Finance at Marshall Motor Group

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.

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

Marshall Motor Group Ltd is a credit-broker not a lender. We may receive a finance commission from the lender for arranging finance for you. For further information on our commission arrangements see https://www.marshall.co.uk/fcds

How does it work?

  • Simply choose the car (new or used) you like.
  • Choose the most suitable repayment period for you.
  • Decide on the small 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.
  • This value is guaranteed by 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.

Important information

At the end of your agreement you have three options:

1. If you fancy a change you can simply part exchange your car for a different make/model on a new Solutions contract

2. If you love your car you can pay the option to purchase fee and the optional final payment then take full ownership of the vehicle

3. If you don't want to upgrade or keep it, as long as it's been loved, you can simply give it back. (fees may be payable)

It is important that you keep up to date with your monthly repayments, so please contact your lender if you are having any difficulties as the vehicle maybe at risk if you don’t.

You may end your agreement earlier than the full term. However, depending how far you are in to your agreement will affect the final amount left to pay.

If you exceed agreed mileage at the start of your agreement and intend to return the vehicle then excess mileage charges will apply.

Keep the vehicle in good condition as this will affect the value of the vehicle. You may be charged for any damage that goes beyond fair wear and tear.


PCP may not be suitable if you want to settle the agreement early or if want to own the vehicle at the end of the term and may have difficulty in making the balloon payment. Smaller deposits work better with a PCP.



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 and you pay the option to purchase fee, the car is yours. HP is a the traditional form of lending and is suitable for drivers who want the own the vehicle at the end of the term and for those 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.

Marshall Motor Group Ltd is a credit-broker not a lender. We may receive a finance commission from the lender for arranging finance for you. For further information on our commission arrangements see https://www.marshall.co.uk/fcds

How does it work?

  • Choose the car (new or used) you like
  • Choose the repayment period between 12 and 60 months
  • 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

Important information

Ownership of the vehicle will remain with your lender until you have paid both the option to purchase fee and all monthly payments.

It is really important that you keep up to date with your monthly repayments so please contact your lender if you are having any difficulties as the vehicle may be at risk if you don’t.



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. You will never own the vehicle.

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. Once you have paid all outstanding rentals, you simply hand your vehicle back, subject to condition and excess mileage charges.

Marshall Motor Group Ltd is a credit-broker not a lender. We may receive a commission from the hire company for arranging a Personal Contract Hire agreement for you. For further information on our commission arrangements see https://www.marshall.co.uk/fcds

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 (subject to condition and excess mileage charges).

Important Information

Ownership of the vehicle will always remain with owner and it is really important that you keep up to date with your monthly repayments. Please contact the hire company if you are having any difficulties as the vehicle may be at risk if you don’t.

Contract Hire agreements are not designed to be settled early. If you wish to end your agreement early you can request an early termination quote to cover the cost of the remaining rentals.

If you exceed the agreed mileage set out in your agreement then excess mileage charges will apply. If during your agreement you think you will go over your anticipated mileage then please contact the hire company to discuss the options available.

It is important to keep your vehicle in good condition as you may be charged for any damage that goes beyond fair wear and tear.


PCH is not suitable if you want to own the vehicle at the end of the agreement.


Contract Hire for Business Users

If you've got a local business you can lease a car to use as your own. This way your money isn't tied up in the full cost of a car, it's working for your business instead. Before entering into any agreement, please seek your own independent financial and tax advice. You will never own the vehicle.

If you are a business user:

A proportion of the rentals may be claimable as an expense against taxable profits.

An element of the VAT on rentals may be recoverable by VAT registered businesses.

You can build in a service, maintenance and tyres plan to make budgeting even easier.

Marshall Motor Group Ltd is a credit-broker not a lender. We may receive a commission from the hire company for arranging a Contract Hire agreement for you. For further information on our commission arrangements see https://www.marshall.co.uk/fcds

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

Arranging Finance
Marshall Motor Group Ltd is not independent as we have pre-arranged contractual relationships with a limited number of lenders. We act as agent of the lender. Our relationships include the brand finance provider, Santander Consumer (UK) plc and Evolution Funding Limited. We do not conduct a market appraisal and we do not choose from a panel of lenders. We will only submit a finance application to a prospective lender with your consent and the information you provide to us must be accurate. The lender will carry out an affordability assessment and a credit check before making an offer of finance to you. Each finance application will leave a footprint on your credit file. Finance is never guaranteed and is always subject to status and affordability. Terms and conditions apply. We will provide you with information but we do not offer financial advice and we do not make recommendations on any financial product. We operate a non-advised sales process. Please read all terms and conditions and other documentation that we provide to you carefully in order to decide whether what is being offered is suitable and meets your needs. The financial products that we have available may vary from time to time and include Hire Purchase, Conditional Sale, Fixed Sum Loan, PCH and PCP. Each financial product has different features, terms and conditions. If you require any further information about our financial products and services, please let us know.

Marshall Motor Group Ltd are a credit-broker not a lender. We may receive a finance commission from the lender for arranging finance for you. For further information on our commission arrangements please read our Finance Commission Disclosure Statement https://www.marshall.co.uk/fcds or ask for details.