What is a PCP?
PCP, or a Personal Contract Purchase is fast becoming one of the most popular ways of financing the new car of your choice, simply due to its flexibility. You choose the car, the deposit, how long you want the contract to run for and the mileage you intend to do and in return you get fixed cost motoring for the term of the contract.
At the end of the contract you have a choice to either buy the car outright for an agreed lump sum (the GFV or final balloon payment), or hand the vehicle back to the lender and walk away with absolutely no further obligation.
Find your car and then ask the Business Manager about the great deals at Marshall.
What is Hire Purchase?
With hire purchase, the finance provider owns the car, and you buy it over an agreed period. With HP, a deposit may be needed, and the finance is generally secured on the car itself. You may need to pay an additional fee before the car is yours.
Find your car and then ask the Business Manager about the great deals at Marshall.
PCH
Personal Car Contract Hire is simply a method of long term rental, with a mileage allowance, offering you a fixed monthly payment for the vehicle you want.
You can choose how long you want to keep the vehicle for and simply send it back and order a new vehicle at the end of the contract. It is a really simple way to budget your motoring costs, as all you do is insure and put fuel in your vehicle.
Find your car and then ask the Business Manager about the great deals at Marshall.
Lease Purchase
A funding agreement suitable for both business and private users who wish to acquire ownership once all payments have been made. Part of the capital cost of the vehicle may be deferred into a "balloon" payment at the end of the agreement, which is based on the estimated future value, thus reducing the monthly payment. The balloon payment must be met by either the sale proceeds of the vehicle, or a lump sum payment.
Find your car and then ask the Business Manager about the great deals at Marshall.