When planning a car purchase, the options can seem a little daunting, so we’ve put together some helpful videos and guides to make things more straightforward. Simply click the links to see the features of each product explained, as well as some issues to be aware of before entering into an agreement.
Common financing options are:
Hire Purchase or Conditional Sale
Hire Purchase is exactly what it sounds like – a hire agreement which gives you an option to own the car at the end of the agreement. Read more…
Personal Contract Purchase (PCP)
Personal Contract Purchase, or PCP, is a variation of a Hire Purchase agreement. The key difference is that the value of the car at the end of the contract is calculated at the start of the agreement and this value is deferred. Read more…
Business Contract Purchase (BCP)
Business Contract Purchase, or BCP, is the PCP equivalent for businesses. Like PCP the value of the car at the end of the contract is calculated at the start of the agreement and this value is deferred. Read more…
Contract Hire
Contract Hire is a form of flexible leasing suitable for both consumers and businesses to fund the use of a vehicle. Read more…
Lease Purchase
Lease purchase is a form of hire purchase agreement with a sum deferred to the end of the deal. Read more…
Finance Lease
Finance Lease is a flexible leasing product usually only available to businesses. It gives businesses the option to sell the vehicle at the end of the agreement and keep a large percentage of the proceeds, or arrange an extension to the lease. Read more…
Mortgage Top-Ups
You organise with your mortgage provider to borrow money, either by withdrawing equity from your home or by getting a second-charge mortgage. Read more…
Credit Cards
Once you have found the car you would like to buy, you pay the full amount to your dealership using your credit card. Read more…
Still unclear? Why not visit our ‘Your finance options’ tool?
