Buy Now, Pay Later!
Flexible Finance Options
We have a range of finance options available to you, depending on your budget and what you want out of your vehicle. Our handy comparison below should help you understand the differences.
Personal Contract Purchase (PCP)
PCP is great if you want to change or upgrade your car at the end of the finance term.
Under a PCP agreement, we guarantee the minimum the vehicle will be worth at the end of your agreement based on the agreed annual mileage and maintenance of the vehicle. This value is known as the ‘Guaranteed Minimum Future Value’ and by deferring this to the end of the term, our customer could benefit from lower fixed monthly payments compared to our HP and CS products. A deposit of around 10% is usually required and the term can be 1 – 4 years. The finance is also secured against the vehicle.
At the end of the term, you have three options:
1. Part-exchange it – use any value left in your vehicle to part-exchange it for a new one.
2. Buy it – pay off the final payment (Guaranteed Minimum Future Value plus the Option to Purchase Fee (OTP) in one lump sum and become the legal owner.
3. Hand it back – simply hand back the vehicle and the keys, pay any charges incurred, and walk away.
Conditional Sale (CS)
Choose this option if you want to own the vehicle at the end of the term. It’s also the most straightforward finance product with fixed monthly payments and flexible deposits to suit most budgets. A deposit of around 10% is usually required and the term can be 1 – 5 years. The finance is also secured against the vehicle.
Hire Purchase (HP)
Choose this option if you’re looking for something simple and straightforward but want to hand the vehicle back at the end of the term. and the term can be 1 – 5 years. against the vehicle. With fixed monthly payments, at the end of the term, there is no lump sum. Instead, you’ll have two options: pay an ‘option to purchase’ (OTP) fee and become the full legal owner of the vehicle or hand the vehicle back to us and walk away.