Finance with Marshall Honda
Personal Contract Purchase (PCP)
Whether it is a new or a used Honda you are looking for, this flexible finance plan may help you change your vehicle at more regular intervals and give you lower monthly payments, meaning a new vehicle more often! With part of the cost of the vehicle being deferred until the end of the agreement, your investment is protected against the risk of an unexpected fall in used Honda values.
How does it work?
- Simply choose the Honda (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 Honda 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 Honda 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 Honda 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)
A simple way to securely fund your vehicle. Simply choose the right Honda for you. Choose a deposit you are comfortable with and then choose the term that suits your budget.
How does it work?
- Choose the Honda (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 Honda is yours
What are the benefits?
- At the end of the agreement you own your Honda 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)
This allows you to run a car without the worry of ownership or depreciation and gives you the option of having a maintenance package so you have no unexpected bills.
How does it work?
- Simply choose the new Honda 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 Honda.
- 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.