BMW Select (PCP)

  • BMW Select (PCP)
  • BMW Select (PCP) 2

BMW Select (PCP) offers our customers the opportunity to pay choose between three options at the end of their agreement. Customers can choose to pay a deposit (or not), we calculate a monthly payment (depending on the miles you drive each year) and provide all customers with an optional final payment.


Once you have chosen which BMW model is right for you, we ask you to decide how much you’d like to put down as a deposit. We then ask how long you want the agreement to last (minimum 24 and maximum 60 months) and what your average annual mileage is likely to be (the lowest being 8,000 miles per annum).

Through BMW Select we as the retailer take a portion of the cost of your BMW and freeze it until the end of your finance agreement. This becomes your optional final payment. In order for us to calculate the size of your optional final payment, our qualified Retail Managers use their expertise to estimate what your BMW will be worth when your finance agreement ends. We refer to this as your BMW’s Guaranteed Future Value (GFV).

At the end of your agreement, one of our dedicated Retail Managers will ask you to choose between three options:

  1. Pay the optional final payment and keep your BMW**
  2. Part-exchange your BMW for a new one***
  3. Return your BMW and, as long as you have not exceeded the mileage allowance and it has been well looked after, there will be nothing more to pay***

The first two options, if the value of your car is more than what we predicted for you in the Guaranteed Future Value (GFV), you will benefit. If the market value is lower than our GFV prediction, you can choose to return the car to us with nothing further to pay, other than any excess mileage or damage charges.***


This product is available to all our customers (subject to financial status). This product may benefit customers that take out a finance agreement and may not be sure what they’ll want to do at the end of the agreement. BMW Select is sensible option if you are looking for flexibility with low monthly payments.


*The optional final payment is payable at the end of the agreement if you decide to purchase the car. We remain the owner of the car during the agreement and we may become entitled to recover the car if you do not keep up your repayments. **If you part exchange the car for a new BMW, any surplus in the car’s part exchange value over the optional final payment (and option to purchase fee) can be used as a deposit towards a new BMW. ***Hand the car back to BMW without paying the optional final payment and option to purchase fee. 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). 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. ^Although the total amount payable for ownership may be higher. Finance is subject to status and available to over 18s in the UK only. Guarantees and indemnities may be required. Finance is provided by BMW Financial Services, Summit ONE, Summit Avenue, Farnborough, Hampshire GU14 0FB