Hire Purchase (HP)
Spread the cost of your vehicle by paying fixed monthly instalments. With flexible terms available from 12-60 months. Choose how much deposit you’d like to put down. Once you have paid off the finance agreement and purchase fee, the vehicle becomes yours. With this plan, you can also enjoy a one month payment holiday based on your agreement.
Personal Contract Purchase (PCP)
This finance product contains a balloon payment at the end of the finance agreement, making the monthly instalments a lot lower than a standard HP agreement. This allows you to spread the cost of your car over 48 months. Ideal for customers who like the freedom to change their car every 4 years.
At the end of the agreement, you have 3 options. You can either keep your vehicle, return the vehicle to the lender or you can use it as a part exchange against your new car.
Hire Purchase Plus (HP+)
HP+ is a combined plan of HP and a personal loan when you buy your vehicle. The personal loan is ideal for people who’d like to settle a previous finance agreement or you like to add vehicle extras or accessories.
The vehicle becomes yours once you have paid off the finance agreement and purchase fee. You can also enjoy a one month payment holiday with your agreement. For more information, call our team at AutoTechnik today.
