Product Overview

Hire Purchase is the easy, well established method of purchasing a car.

After paying the initial deposit, the balance is repaid by fixed, equal monthly payments.
The agreement can be from 1 to 5 years on length and when all the payments have been made, you become the owner of that vehicle.
Our hire purchase plan is an extremely cost effective method of borrowing.
At any point during the agreement you can change your car. A settlement figure is agreed, saving some of the interest charges.

Personal Contract Purchase is a plan designed to give you greater flexibility to the way you finance car.

You will benefit from affordable monthly payments which are often lower than those you would expect from a traditional finance plan.
At the beginning of the contract a 'balloon payment' or Guaranteed Future Value (GFV) is agreed, which is paid at the end of the contract. This amount and the deposit you choose to pay are set against the invoice price and the monthly repayments are based on the balance (plus interest).

Contract Hire is a vehicle finance method designed for maximum benefit for VAT registered customers.

Up to 100% of VAT can be reclaimed provided there is no element of personal use involved though 50% can still be reclaimed if personal use is required.
The vehicle is hired for an agreed period of time, usually between 12 and 60 months and a fixed rental is paid based on the mileage.
Contract Hire can include full maintenance to cover routine servicing, tyres etc. or can be for the hire on its own.
At the end of the contract the vehicle is simply returned to the finance company with no vehicle disposal or depreciation risks or hassle.

View our current contract offers.

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