Some charges may apply for general or default administration, click here to see our Tariff of Charges.

HP

Hire Purchase

Spread the cost of your car, van, or motorcycle by paying fixed monthly instalments. With terms available from 12 to 60 months and an optional deposit amount, you can choose a payment plan that suits your budget. You can also enjoy a one month payment holiday on your agreement. Interest is calculated from the day your agreement starts.

When you have paid off the finance agreement, as well as the option to purchase fee, the vehicle becomes yours.

PCP

Personal Contract Purchase

Spread the cost of your vehicle by paying fixed monthly instalments with terms up to 48 months.
This product contains a balloon payment at the end of the finance agreement, which would make the monthly instalment amounts lower than a traditional Hire Purchase (HP) agreement. This is great for customers who like to have the option to change their vehicle every 3 to 4 years.

When you have paid off the finance agreement, as well as the final balloon payment or Guaranteed Minimum Future Value (GMFV), the vehicle becomes yours. Alternatively, you can return the vehicle to the lender or use it as a part exchange against your next vehicle. 

HP+

Hire Purchase Plus

This is a combination of our Hire Purchase (HP) and a personal loan (+) when you purchase your vehicle.
The personal loan is designed to be used for:

- settling a previous finance agreement; 

- vehicle extras/accessories

You can enjoy a one month payment holiday on your agreement, with interest calculated from the day your agreement starts. When you have paid off the finance agreement, and settled the option to purchase fee, the vehicle becomes yours.

Breeze

Like our traditional HP (Hire Purchase) product, you can spread the cost of the vehicle by paying fixed monthly instalments with terms up to 48 months.

This product has a balloon payment at the end, which can make the monthly payments lower than our traditional HP product.
When you have paid off the finance agreement, as well as the final balloon payment or Guaranteed Minimum Future Value (GMFV), the vehicle becomes yours. Alternatively, you can use it as a part exchange against your next vehicle, subject to dealer acceptance, or refinance the balloon payment into a new HP agreement, subject to finance approval.