That’s why we offer flexible finance options to help you drive away in your ideal used car with a plan that works for you. Whether you’re buying your first car or upgrading to something bigger, we’re here to support you every step of the way.
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Fixed monthly repayments over an agreed period
As the title suggests, you hire the car from the finance company, taking responsibility for it and make monthly payments until you have paid the total amount owed.
You are the registered keeper of the vehicle throughout the payment plan and then at the end of the repayment period, you have the option to take ownership of the car.
As you will have paid off the cost of the car by this point, all you pay is a small admin fee. This could be anything from £1 - £299+.
You want fixed monthly repayments. You might like to own the vehicle long term.
No need to worry about depreciation.
Lower monthly instalments for a better car.
You are only paying for part of the total amount due and have the choice to return the car at the end of your repayment period.
You still pay monthly instalments to the finance company as with other forms of credit, but at the end of the repayment period, you can pay a lump sum, (commonly known as a balloon payment) which will be higher than the monthly repayments you have been making.
PCP enables you to pay less each month for a car of the same value than you would with a traditional HP plan.
You like to change your car frequently. Are not bothered about owning a car outright.
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