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Jaguar Contract Purchase
Drive the Jaguar of your choice without the cost of ownership – it’s simple and hassle-free
At Sytner Group we can introduce you to a limited number of carefully selected lenders and finance products to assist you with your vehicle purchase (available for both for our private individual and business user customers). Information on the funding products can be given to help you make an informed decision as to which product is most suitable for you.
Contract Purchase
Slide into the driver’s seat, start the engine and enjoy the pleasure of outstanding performance. Jaguar Personal Contract Purchase is a Personal Contract Purchase (PCP) agreement with fixed monthly repayments and a choice of options at the end of the agreement.
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?
Having a final payment reduces initial outlay and keeps the monthly payments lower, helping the cash flow of your business
Fixed monthly payments make budgeting easier
The interest you pay is tax deductible
Because the car is an asset on your balance sheet, you can write down a proportion of its value against your business profits
Flexibility at the end of the agreement to have an option that suits you
What else do I need to know?
Flexibility: Set payment periods from 1-4 years then take the best option for you when you reach the end of the term.
- Ideal if:
You like to drive the newest model
You like to keep your options open
You like to budget
Introducing a Guaranteed Minimum Future Value (GMFV) enables you to reduce your monthly payment.
Newer model means lower maintenance costs.
A proportion of the credit is deferred to the end of the agreement and you should prepare for this if you want title of the vehicle to be transferred into your name.
You must have fully comprehensive insurance.
Protection against depreciation as a result of an unexpected fall in the value of the vehicle when you exercise the ‘Goods Return Option’ (when you hand the vehicle back).
Your vehicle is at risk of repossession if you do not maintain contractual repayments.
You do not own the vehicle until you have made all the payments including interest, after which title of the vehicle will be transferred into your name.
Hire Purchase
The most straightforward 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.
Contract Hire
The finance company reclaims the VAT on the car you drive and this saving is passed on to you with reduced rentals. There are also other tax efficiencies available.