Private Individual Finance Options

Personal Contract Hire

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?

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• 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?

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• At the end of the agreement you own your car with nothing further to pay

• Fixed monthly payments help with your budgeting