Help & info • Personal Finance
- Personal Contract Hire (PCH)
- Personal Contract Purchase (PCP)
- Personal Lease Purchase / Hire Purchase
- Outright Cash Purchase
Personal Contract Hire (PCH)
You pay fixed rentals and then hand the vehicle back.
- Ideal if you plan to upgrade to a different vehicle at the end of the contract
- You don't need to worry about selling the car at the end, or any potential loss in value
- Road Tax is included for the duration of the contract, and you can build in optional maintenance, warranty and/or breakdown packages - a single monthly payment covers all routine motoring expenses
Personal Contract Purchase (PCP)
At the end of the contract, you have the option to purchase the vehicle for the price agreed at the outset, hand the vehicle back and walk away with no further penalties, or part exchange it and upgrade to a new vehicle.
- You are covered for any loss in value of the vehicle
- Full ownership of the vehicle if you choose to purchase
- Optional Road Tax, maintenance, warranty and breakdown packages are available
Personal Lease Purchase / Hire Purchase
You pay fixed monthly rentals and own the vehicle at the end.
- You can choose to pay the entire cost of the vehicle in regular monthly instalments, or pay lower monthly instalments but a final payment based on the anticipated resale value of the vehicle
- Full ownership of the vehicle once all the payments have been made
- Optional Road Tax, maintenance, warranty and breakdown packages are available
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Repayment calculator
Simply enter the amount you wish to borrow, how long for and press 'Calculate' to see the monthly repayments. Our current flat rate is only 5.0%.
