Payment Options
We can offer you different finance options which allow you to spread the cost of your new car over an agreed period. They're based on a low deposit and fixed monthly payments, so you know exactly where you stand financially.
Options include:
Personal Contract Purchase
A PCP allows you to pay as you go. As a Guaranteed Minimum Future Value (GMFV) will be built in, you don't need to pay the full value of the car, which means lower monthly payments.
The contract term is based on a low deposit, fixed payments and usually set between 18-42 months. At the end of the contract you have three options:
- pay the GMFV and keep the car;
- hand back the car and, if preferred, start a new PCP for a brand new car;
- take out a new PCP on a new car.
Benefits include:
- Low deposit;
- Pay as you go;
- Fixed monthly payments;
- Maintenance can be included;
- No MOT;
- No worries to sell on;
- Change your car more often.
Personal Contract Hire
A PCH allows you to go as you pay. In contrast to a PCP, there's no pre-set residual value built in, so at the end of the contract you return the vehicle at the agreed contract mileage with no final payment to be made. PCH always offer competitive pricing to ensure you the best deal
Benefits include:
- Low deposit;
- Fixed monthly cost;
- No disposal risk;
- Complete peace of mind: Servicing, Accident Management, Replacement Vehicle.
Hire Purchase
Using HP means you are working towards owning your vehicle over a fixed period of time. The monthly payments are determined by the amount of deposit paid, the period of the contract and the sale price of the vehicle.
Benefits include:
- Low deposit;
- Fixed monthly cost;
- Available for new and used vehicles;
- Last payments comes with ownership;
- Ideal if you plan to keep your car 5+ years.