Our customers often come to us with questions about new car finance. Here, we’ll take a look at some of the answers to questions like: What is PCP finance? What is Hire Purchase finance? And, how does car finance work? PCP is the abbreviation for a Personal Contract Plan, PCH stands for Personal Contract Hire, whilst Hire Purchase is often shortened to HP. At Brayleys, we’ll help you get the best possible deal and the right finance agreement for you. If you have any questions about car finance, please contact us. We’ll be happy to talk you through the options.
Below we outline the finance products available to you to fund your new car purchase. Our team are available to assist with any questions, whether up front or throughout the journey should you wish to purchase online.
Understanding car finance can go a long way to making sure you make the right decisions and get the best deal when choosing a new or used car. Our finance agreements are designed to make it easier for you to get the car you really want, so our focus is on flexibility, simplicity and affordable monthly payments. We like to pass on any manufacturer deals to you and we often have our own exclusive finance deals available, offering reduced monthly payments and generous deposit contributions. Take a look at all our latest Honda offers, Nissan offers, Kia offers, Mazda offers, Dacia offers, Hyundai offers, Renault offers and Suzuki offers.
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Below we outline the finance products available to you to fund your new car purchase. Our team are available to assist with any questions, whether up front or throughout the journey should you wish to purchase online.
What is Hire Purchase (HP)?
Hire Purchase is a way to finance buying a new or used car. You will normally pay an initial deposit and will pay off the entire value of the car in monthly instalments. When all the payments are made, the Hire Purchase agreement ends, and you own the car outright.
How does HP actually work?
What are the advantages of HP?
What is Personal Contract Purchase (PCP)?
Personal Contract Purchase (PCP) is a finance product that allows you the opportunity to buy a new or a used car. It is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments over a term typically between 18 to 48 months.
How does PCP actually work?
What are the advantages of PCP?
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