Hire Purchase Explained...

Hire Purchase (HP) is similar to borrowing money from your bank with fixed monthly payments over a fixed term. BUT, unlike a loan from your bank, this loan is secured against the vehicle.

The benefits of this are potentially cheaper monthly payments and more flexibility. Also, in the case of an unexpected emergency, you haven't got all your credit tied up with your bank.

Low Payment Plan Explained...

Our Low Payment Plan (LPP) is a Personal Contract Purchase (PCP). PCP is similar to Hire Purchase (HP) with a fixed monthly payment over a fixed term BUT you can offset a proportion of the vehicle's cost to the end of your agreement. This enables you to afford a higher priced or better specification of vehicle with lower or similar monthly payments.

Subject to the term and the annual mileage, the amount you offset will be guaranteed as this will be the amount that the Finance company will agree to buy the vehicle back from you at the end of your agreement with them. Alternatively, this amount becomes your final payment if you decide you want to keep the vehicle or use it as a part exchange for another.

Our Low Payment Plans are a popular choice with many of our customers as it offers low monthly payments and a guaranteed future value to ensure your peace of mind and the ability to afford a better vehicle for your original budget.