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

MINI DIVIDE.

(Deposit + Monthly Payments + Optional Final Payment).

Available on MINI Countryman, Clubman and Convertible models, this 24 month finance product lets you pay a significant initial deposit then £1 for the following 23 months at 0% APR. At the end of your agreement it gives you a number of choices, allowing you to keep your options open.

Your deposit will be made up of the vehicle’s cash price minus the amount of estimated future residual value of the vehicle and the monthly payments. After your deposit is paid you’ll pay £1 for 23 consecutive months at 0% APR.

We use our experience to estimate what your MINI will be worth when your finance agreement ends - this is your MINI's Guaranteed Future Value and becomes your optional final payment amount.

When the 24 months are over, you have three choices; pay the optional final payment and keep your MINI, part exchange your current MINI for a new one, or return your MINI to us.