Personal Contract Purchase Financing Details
This form of vehicle financing has been available for a few years now and offers customers the benefit of being able to afford a vehicle that they wouldn't ordinarily be able to afford as the monthly repayments can be lower than other forms of finance. This is essentially due to the fact that the agreement includes a large final payment known as a Guaranteed Future Minimum Value.
There are a number of options available with the GFMV:

1. You can pay the final amount and keep the car.
2. You can return the car to the finance company and not pay the amount, and therefore not own the car, however mileage and condition restrictions must be met.
3. Finally you can trade in the vehicle and use the equity that should remain in the car as a deposit for purchasing another vehicle.

Repayment periods can be from 12 to 36 months. It should be noted that with this type of financing requires a maximum deposit of 40% and is only available for vehicles up to 40 months old. Summary
LOWER monthly repayments
EASY for customers who CHANGE VEHICLES on a regular basis
Makes a car that may seem too expensive AFFORDABLE
Click the options below to find out more about the various financing options :-

If any further information is required please do not hesitate to contact us by telephone, email at john@motor-house.com or simply complete the online request info form.