How Our Finance works…

Just choose what deposit you want to put down, what term of loan you require (these can be defined separately for Hire Purchase and PCP) and your anticipated annual mileage. Once you have set your preferences every payment you see on this site will be based on these parameters.

If you want to amend your finance choices just change the details on this page or in the payment tab on the left of the page.

Finance Options

PCP (Personal Contract Purchase)

The most popular method of New Car finance… PCP is HP (Hire Purchase) with a larger final payment that reflects a percentage of the anticipated value of the vehicle at the end of the agreement.

At the end of the agreement you may pay the final payment, or return the vehicle to the finance company*. In reality the majority of customer part exchange the vehicle when making their next purchase and use the part exchange value of the vehicle to settle the final payment.

Benefits

• Monthly payments are significantly lower than on a comparable HP quotation.
• Final payment is guaranteed by the finance company

* (subject to mileage limitations based on your stated annual mileage and returning the vehicle in a reasonable condition for it’s age and mileage)

HP (Hire Purchase)

HP is the traditional method for vehicle purchase. Nowadays with the rise in popularity of PCP, HP tends to suit the buyer who intends keeping the vehicle for longer than the term of the loan.

Your deposit is deducted from the total cash price of the vehicle to give a balance that requires financing. Interest is then added and the total of the balance and interest is then repaid in equal instalments throughout the life of the loan.

Other finance methods

Lease Purchase – Similar to PCP without the guarantee on the future value. Please call to discuss..

Contract Hire – Business focused finance for the VAT registered customers who want the vehicle “off” balance sheet with a wide range of managed options including maintenance. Please call to discuss..

Finance Lease – Business focused finance for the VAT registered customers who want the vehicle “on” balance sheet. Please call to discuss.