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Below are the different car finance products in the UK car finance market. The lowest APR for car finance is a cheap personal loan, however if you are looking for the lowest monthly payments then a PCP is best.

PCP - Personal Contract Plan*

PCP - Keep your monthly payments lower than a personal loan. Simply pay a deposit of your choice and balance the remainder over 12-48 Months with a pre-set guaranteed future value. At the end of the term you can either buy the car at this guaranteed future value (usually 40% of the original car value) or simply give it back.

View our Special PCP deals - Click here     

PCP Option 1

“Buy Now, get the car and finance together at a fixed price”

How it works

PCP Option 2

“Get the PCP from our lender and the car from the lowest bidder”

How it works

PCP Option 3

“Get the PCP through us and the car from your own supplier”

How it works

Used car PCP  

“Get PCP on any car up to 2 years old, you find the car” 

How it works

click here for a Cheap PCP quote

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Personal Loans:

There are two types of Personal Loans available in the market today.

1) Personal unsecured loan - Available from your local bank or at much more competitive rates from online specialists. The best current offer for a Personal Loan is at 5.6% APR. Click here for a quote

2) Personal secured Loan - Similar to the above that can be obtained for a longer period and is secured against your home. Click here for a quote

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Lease purchase

Similar to hire purchase, lease purchase offers greater flexibility, with repayments structured around your business's cash flow situation.

After the initial deposit, repayments are made monthly and a percentage of the original cost of the car can be deferred to the end of the agreement, as a 'balloon' payment. A 'balloon' payment is a final lump sum, which is based on the car's estimated future value.  You can make the balloon payment and keep the car - or part exchange it, using any surplus amount after making the final repayment, towards a deposit on your next vehicle.

Click here for a Lease Purchase Quote

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Contract Hire

  • Lower risk for your business - The vehicle is returned at the end of the contract, avoiding any depreciation or disposal risks.

  • Improved cash flow control - Rentals are fixed, therefore you are protected from fluctuations in interest rates.

  • Better balance sheet - You don't own the vehicle, therefore your balance sheet ratios  may be improved and the VAT is reflected in lower rental costs. Your business will benefit from writing down allowances/lower rentals.

  • Reclaim VAT - If its for private use the VAT recovery on the finance element is restricted to 50% (although a proportion may be charged to Profit and Loss). VAT recovery on the service element remains 100% regardless.

  • Protect your capital budgets - Contract Hire rentals are treated as a revenue item, leaving your capital budgets unaffected.

  • Rentals chargeable against taxable profits - Rentals are chargeable against your taxable profits so it may be possible to reduce your tax liability, (restrictions apply).

  • Replacement vehicles - Peace of  mind, in the event of accident or breakdown replacement vehicles are possible.

Click here for a Contract Hire Quote