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