finance options

Lease Purchase
Lease Purchase is sometimes referred to as ‘Hire Purchase with a Balloon’, where there are manageable monthly payments and a ‘balloon’ final payment to own the car. No mileage restrictions so suitable for high mileage users.

PCP
PCP is a more affordable way to purchase a new or nearly new car today. It allows you to purchase a car of your choice at a very attractive fixed monthly finance payment, with the benefit of a low initial deposit outlay and a guaranteed minimum future value (GMFV) at the end of the agreement. PCP is particularly useful if you are a company car driver opting out of the company car scheme (‘Cash for Car’), because you can use your company car allowance or mileage reclaims to fund your monthly PCP payments and avoid paying excessive company car taxes.

HP
To buy a new or used car using Hire Purchase finance is very similar to a bank loan, where you choose how much deposit to put forward or use your part exchange, then make monthly repayments over a 2, 3, 4 or 5 year agreement. At the end of the finance agreement and following full payment, you own the car outright.