Finance

Finance Types Explained...

Hire Purchase:

Hire Purchase could help you buy your dream vehicle whilst spreading the cost. Agree an initial deposit, agreement term and monthly payment amount with us, we will then submit the finance application. Subject to your application being approved, you can just drive it away – after you’ve made all the payments, including interest, the vehicle’s all yours. 

PCP (Personal Contract Purchase):

With a Personal Contract Purchase, you can keep your monthly payments lower, by deferring a significant proportion of the amount of credit to the final payment at the end of the agreement. Agree an initial deposit, how many miles you are likely to travel each year and agreement term, we will calculate the Guaranteed Future Value (GFV) for your vehicle, confirm your monthly payment and submit an application. Subject to your application being approved, you can just drive your vehicle away.

Your options at the end of the agreement:

1) Renew - part exchange your vehicle for a new one, subject to settlement of your existing finance agreement; new finance agreements are subject to status.

2) Retain - pay the final lump sum payment to own the vehicle.

3) Return - return the vehicle to the finance company under the Goods Return Option, instead of paying the final lump sum payment. If the vehicle is in good condition and has not exceeded the agreed maximum mileage, you will have nothing further to pay.

Fill in the contact form below and one of our SAF accredited Sales Executives will be in touch to provide you with a personalised quotation.

Humphries & Parks Ltd [t/a Humphries & Parks] are a credit broker (not a lender) for the purposes of financial promotion. We can introduce you to a limited number of carefully selected finance providers and may receive a commission from them for the introduction.