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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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Conditional Sale (CS)

With conditional sale, you put down a deposit and borrow the remaining cost of the vehicle, paying it back monthly over the term of the agreement. Choose this option if you want to own the vehicle at the end of the agreement. 

The amount you borrow is secured against the vehicle. Repayments are fixed throughout the agreement and spread equally throughout the term, which can be up to five years (60 months). There is no lump sum to repay at the end of the agreement, unless an optional balloon repayment is set. There are some restrictions on which vehicles can have a balloon repayment; where this is allowed, it is payable at the end of the agreed term.

Under the terms of a conditional sale agreement, you have an obligation to pay the title transfer fee and then you become the legal owner of the vehicle. 

Available for:

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Hire Purchase (HP)

With hire purchase, you pay a deposit and then the remaining amount borrowed is spread across monthly repayments. Choose hire purchase if you plan to repay the full cost of the vehicle but also want an option to hand it back after your final repayment. 

The amount you borrow is secured against the vehicle. Repayments are fixed throughout the agreement and spread equally throughout the term, which can be up to five years (60 months).  

An optional balloon repayment can be set on a hire purchase agreement. This option has some vehicle restrictions and the balloon repayment is payable at the end of the agreed term. When the final payment is made, you can also choose to pay the ‘option to purchase’ (OTP) fee to become the legal owner of the vehicle.

At the end of the agreement there is no lump sum. Instead, you’ll have two options: 

  • Pay an OTP fee and become the full legal owner of the vehicle
  • Hand the vehicle back to us and walk away. We will remain the legal owner of the vehicle

Available for:

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Personal Contract Purchase (PCP)

Like conditional sale and hire purchase, with personal contract purchase (PCP), you pay a deposit and then the remaining amount borrowed is split into monthly instalments. PCP is great if you want to change or upgrade your car or motorcycle* at the end of the agreement.

With PCP, 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 (any excess mileage and/or damage may incur additional charges). This value is known as the ‘Guaranteed Minimum Future Value’ and by deferring this amount to the end of the term, you could benefit from lower fixed monthly payments compared to our HP and CS products. 

The finance is secured against the vehicle. Repayments are fixed throughout the agreement and spread equally throughout the term, which can be up to four years (48 months).

At the end of the agreement, you’ll 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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*Terms may vary