Personal Contracts

We offer a range of personal finance products to suit your needs whether a high net worth individual, sole trader, partnership or an employee trading a company car for cash allowance.

Personal Contract Purchase (‘PCP’)

This finance facility is a popular way to finance your car. It enables you to afford a higher price or better specification car by offsetting a proportion of the vehicle’s cost to the end of the agreement, thus lowering the monthly payment.

You select your preferred term, 24 - 48 months, and specify your annual mileage. We will then confirm the monthly payment with an optional final ‘balloon’ payment for the car.

At the end of the agreed term, you have two options:

  • Keep the car by settling the final ‘balloon’ payment on your agreement
  • Simply return your car to us in good condition with any excess mileage settled and, if you choose, enter into a new agreement for your chosen replacement car

Key Features of PCP

  • Choice of any make or model of car
  • Interactive web based quotation engine
  • Finance spread over 24, 36 or 48 months to suit your needs
  • Flexibility at the end of the agreement to either purchase the car for the optional final ‘balloon’ payment or simply return the car to us

Key Benefits of PCP

  • No deposit option
  • No administration fees
  • Competitive Annual Percentage Rate of interest
  • Used cars can also be considered
  • Fixed regular payments enable you to accurately budget your outlay

Personal Contract Hire (‘PCH’)

PCH is the convenient, low cost alternative to traditional funding methods and is the popular method of funding for people opting out of their company car scheme.

There is the option to add a full maintenance package, leaving comprehensive insurance cover your only additional cost.

At the end of the contract (providing the car is in good condition, and any excess mileage charges have been settled) you simply hand your car back to us and if you choose, enter into a new agreement for your next vehicle.

Key Features of PCH

  • Choice of any make or model of car
  • Finance spread over 24, 36 or 48 months to suit your needs

Key Benefits of PCH

  • Low initial outlay
  • Low monthly payments, particularly on prestige cars due to strong residual value
  • Fixed costs
  • No depreciation or disposal issues
  • No final payments
  • Maintenance on cars can be included
  • Road fund licence included

    Hire Purchase ('HP')

    Hire Purchase is the simplest way to put you in the driving seat, spreading the cost over time - and at the end of your agreement you'll own the vehicle.

    Key Features of HP

    • Flexible repayment period of between 24 and 60 months
    • Complete choice of vehicle new and used makes and models
    • Affordable deposit and payment profile terms

    Key Benefits of HP

    • You own the vehicle once all payments have been made
    • Fixed regular payments spread over an agreed period
    • No mileage restrictions


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