Finance

Conditional Sale (CS)

Conditional Sale is a great option if your customer wants to own the vehicle at the end of the term. It’s also the most straightforward finance product with fixed monthly payments and flexible deposits to suit all budgets. 

A deposit of around 10% is usually required and the term can be 1 - 5 years. The finance is also secured against the vehicle.

Hire Purchase (HP)

A hire purchase agreement could be an option if your customer is looking for something simple and straightforward but wants to be able to hand the vehicle back at the end of the term.   

A deposit of around 10% is usually required and the term can be 1 - 5 years. The finance is also secured against the vehicle.  

With fixed monthly payments, at the end of the term there is no lump sum. Instead, your customer will have two options: pay an ‘option to purchase’ (OTP) fee and become the full legal owner of the vehicle, or hand the vehicle back to us and walk away.

 

Personal Contract Purchase (PCP)

PCP is great if your customer wants to change or upgrade their car or motorcycle at the end of the finance term.

Under a PCP agreement we guarantee the minimum the vehicle will be worth at the end of your agreement based on the agreed annual mileage and maintenance of the vehicle. This value is known as the ‘Guaranteed Minimum Future Value’ and by deferring this to the end of the term, your customer could benefit from lower fixed monthly payments compared to our HP and CS products. 

A deposit of around 10% is usually required and the term can be 1 - 4 years. The finance is also secured against the vehicle.  

At the end of the term your customer has three options:

Part-exchange it – use any value left in your vehicle to part-exchange it for a new one

Buy it – pay off the final payment (Guaranteed Minimum Future Value plus the Option to Purchase Fee (OTP) in one lump sum and become the legal owner

Hand it back – simply hand back the vehicle and the keys, pay any charges incurred, and walk away

Enquire Here for Finance Options