looked after with no damage and hasn't exceeded the mileage allowance.***

In both options 1 and 2, if the value of your BMW is more than what we had predicted for you in the Guaranteed Future Value (GFV), you will benefit. If not and the market value is lower than our GFV prediction, you can choose to return the car to us with nothing further to pay, unless you have any excess mileage or damage charges.***

Terms and Conditions:

*The optional final payment is payable at the end of the agreement if you decide to purchase the vehicle. 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 you part exchange the vehicle for a new BMW, any surplus in the vehicle’s part exchange value over the optional final payment (and option to purchase fee) can be used as a deposit towards a new BMW.

***If the vehicle’s value is less than the optional final payment, you can hand it back to us without paying the optional final payment. However additional charges may be payable for both excess mileage (actual mileage higher than agreed contract mileage) and vehicle condition (using the standards set by the British Vehicle Rental and Leasing Association BVRLA vehicle condition guide). If your agreement is regulated by the Consumer Credit Act, this contractual option will be in addition to your statutory right to end the agreement early.

Finance is subject to status and available to over 18s in the UK only. Guarantees and indemnities may be required. Advertised finance is provided by BMW Financial Services (GB) Limited, Summit ONE, Summit Avenue, Farnborough, Hampshire GU14 0FB.