SPECIALIST CAR FINANCE
Personal Contract Plan: This takes advantage of the cars future value now resulting in a shorter finance term and a lower monthly payment in comparison to a Hire Purchase product. Using a deposit and then monthly payment terms of up to 48 months, at the agreement end you will have a Guaranteed Minimum Future Value or Optional Final Payment. This leaves you with the option to purchase the car, hand the car back to the finance company or Part Exchange the car taking advantage of any potential equity in the car. (subject to terms and conditions of the agreement).
Hire Purchase: A straight forward way of funding your car with a deposit, monthly payments and ultimately ownership of the car at the end of the agreement. As with a PCP it is a regulated agreement (for non Ltd companies) carrying the benefits the consumer credit act provides with this agreement.
Lease Purchase: Very similar to the Personal Contract Plan using a balloon payment to lower the monthly payment and shorten the agreement in comparison to a Hire Purchase agreement. The final payment in this case is not a guaranteed minimum future value so therefore there is not the option to hand the car back.
Finance subject to status, terms and conditions apply. Written details available on request.