Finance At Marshall

Personal Contract Purchase (PCP)

PCP finance is the most popular form of car finance in the UK today, largely because it’s affordable and flexible. It’s available on both new and used cars, and on commercial vehicles. It could allow you to change your car frequently, at a more affordable price.

Simply put down a deposit (as much as you like), then make monthly repayments over an agreed period with a large portion of the purchase price left over unpaid at the end. At that point, you can either pay it off and the vehicle is yours; return the car and walk away; or use the equity to start a new agreement on a different vehicle.

How does it work?

  • Simply choose the car (new or used) you like.
  • Choose the most suitable repayment period for you.
  • Decide on the deposit contribution that suits you.
  • Agree on your anticipated annual mileage.
  • You will then be given a Guaranteed Minimum Future Value which becomes your optional final payment.
  • Using the above information your guaranteed minimum future value will be calculated for your vehicle at the end of your repayment period which becomes your optional final payment.
  • This value is guaranteed by us and the finance provider which is why it is commonly known as a Guaranteed Minimum Future Value.
  • The remaining balance is then divided by the term you have agreed to calculate your monthly repayments.
  • At the end of the agreement there are three choices for you; part exchange your vehicle for another car, keep the car and pay the final payment or hand it back and given it is in good condition and within the agreed mileage you will have nothing further to pay.

What are the benefits?

  • The future value of your vehicle is guaranteed, so you are protected against any unexpected fall in used car values.
  • At the end of the agreement you have the option toeither keep the vehicle, part exchange it (using any equity as full or partial deposit for your next car) or return it. This means you will have the option to change your vehicle more often.
  • As the future value is set at a minimum, if you keep your car in great condition and within the agreed mileage your vehicle could potentially be worth more than the Guaranteed Minimum Future Value. Meaning you could use any equity as full or partial deposit for your next car.
  • Fixed monthly payments mean you always know what you will be paying, so there are no nasty surprises.
  • You have the potential for lower monthly payments than traditional forms of funding, because the final payment at the end reduces your monthly commitment.
  • You can match the length of your repayments with the time you want to keep the vehicle and not you as an individual.
  • You will receive the additional security of having the loan secured against the vehicle being purchased.
  • You will have the comfort of guaranteed fixed interest and fixed monthly payments, allowing you to budget with confidence.
  • Changing your car regularly saves money on repairs and maintenance, whilst keeping you up to date with the latest technology; potentially meaning a more efficient and safer vehicle.


Hire Purchase (HP)

Hire Purchase agreements simply mean you’re paying the price of the car off monthly, over an agreed period. As soon as the last payment is made, the car is yours. There’s no mileage limit, making it especially good value for drivers who cover significant miles.

Putting down as much as you can up front will help to reduce the balance to be cleared, bringing down your monthly repayments and reducing the amount of interest incurred too.

How does it work?

  • Choose the car (new or used) you like
  • Choose the most suitable repayment period between 12 and 60 months
  • You agree on a deposit and monthly repayment to suit your budget
  • At the end of the agreement, as long as all the payments have been made, the car is yours

What are the benefits?

  • At the end of the agreement you own your car with nothing further to pay
  • Fixed monthly payments help with your budgeting
  • You can match the length of your repayments with the time you want to keep the vehicle and not you as an individual.
  • You will receive the additional security of having the loan secured against the vehicle being purchased.
  • You will have the comfort of guaranteed fixed interest and fixed monthly payments, allowing you to budget with confidence



Personal Contract Hire (PCH)

PCH allows you to run a car without the worry of ownership or value depreciation, and gives you the option of including a maintenance package in your monthly payments. Doing that means you have no unexpected bills.

Simply tell us what car you want, how long for, and how many miles you’re going to cover, and we’ll calculate a rental price based on your circumstances. When the agreement is over, simply hand the car back and walk away - it’s that easy.

How does it work?

  • Simply choose the new car you like.
  • Choose the most suitable hire period, usually between 24 and 48 months.
  • Agree on your annual mileage.
  • Agree the rentals most suitable for your budget.
  • At the end of the agreement, simply hand your car back.

What are the benefits?

  • Fixed monthly payments with an option of having your servicing and maintenance costs fixed for the term.
  • No concerns over depreciation or the future value of your car.
  • No hassle trying to sell your car at the end of the contract.
  • You pay to use the vehicle for a fixed period of time - you will never have to be the owner.
  • You will be offered flexible repayment periods.

For more information on any of the above finance options, contact your nearest Marshall showroom over the phone or using the enquiry form online.