Solutions Personal Contract Plan (PCP) Deposit + monthly payment + optional final payment |
Contract Hire (CH)
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Hire Purchase (HP)
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This product is great if you are looking to combine flexibility with regular monthly payments. |
This product is great if you would like regular monthly payments without worrying about ownership at the end of your agreement. |
This product is great if you want regular monthly payments which enable you to own the car at the end of your agreement. |
Repayment period 18-49 months |
Repayment period 12-48 months |
Repayment period 12-60 months |
Possibility to own the vehicle Yes |
Possibility to own the vehicle No |
Possibility to own the vehicle Yes |
End of contract options You can choose to hand back the vehicle¹, pay the optional final payment and option to purchase fee and own the vehicle or use any equity to trade in and upgrade to a new vehicle. |
End of contract options Finish paying monthly instalments and hand the vehicle back¹. |
End of contract options Finish paying monthly instalments and keep the vehicle. |
Final balloon payment Optional |
Final balloon payment No |
Final balloon payment No |
Mileage limits 8,000 to 30,000 miles per annum² |
Mileage limits 8,000 to 30,000 miles per annum² |
Mileage limits No |
Excess mileage and damage charges Yes, if vehicle handed back |
Excess mileage and damage charges Yes |
Excess mileage and damage charges No |
Customer type Personal |
Customer type Personal and Business |
Customer type Personal |
Cars New and used |
Cars New only |
Cars New and used |
1 Subject to any excess mileage or fair wear and tear charges
2 Excess mileage charges apply outside of the mileage limit