BMW' s have always had a certain reputation for being quality, reliable bikes but well, perhaps a little expensive? It's true they do cost a little more than some of their competitors but with strong residual values the total cost of ownership is actually very attractive.
One of the biggest benefits of this strong resale value is the effect it has on finance schemes such as BMW Select. Known as Personal Contract Purchase or PCP's, this type of finance is based on the value of the bike in two or three years time, and therefore favours vehicles with low depreciation. |
So, how does it work?
Its very simple. It is a form of hire purchase where you defer some of the loan repayment to the very end of the agreement. This keeps the monthly repayments low allowing you to perhaps buy a new machine for the same monthly outgoing as a used bike.
You pay the payments monthly in the normal way for two or three years. At this point you still have an outstanding balance owning. You have three options:
1. You can hand the bike back to BMW Finance with no further to pay
2. You can pay the outstanding amount and own the bike outright
3. You can part exchange the bike, and the outstanding balance will simply be added to your new agreement
Call our sales team now on 01865 319000 to find out just how affordable a new BMW can be! |
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