Discover Flexible Car Finance Options
PCP Car Finance
For those who want a flexible car finance option, they might want to consider Personal Contract Purchase (PCP).
With PCP finance, most of the car's value is wrapped up in an optional final payment, making monthly payments cheaper than the likes of Hire Purchase (HP).
At the end of a PCP deal, you can hand the car back, use any equity in the car to use towards a new one, or you can pay the final payment to take full ownership.
HP Car Finance
If you're wanting to finance a car with the view to take full ownership when the deal finishes, then Hire Purchase is probably for you.
An HP deal is straightforward - you pay your deposit before making monthly payments over a specific term, and once all the payments are made, the car is yours.
Getting HP car finance is typically chosen for cheaper cars to make the monthly payments more affordable, but can ultimately be used for any vehicle.