Whether you wish to upgrade an existing vehicle, or acquire an additional vehicle, BMW Hire Purchase offers many advantages to business. Where the vehicle is used for income producing purposes, interest charges and depreciation on the vehicle may be tax deductible.
BMW Hire Purchase enables you to place a deposit into the contract, either as cash or by using equity in your current vehicle as a trade-in.
You may also nominate the balloon (final payment) on your contract, providing you with even more flexibility to tailor the repayment to suit your budget.
Funding a vehicle with BMW Hire Purchase enables you to free up capital and use it for other purposes.
In most cases under BMW Hire Purchase no additional security will be required, however, where the borrower is a company, we may require a guarantee from the directors of the company or some other appropriate person.
Advanced in-house computer systems mean all paper work can be done on the spot, providing further convenience and saving you time