Loan suitability calculator
Find out which car finance product is the most suitable for you
HP and PCP should both be considered. PCP will have lower monthly payments over the life of the loan with a large balancing payment to be made at the end.
Consider how easily you will afford to repay the balance amount quoted.
PCP will include a mileage limitation and any excess miles will be charged.
HP would probably be more suitable than PCP since the total cost of finance is lower and repayments are spread evenly over the term.
Once you have made all the repayments the car is yours.
HP and PCP should both be considered. With PCP at the end of the finance period you will have a balance outstanding (the guaranteed future value) which you can either pay off or you can seek finance to cover this cost. PCP is only available on new and nearly new cars. Therefore if you do refinance the same car it is likely the new contract will be HP.
HP and PCP should both be considered. WIth PCP at the end of the finance period you will have a balance outstanding (the guaranteed future value) which you can either pay off or you can seek finance to cover this cost. PCP will include a mileage limitation and any excess miles will be charged.
HP and PCP should both be considered. With PCP at the end of the finance period you either hand your car back or part exchange your car and use any amount over and above the Guaranteed Future Value towards a new vehicle with a new finance contract if required. PCP will include a mileage limitation and any excess miles will be charged.
HP would be more suitable than PCP, since PCP is only available for cars less than 3 years old.