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Your finance options

There are a number of different finance options available to help you fund your car. Here is our quick overview of the options available which may help you decide on the one that is right for you.

pcp explained

A Personal Contract Purchase (PCP) secures a loan against the car. The key difference between HP and PCP is that here the value of the car at the end of your finance agreement is calculated at the start, and deducted from your monthly repayments.

This means that generally, PCP monthly repayments are lower than Hire Purchase. A PCP agreement gives you the flexibility to decide whether you want to own the car outright at the end of your agreement. You can either pay the deferred value in order to take ownership of the car, (this is sometimes referred to as a ‘balloon payment’) or return the car to the lender.

Charges, mileage and other terms and conditions apply.

hire purchase explained

Hire Purchase (HP) secures your finance agreement against the car. It’s a way of spreading out the cost of the car in a series of monthly payments. Once you’ve completed all your payments, you’ll own the car outright.

Your monthly payments will include the cost of the car, plus the interest, and an administration fee - you also have the option of paying for this upfront.

A decision in principle

If you’re unsure of your eligibility for finance, you can get a decision in principle. This is a quick check to give you an indication of whether you’d be able to take out a finance agreement. A decision in principle won’t affect your credit score.

Get a decision in principle

is there anything else?

You may find that you are not able to fund your car through the website, but that doesn’t mean finance isn’t available to you. It just means that the current lending criteria at, doesn’t match your current circumstances. In this instance, have a chat with your car dealer who will be happy to talk through other options available to you.