Finance Explained

Vehicle Finance can be confusing. Here is our brief guide to what we can offer to make your new Used Car Centre or used model more affordable than you may expect. You could possibly consider an higher specification? Please contact us for any further information.

Adjust Finance

How can I finance my vehicle purchase?

Watch these short videos for information on the different types of finance available.

Hire Purchase Finance

Click the video link above to find out more about Hire Purchase (HP) finance.

PCP Finance

Click the video link below to find out more about Personal Contract Purchase (PCP).

Lease Purchase

Lease Purchase (LP) is the same as PCP but the final payment is not guaranteed. The benefit is cheaper payments than HP & PCP as there is no risk to the finance company as the final payment is settled by the customer.

Financial Services

We offer a selection of competitive finance products to make funding your new car easy and affordable. Listed below are some brief descriptions of funding methods and finance products available. Contact us for any further details you may require. Every customer has a different requirement, so please ask us for a written quotation.

HIRE PURCHASE
(HP)

Choose the level of deposit you want to pay and an agreement term. Your deposit is deducted from the price of your vehicle, then you make regular payments based on the remaining balance plus the agreement interest. Ownership is transferred once the final payment is made.

PERSONAL CONTRACT PLAN
(PCP)

Choose the term and mileage and Finance will determine the predicted value of your car at the end of your agreement. This value is deferred to the end of the agreement and is guaranteed to be at least equal to the optional final payment. The final payment and any deposit are deducted from the price of the vehicle and you make regular payments based on the remaining balance plus the agreement interest.

CONTRACT HIRE
(Business Only)

Choose your initial rental in advance (subject to underwriting), annual mileage and we calculate your regular rentals. You can also choose the reassurance of various optional service, maintenance and repair packages. As we buy the vehicle you choose and claim back the VAT your rentals are calculated exclusive of VAT. Because you return the car at the end of the contract you have no worries about disposing of your vehicle.

LEASE PURCHASE
(Business Only)

Choose the level of deposit you want to pay and an agreement term similar to hire purchase, then we will calculate a larger mandatory ‘balloon’ payment deferred to the end of the agreement. The ‘balloon’ payment and any deposit are deducted from the price of your vehicle this allows you to enjoy lower monthly payments during the agreement term. You make regular payments based on the remaining balance plus the agreement interest. Ownership is transferred once the final ‘balloon’ payment is made.

Got a question? Get in touch

Our helpful customer advisors are available to answer questions and give you the advice and information you need.

Got a question? Get in touch

Our helpful customer advisors are available to answer questions and give you the advice and information you need.

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