BMW Contract Hire BMW Contract Hire

BMW Contract Hire.

Initial rental + monthly rentals.

Available for both personal and business users, BMW Contract Hire is a truly simple way to get into a new BMW.

WHO IS IT FOR?

This option could be right for you if you’re looking for all the exhilaration of driving a BMW, with none of the hassle of ownership, depreciation and selling your car after your contract has ended. 

BMW Contract Hire is a popular choice with our business customers because VAT registered businesses can reclaim up to 50% of the VAT on their rentals and up to 100% of the VAT on the maintenance charge.**

HOW IT WORKS.

Once you’ve chosen a BMW, decide how long you would like your agreement to last (between 24 and 48 months) and what your estimated annual mileage will be. With this information, we will work out your initial and ongoing monthly rentals. When your BMW Contract Hire agreement comes to an end, simply hand your car back and, as long as it has been looked after and you’ve stayed within your mileage allowance, you will have nothing more to pay***. You could even choose to start all over again with a new model.

YOUR NEXT STEPS.

To explore our latest finance offers or find BMW Approved Used Cars, please click the links below:

Finance offers

Approved Used BMW


FIND OUT ABOUT OUR OTHER PRODUCTS:

SEE HOW OUR PRODUCTS COMPARE.

BMW SELECT (PCP) BMW HIRE PURCHASE BMW CONTRACT HIRE
Deposit + monthly payments + optional final payment. Deposit + monthly payments. Initial rental + monthly rentals.
Term for new vehicles 24 – 48 months* 24 – 48 months* 24 – 48 months*
Term for used vehicles 30 – 60 months* 30 – 60 months* n/a
Vehicle age Vehicles that are 7 years and younger at the start of the agreement can be financed using BMW Select. Vehicles may not be older than 10 years at the end of the agreement.* Vehicles that are 10 years and younger at the start of the agreement can be financed using BMW Hire Purchase. Vehicles may not be older than 12 years at the end of the agreement.* Vehicle cannot be a used car. BMW Contract Hire is only available for new cars.
Deposit/amount/initial rental Total deposit can be any amount between 0% and 40% of the on the road cash price. Where the agreement is 50 months of longer then a minimum deposit of 10% is sought.* Total deposit can be any amount between 0% and 80% of the on the road cash price.* The initial rental can be any amount between 0% and 50% of the on the road cash price.*
At the end of term of the agreement You can choose to either part-exchange, purchase or return the vehicle – your options are open until the end of the agreement. You will own the vehicle outright at the end of the term of agreement. You can either keep the vehicle or part-exchange it for a new BMW. Return the vehicle – hand your BMW back and choose another from within the range.
Min and max amount of credit £2,000 to £150,000 £2,000 to £150,000 n/a
Min and max mileage per annum 8,000 to 50,000 miles per annum n/a 8,000 to 50,000 miles per annum
Maximum total mileage 150,000 miles* n/a 150,000 miles*
Option to purchase fee? No No n/a

TERMS AND CONDITIONS.

* If you wish to discuss different arrangements, your BMW Retailer will be able to advise you of your options. 

BMW 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.