Find out more about the different types of car finance available.

Buying a car is one of the biggest purchases that you are going to make in your entire life. Luckily, there are other options to purchase rather than just buying outright.​

Whether you’re looking to pay the lowest cost to own your next car, want to keep monthly payments budget friendly or need the flexibility with the ability to hand the car back early - There is a finance option to suit you.

Car finance has three main types

Finance Features

Hire Purchase (HP)

Personal Contract Hire (PCP)

Personal Loan

Requires initial deposit

Optional

Optional

Car is yours at the end of the agreement

✔️

Optional

✔️

Fixed monthly payments

✔️

✔️

✔️

Avoid (final) balloon payment

✔️

✔️

Avoid excess mileage charge

✔️

✔️

Secured against an asset (e.g. a car)

✔️

✔️

Support with vehicle issues

✔️

✔️

Our Customer Reviews

Let us help you get car finance