Purchase Finance
Flexible vehicle and asset finance solutions tailored for ownership.
Vehicle & Asset Purchase Products
Whether you are looking to purchase a single vehicle for personal use or expand your commercial fleet, our range of purchase finance options gives you full flexibility, competitive rates, and a clear path to ownership.
Hire Purchase (HP)
Hire Purchase is the traditional way to fund a vehicle or asset. You pay an initial deposit, followed by fixed monthly payments over an agreed period (usually 12 to 60 months). At the end of the term, upon payment of an option-to-purchase fee, ownership passes directly to you.
- Fixed monthly payments with no residual balloon risk
- Deposit flexibility to suit your budget
- Clear ownership at the end of the agreement
- Suitable for both private individuals and commercial entities
Lease Purchase (LP)
Lease Purchase works similarly to Hire Purchase, but incorporates a final balloon payment (residual value) at the end of the term based on the anticipated future value of the vehicle. This lowers your ongoing monthly payments substantially.
- Substantially lower monthly payments compared to standard HP
- Final balloon payment can be settled in cash or refinanced
- Ideal for prestige vehicles and high-value commercial machinery
Personal Contract Purchase (PCP)
PCP is designed for private motorists wanting maximum flexibility and reduced monthly outgoings. A Guaranteed Minimum Future Value (GMFV) is set at the start. At the end of the agreement, you have three options:
- Keep the vehicle: Pay the optional final payment (GMFV) and take full ownership.
- Part-exchange: Use any equity above the GMFV towards a deposit on your next vehicle.
- Return the vehicle: Hand the vehicle back to the finance company with nothing further to pay (subject to mileage and condition).
Contract Purchase (CP)
Similar to PCP but geared toward VAT-registered businesses and fleets. The vehicle appears on your company balance sheet, capital allowances can be claimed, and your monthly payments are based on depreciation plus interest.
- Protects your company from residual value and depreciation risk
- Maintenance packages can often be included in one simple payment
- Retains option to purchase or return the vehicle at term end
Motor Loans
Fixed-rate personal or commercial motor loans providing immediate unencumbered ownership from day one. Repayments are spread over a fixed term with competitive interest rates.