Personal Purchase Routes

Hire Purchase & fleet lease purchase has always historically been the way first thought of when looking to purchase a new car.  This is ideal if you wish to take full ownership of the vehicle where title will pass to you upon completion of the term of contract and where you are willing to be responsible for any depreciation and disposal at the end of the contract. 

Alternatively many customers now consider Personal Contract Purchase (PCP) as a more effective route.  This is a way to potentially own your vehicle but with low monthly payments.  This is achieved by having a guaranteed minimum end value (GMEV) as a "balloon payment" at the end of the contract.  At the end of the agreement you have three options:-