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Finance a Vehicle:

At Surrey Hills Motor Company, we provide flexible finance options that are tailored to your specific needs. We work with a range of lenders to help you find the best possible finance option to suit your budget and lifestyle.

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What is Vehicle Finance?

Vehicle finance is a method of purchasing a vehicle without having to pay the full amount upfront. Instead, you make monthly payments over a fixed term, making it easier to manage your finances. Vehicle finance options include hire purchase, personal contract purchase, and personal loans.

Why Finance a Vehicle?

There are many benefits to financing a vehicle. Firstly, it allows you to spread the cost of the car over a fixed period, making it more affordable. Secondly, it can help you to manage your cash flow, as you don’t have to pay the full amount upfront. Lastly, it can also help you to improve your credit score if you make your payments on time.

THE TYPES OF Vehicle FINANCE:

At Surrey Hills Motor Company, we offer a range of vehicle finance options that are tailored to your specific needs. Whether you’re looking for a personal or business vehicle, we have the right finance solution for you. Here are the different types of vehicle finance we offer:

Type of Finance
Ownership
Monthly Payments
End of Term Options
Excess Mileage Charges
Additional Charges
Hire Purchase (HP)
Owned outrightFixedOwn car outrightYesYes
Personal Contract Purchase (PCP)
Options to own or return carLower than HPPay balloon payment, return car, or use value as deposit for new agreementYesYes
Personal Contract Hire (PCH)
Not ownedLower than PCPReturn carYesYes
Business Contract Hire (BCH)
Not owned by businessLower than PCHReturn carYesYes
Lease Purchase
Option to ownLower than HPPay balloon payment or return carYesYes
Personal Loan
Owned outrightFixedN/AN/AN/A
Balloon Hire Purchase
Owned outrightLower than HPOwn car outrightYesYes

Note: The information in this table is a general overview and may vary depending on individual circumstances and agreements. It is always recommended to consult with our financial advisor before making any finance decisions.

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