Private Individual Finance Options



Personal Contract Purchase

This is the most popular way to pay for a car and is ideal for customers who wish to change their car at intervals between 24 and 48 months, taking away the worry of depreciation.


How does it work?

  • Choose the car (new or used) you like
  • Choose the most suitable repayment period
  • Agree on your annual mileage
  • You are given a Guaranteed Minimum Future Value which becomes your optional final payment
  • You decide on the deposit and payments suitable for your budget
  • At the end there are three choices for you; part exchange your vehicle for another car, keep the car and pay the final payment or hand it back and have nothing further to pay.

What are the benefits?

  • Fixed monthly payments mean you always know what you will be paying, so there are no nasty surprises
  • A Guaranteed Minimum Future Value, so you know from day one the minimum you will receive as a part exchange in the future
  • Lower monthly payments than traditional forms of funding because the final payment at the end reduces your monthly commitment
  • Changing your car regularly saves money on repairs and maintenance


Hire Purchase

The most straight forward method of purchase. Ideal for a customer who desires outright ownership of their car and probably changes their car at intervals of greater than 48 months.


How does it work?

  • Choose the car (new or used) you like
  • Choose the most suitable repayment period between 12 and 60 months
  • You agree on a deposit and monthly repayment to suit your budget
  • At the end of the agreement, as long as all the payments have been made, the car is yours

What are the benefits?

  • At the end of the agreement you own your car with nothing further to pay
  • Fixed monthly payments help with your budgeting


Personal Contract Hire

This option allows you to run a car without the worry of ownership or depreciation and giving you the option of having a maintenance package, so you have no unexpected bills.

How does it work?

  • Choose the new car you like
  • Choose the most suitable hire period, usually between 24 and 48 months
  • Agree on your annual mileage
  • Agree the rentals most suitable for your budget
  • At the end of the agreement, simply hand your car back

What are the benefits?

  • Fixed monthly payments with an option of having your servicing and maintenance costs fixed for the term
  • No concerns over depreciation of the future value of your car
  • No hassle trying to sell your car at the end of the contract