BMW Financial Services provides you with the greatest flexibility in financing your new BMW. BMW Hire Purchase (with Balloon) is similar to BMW Hire Purchase in many ways, except with your regular payments are reduced because a lump sum final payment - based on the estimated resale value. You also have an option to include BMW Motor Insurance Program cost in your financed amount. So you still own your BMW at the end of the agreement and have the security of fixed regular repayments.
How you benefit:
• Fixed regular repayments mean you always know what you will be paying so it is easy to budget.
• Regular payments are lower than BMW Hire Purchase because of the large final payment at the end of the agreement
• At the end of the agreement, you have two options to choose:
- Provide you've made all the necessary payments, you own your BMW.
- Refinance the balloon lump sum for a certain period.
A step by step guide to buying your next car with BMW Hire Purchase (with Balloon)
• Decide on the BMW you want.
• Choose the repayment period that is right for you.
• Agree a future resale value for the car, which then becomes the final payment.
• At the end of the agreement, provided you've paid all the necessary payments,the BMW is yours to keep.
For your nearest Authorized BMW Dealership, please use the Dealer Locator or call 1-800-269-269 (regular phone) 1-401-269-269 (mobile phone). You will see just how easy it is to choose a plan that fits your needs.
Balloon Payment Calculation