Get more car for your money with auto financing

There’s a good reason why ALPHERA Select is our most popular finance product for new and used cars. Because it features a Guaranteed Future Value (GFV), you can defer a proportion of your car’s value until the end of the agreement as an optional final payment. 

That means your monthly payments could be less than you think – giving you the choice of adding more extras to your vehicle or upgrading to a higher specification model, without breaking your budget.

Alternatively, you might opt to simply pay less each month for the car you want (compared to a hire purchase agreement) and still have the flexibility to buy it outright at the end of the agreement, although the total amount you pay might be higher.

With ALPHERA Select, the choices are all yours.

You choose the vehicle you want (new or used) and we agree a finance plan that suits you, taking into account the contract length (usually between 24 and 60 months), your estimated annual mileage, and the deposit you’ll pay. Again, you’re in control – if you have a monthly payment or particular deposit in mind, we’ll work the repayment plan around your budget and lifestyle.

At the end of your agreement, you’ll have three options:

1. Pay the optional final payment and keep your vehicle.*
2. Part-exchange your vehicle for a new one.**
3. Return your vehicle 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.***

In both 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.

Terms and conditions
*The optional final payment is payable at the end of the agreement if you decide to purchase the vehicle. 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 you part exchange the vehicle for a new car, any surplus in the vehicle’s part exchange value over the optional final payment (and option to purchase fee) can be used as a deposit towards a new vehicle.
***If the vehicle’s value is less than the optional final payment, you can hand it back to us without paying the optional final payment. However 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 BVRLA vehicle condition guide).

Finance is subject to status and available to over 18s in the UK only. Guarantees and indemnities may be required. Advertised finance is provided by ALPHERA Financial Services, a trading name of BMW Financial Services (GB) Limited, Summit ONE, Summit Avenue, Farnborough, Hampshire GU14 0FB.