BMW Car Finance in Essex

What is car finance?

To purchase a car on finance means borrowing the equivalent of the car's value plus interest from a lender and then contracting to pay back that amount over a set number of years in monthly instalments.

These instalments will be smaller and more manageable than when the contract ends, and all the payments have been made. You'll either have the vehicle's ownership transferred or return it to the lender.

Are there different types of car finance?

Yes, the two popular car finance options are hire purchase (HP) and personal contract purchase (PCP).

The former has the more expensive payments comparatively, as you'll become the owner of the car once the contract ends, while the latter offers less expensive payments, as you can return the car once the contract ends.

Why should you purchase a used BMW on finance?

As a luxury German car brand, BMW is often quite expensive brand-new depreciates quickly after purchase.

Purchasing a used BMW means you'll be able to own one without the hefty price tag, and choosing to buy on finance means you'll be able to spread the cost of the length of the contract.

Why choose Essex Car Company to finance a used BMW in Rainham?

At Essex Car Company, we have an excellent range of used BMW cars for sale, including the 8 Series, 1 Series and X5.

We can provide drivers with HP and PCP finance quotes, so you can choose the finance option that best suits you. Depending on your credit score, we also may be able to secure you low-rate car finance to ensure that your monthly payments will be low. You can start your finance application online, and we'll be in touch as soon as it's been reviewed.

We are also conveniently located near the M25, so you won't have trouble locating us if you decide to visit our dealership!