H.P. or P.C.P.

Hire Purchase (H.P)

This is a simple, traditional way of buying the car you want.

It involves a deposit starting from as low as £99 and fixed monthly payments over a period anywhere between 12 - 60 months.

Once all payments have been made the vehicle belongs to you.

To find out more about finance, call in and we'll answer any questions you may have.

Personal Contract Purchase (PCP) 

This type of agreement is ideal for those that like to change their car every 2-3 years.

It keeps the monthly payment to a minimum whilst giving greater flexibility with more options at the end of the payment term.

A PCP will guarantee the minimum future value of your car, based on the annual mileage you choose.

This is a safety net that then allows you to budget for a regular change of car, regardless of how car values fluctuate.

At the end of the payment term you make the decision to either pay the final payment and keep the car, trade it in and upgrade for a new one or simply give it back to the finance company.

Whatever happens you are guaranteed not to have any negative equity.

Negative equity is when the amount you still owe the finance company is greater than the value of the vehicle. This is often found on 60 month term hire purchase and bank loan agreements.