Hire Purchase (HP)
Hire purchase is our most popular way of funding motor purchases. Your customers payments are spread equally over the agreed term at a fixed rate of interest and after the final repayment the customer owns the vehicle outright.
We have a full panel of lenders dedicated to ensuring we get your customer the best finance deal no matter what their personal circumstances.
Personal Contact Purchase (PCP)
Personal Contract Purchase agreements (PCP) offer your customers additional flexibility, allowing a more tailored approach to your customers repayments.
PCP is similar to a Hire Purchase contract but your customers defer the expected 'future value' of the car until the end of the agreement. The customer therefore only pays a portion of the borrowing.
Guarantor Loan (GL)
A Guarantor loan is a form of unsecured personal loan that requires a second party to guarantee the repayments should the original applicant default at any time.
This type of loan is often linked with people who have bad credit histories or no previous credit history at all.
Lease Purchase (LP)
Lease purchase agreements offer your customers a more tailored solution to financing their vehicle. Fixed monthly payments are reduced with the addition of a balloon payment or lump sum which is deferred to the end of the agreement. The customer effectively hires the vehicle and will only own it when all payments including the balloon and option to purchase fee have been made.