At Barretts Honda, we understand the importance of finding the perfect vehicle to suit you. This is why we go beyond the journey to pass on our specialist knowledge to help you buy the right car within your budget.
Our wide range of finance options is designed to take away the hassle of affording the car you would like. We can arrange all finance, making sure that buying a car with us is as smooth and simple a process as possible. We have access to a wide range of finance providers and products so that you can be sure of getting a finance deal to suit you.
We strive to obtain the best deals for our customers and make sure you get a tailor-made finance package. Apply online today or give us a call for a friendly chat about your options.
Please speak to an experienced adviser to find out more about our superb vehicles and your finance choices. If you have any queries or require a quotation then please do not hesitate to contact us.
Barretts Honda | 01227 866266
Personal Contract Purchase (PCP) is a finance product that allows you the opportunity to buy a new or a used car.
It is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly installments over a term typically between 18 to 48 months.
What makes PCP different to Hire Purchase (HP) is that your monthly installments are paying off the depreciation of the car, and not its entire value, over the course of the term. Then, when you get to the end of your agreement, there is a final, balloon payment that must be made if you want to keep the car. The balloon payment is often referred to also as the Guaranteed Future Value (GFV).
Hire Purchase is a way to finance buying a new or used car. You will normally pay an initial deposit and will pay off the entire value of the car in monthly installments. When all the payments are made, the Hire Purchase agreement ends, and you own the car outright.
Personal Contract Hire or PCH, is a long-term rental that may be suitable if you do not want to purchase the car at the end of the agreement. You will make fixed monthly payments, which are made over the agreed contract length and when the contract ends you return the vehicle.
A Business Contract Hire agreement is a long-term arrangement that allows a business to lease a car. The standard time span for one of these contacts can be between 24 to 60 months. After the contract is finished, the car just needs to be returned to us.