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Finance solutions

We provide finance for both new and used cars, light commercial vehicles (LCVs), motorcycles, as well as leisure vehicles like caravans and motorhomes.

Compare our products

We have a range of finance options available to you, depending on your budget and what you want out of your vehicle. Our handy comparison table below should help you understand the differences.

Conditional Sale (CS) Hire Purchase (HP) Personal Contract Purchase (PCP)
Requires initial deposit Yes A deposit of up to 10% is usually required. Yes A deposit of up to 10% is usually required. Yes A deposit of up to 10% is usually required.
Fixed monthly payments Yes The amount of credit required plus the interest charged is spread equally across the agreement term. Yes The amount of credit required plus the interest charged is spread equally across the agreement term. Yes The amount of credit required plus the interest charged is spread equally across the agreement term.
Finance is secured against the vehicle Yes Unlike a personal loan which may be secured against your house or other assets, with motor finance, the loan is only secured against your vehicle. Yes Unlike a personal loan which may be secured against your house or other assets, with motor finance, the loan is only secured against your vehicle. Yes Unlike a personal loan which may be secured against your house or other assets, with motor finance, the loan is only secured against your vehicle.
Flexible ownership at the end of the agreement No You will own the vehicle after you have paid the final repayment. Yes You will have two options: pay an 'option to purchase' OTP fee and become the full legal owner, or hand the vehicle back to us. Yes You will have 3 options: part-exchange it, pay the final balloon repayment plus fees, or hand it back to us - see below for more details.
Early repayment options Yes If you're ready for a change or you want to own the vehicle earlier, you can settle your agreement at any time before the end of the agreement. Yes If you're ready for a change or you want to own the vehicle earlier, you can settle your agreement at any time before the end of the agreement. Yes If you're ready for a change or you want to own the vehicle earlier, you can settle your agreement at any time before the end of the agreement.
Excess mileage charges No No Yes The additional cost per mile you will pay if you exceed the annual mileage or total mileage agreed at the outset of the agreement. This information will be shown in the agreement.
Vehicle condition charges (Wear and Tear) No No Yes If you choose to hand back the vehicle, we will inspect the vehicle to ensure it meets out fair wear and tear standards. For more information, click here.
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Personal Contract Purchase (PCP)

PCP is great if you want to change or upgrade your car or motorcycle at the end of the finance term.

Under a PCP agreement we guarantee the minimum the vehicle will be worth at the end of your agreement based on the agreed annual mileage and maintenance of the vehicle. This value is known as the ‘Guaranteed Minimum Future Value’ and by deferring this to the end of the term, your customer could benefit from lower fixed monthly payments compared to our HP and CS products. 

A deposit of around 10% is usually required and the term can be 1 - 4 years. The finance is also secured against the vehicle.  

At the end of the term you have three options:

  • Part-exchange it – use any value left in your vehicle to part-exchange it for a new one.
  • Buy it – pay off the final payment (Guaranteed Minimum Future Value plus the Option to Purchase Fee (OTP) in one lump sum and become the legal owner.
  • Hand it back – simply hand back the vehicle and the keys, pay any charges incurred, and walk away.

Available for:

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Conditional Sale (CS)

Choose this option if you want to own the vehicle at the end of the term. It’s also the most straightforward finance product with fixed monthly payments and flexible deposits to suit most budgets.

A deposit of around 10% is usually required and the term can be 1 - 5 years. The finance is also secured against the vehicle.

Available for:

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Hire Purchase (HP)

Choose this option if you’re looking for something simple and straightforward, but want to be able to hand the vehicle back at the end of the term.

A deposit of around 10% is usually required and the term can be 1 - 5 years. The finance is also secured against the vehicle.  

With fixed monthly payments, at the end of the term there is no lump sum. Instead, you’ll have two options: pay an ‘option to purchase’ (OTP) fee and become the full legal owner of the vehicle, or hand the vehicle back to us and walk away.

Available for:

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RTI GAP insurance

Return to Invoice GAP insurance

If your vehicle is written off and you make a claim, your insurer is there to pay the market value. But as a vehicle’s value decreases over time, the pay-out could be less than the purchase price you paid originally. And if the vehicle was irreplaceable, you could be left with further outstanding costs.

Return to Invoice GAP insurance helps protect you against moments such as these. It has been designed to cover the difference between the amount your insurer pays out and the purchase price you paid for the vehicle.

With Return to Invoice GAP insurance benefits:

  • The outstanding finance balance will be repaid first and should there be any remaining funds up to the invoice price, these will then be paid directly to you
  • The policy will also pay up to £250 towards your own motor insurance excess
  • You’re covered for up to 36 months

For more information about our RTI GAP insurance cover download the Key Facts policy document and our Terms of business.

A-plan

LCV Insurance - Introducing A-Plan

Established in 1963, A-Plan is a leading UK independent high-street insurance broker providing a range of insurance products to consumers and small businesses through its network of more than 80 branches across the UK. We work with A-Plan as specialists in LCV finance and as a result, LCV customers that have been approved for finance will receive a call from A-Plan to discuss insurance needs. Customers are not obliged in any way but if interested in insuring their new vehicle, they can arrange immediate cover over the phone with A-Plan.

A-Plan Insurance is a trading style of A-Plan Holdings is authorised and regulated by the Financial Conduct Authority (FCA). It is also a member of the British Insurance Brokers’ Association (BIBA).

To find out more about A-Plan, visit www.aplan.co.uk