If you already have a Hire Purchase agreement with us and would like to apply for a new loan please apply here:
We offer Hire Purchase on new and used cars and new light commercial vehicles and PCP on new and nearly new cars.
Hire Purchase Terms for cars and LCVs
|YEAR OF CAR
What is PCP?
A typical PCP means:
- 20% deposit
- Pay a pre-agreed monthly repayment for three years
- Agreed minimum future value at the end of the term
After three years you have three options:
- Use the equity (agreed minimum amount) towards a brand new car on another PCP
- Buy it for the minimum amount agreed at the outset
- Hand back the car and walk away