This section will contain a step by step process
On all the different ways customers can apply for finance
A quick benefit about that process
And how they can apply easily
Including buying a reserving online
But there is always a specialist on hand if they ever need any help

How Does HP Work?

Hire Purchase (HP) finance plans are preferred by many motorists for their simplicity. Agreements can be arranged quickly after a deposit has been paid, so you could be behind the wheel of your chosen model much sooner than you think. HP could be the right option if you want straightforward terms and the option to decide whether to keep your car or trade it in at the end of the contract. Here's how it typically works:

  • Choose your car.
  • Agree the amount to be borrowed based on the price of the car less a deposit.
  • Decide upon the length of the agreement.
  • Once all the repayments have been made you have three options:
    • Pay the final amount and become the car’s owner
    • Hand back the vehicle
    • Renew your lease and pick a new model.

How Does PCH Work?

Personal Contract Hire (PCH) is a form of long-term lease. You enter into this agreement with the intention of handing back your car and picking a new model at the end of the contract. You should consider PCH if you want to upgrade to a new model frequently and also want to avoid the commitment of owning a car outright. Here's how it typically works:

  • Pick your preferred model.
  • Decide the initial payment, length of the agreement and mileage limit.
  • Pay a fixed monthly fee for the length of the plan.
  • When the contract comes to an end you can either back the keys and walk away or choose a new model and sign up for a new PCH lease.

How Does PCP Work?

Personal Contract Purchase (PCP) is a finance scheme that allows your monthly payments to be reduced, because an agreed fee is deferred until the end of the contract. Essentially, you only repay part of the value of the car over the term of the agreement. Each contract typically lasts between 24 and 48 months. You'll pay an initial deposit, followed by monthly payments at have three choices at the end of the agreement:

  1. Pay the guaranteed future value (aka 'balloon payment') to own the car outright.
  2. Exchange your car for a new model, and a new PCP agreement.
  3. Hand the car back and walk away.