Car finance can be confusing, but it doesn’t have to be. At Holdcroft, we want to put customers at ease in their purchasing journey, while providing honest recommendations. Below, you can find a handy guide on the different types of finance we offer, and how each one works, so you can make the right choice for you.
PCP works by deferring a portion of the car’s value to the end of the agreement – this is often called a guaranteed future value or GFV. You only make payments on the amount remaining after taking the deposit and GFV into account, so your monthly payments will be lower compared to other methods of finance.
At the end of the agreement, you have three options:
Advantages of Personal Contract Purchase
To find out more on any of these car financing options or any other ways to buy a car, please do not hesitate to contact us today.
Hire Purchase is a hassle-free way of owning your next vehicle, giving you fixed monthly repayments so you can better manage your budget.
You simply put down a deposit and select an agreement period – between one and five years – then we work out your fixed monthly repayments, adjusting the agreement period term, as necessary, until we get to a monthly repayment that suits you.
When you make your final payment, which may include an option to purchase fee, the car’s all yours.
Advantages of Hire Purchase;
To find out more on any of these car financing options or any other ways to buy a car, please do not hesitate to contact us today.
Personal Contract Hire provides hassle free motoring for people who wish to remove risks and financial burdens usually associated with owning a vehicle, and simply want to hand the car back at the end of the agreement, and choose a new one.
The Personal Contract Hire process is straightforward. You pick a hire period - usually between 24 and 48 months - tell us your expected annual mileage and then put down a deposit. You then make fixed monthly payments for the duration of the agreement.
A few months before the agreement ends, we’ll contact you to discuss replacing your car and, when the agreement ends, you simply hand the car back to us.
Advantages of Personal Contract Hire;
To find out more on any of these car financing options or any other ways to buy a car, please do not hesitate to contact us today.
Finding the right finance type for the car you want is important, and we can help you get it right.
Our dealerships offer various finance types, including hire purchase (HP), personal contract purchase (PCP) and lease purchase (LP). If you’re interested in financing your next car, we can help talk you through all the options, help find monthly payments that suit your budget and take care of all the paperwork.
