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Finance Explained

Once you have picked your car we are on hand to find the best possible finance package to suit your needs from our partner finance companies.

Options include Personal Contract Purchase (PCP) and Hire Purchase.

Personal Contract Purchase (PCP)

Known as the Optional Final Payment and calculated prior to you signing the agreement, you will be given a guaranteed value for your car at the end of the term. The monthly payments that you will pay are calculated based on the price of your new car, minus your deposit and the Optional Final Payment, plus any interest and fees. Should you have a car to part exchange, we can give you a valuation, the value of which can then be put towards your deposit.

At the end of your agreement, you can then choose from one of the following options:

  • Change your car for a new one and if your car is worth more than the Optional Final Payment you can use the difference as a deposit on the new car.
  • Pay the Optional Final Payment and keep the the car.
  • Give the car back with nothing more to pay, subject to the agreed mileage (excess mileage charges may apply) and vehicle condition.

Hire Purchase

You will usually pay an initial deposit against the cost of the vehicle, with the remaining balance then paid for in monthly instalments. When all of the payments have been made, the agreement ends and you own the car. Monthly payments will typically be higher than those for a PCP agreement as you are paying off the full value of the car during the term.

Contract Hire

Designed for business users, Contract Hire is a straightforward finance package, with fixed monthly rentals and no disposal risk, with full maintenance packages also available.

Benefits include reclaimable VAT, low initial payments, no risk of depreciation and at the end of the agreement the vehicle is disposed of on your behalf with nothing to pay (subject to mileage and condition).

All of our Sales Executives are fully accredited and are best-placed to find a finance plan tailored to your budget and lifestyle.

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