To be eligible for BMW car finance you’ll need to meet the pre-application criteria which includes being between the age of 21 to 70, earning more than £1,000 monthly (after tax) and being able to prove your identity and address. You must also have a bank account that accepts direct debits. When choosing your BMW vehicle, you’ll need to ensure you’re buying the car from a reputable dealer, and a mileage of less than 120,000 and that the car is less than 15 years old at the end of your agreement.

If you meet this, we’ll then conduct an initial soft credit search which won’t affect your credit score. This is simply to determine if you are eligible for car finance.

If you qualify for car finance, we’ll offer a conditional sale agreement. This means you’ll have full use of the car, but that Moneybarn are the legal owners. Once the repayment period is over, you’ll become the legal owner of the car.