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Personal Contract Purchase (PCP) offers fixed monthly repayments and the ability to change your car every few years.
You pay an initial deposit, followed by monthly repayments, (how many depends upon the term), and at the end of the agreement you have three options:
The benefits of PCP finance:
The disadvantages of PCP finance:
Yes. Hire Purchase (HP) and Personal Contract Purchase (PCP) is available. If you are unsure which is right for you see our explanation below.
Our team will discuss the finance options with you that suit your circumstances. They would normally require the following information from you:
Hire Purchase, (HP), is a form of finance available if you wish to own the vehicle outright at the end of the agreement term.
After paying an initial deposit, the remaining value of the car is paid back in monthly instalments spread across an agreed term.
The benefits of HP finance:
The disadvantages of HP finance:
No problem! You can provide us with your latest settlement letter, and we will settle up the finance and pay you the difference or use this towards the deposit of your new car.
You can find a full list of eligible personnel on this website - Are You Eligible?
What other family members qualify to make use the Blue Light Card or Defence Discount Service card benefits through Motorfinity?
This varies depending on the manufacturer's policy. Sometimes it is only the card holder, sometimes partners only, and sometimes it includes other family members. Please ask one of our team to clarify who qualifies.