Finance

When it comes to financing your vehicle there are traditionally two main packages you can consider, Hire Purchase or Personal Contract Purchase. Below is a summary of the two types but please feel free to ask us for a personalised, tailored quotation that caters for your individual circumstances.

HP - Hire Purchase (Ford Acquire)

A Hire Purchase agreement is one of the simplest finance agreements. You decide how much deposit you would like to put in (which could be made up of the value of a part exchange if you have one) and the remaining balance, plus the interest on the loan, is then split into monthly payments over your chosen term. By the time you have successfully made the final payment you then own the vehicle outright.

PCP -  Personal Contract Purchase (Ford Options)

A PCP is designed to lower your monthly repayments by deferring a lump sum, the optional final payment (OFP), to the end of the agreement. You can choose the term and amount of deposit to select a repayment that fits your budget. At the end of the PCP you can choose to return the vehicle, change the vehicle for another model, or pay off the OFP.

PCP or HP?

There are many factors to consider when deciding between PCP or HP – speak with a member of our sales team who will be happy to explain the features and benefits of each. We can also provide you with printed quotations for comparison purposes.