FINANCE EXPLAINED
CHOOSE FROM A RANGE OF CONVENIENT FINANCING OPTIONS TO SMOOTH THE PATH TO YOUR NEW LAND ROVER
OUR PRODUCTS
HIRE PURCHASE (HP) | PERSONAL CONTRACT PURCHASE (PCP) | ADVANCE PAYMENT PLAN (APP) | BUSINESS OR / PERSONAL CONTRACT HIRE | |
Availability | Online and at Retailer | Online and at Retailer | Retailer only (Product available for new Vehicles Only) | Retailer only
(Product available for new Vehicles Only) |
Deposit Required | Flexible. No deposit options may be available. | Flexible. No deposit options may be available. | Deposit equates to the total price of vehicle less the Guaranteed Minimum Future Value (GMFV) plus any interest applicable | 1-12 months initial rental upon delivery of the vehicle |
Maximum Age of the Vehicle at the end of the Agreement | 14 years† | 8 years† | 3 years† | 5 Years† |
Length of the Agreement | 12 – 60 months depending upon age of vehicle | 13 – 49 months depending upon age of vehicle | 13 – 37 months | 24- 60 months |
Ownership Options at the End of the Agreement | – Once all payments have been made, you will be the proud owner of your Land Rover. | – Part exchange*
– Pay the outstanding Optional Final Payment to own the vehicle** – Return the vehicle (under the Goods Return Option)*** |
– Part exchange*
– Pay the outstanding Optional Final Payment to own the vehicle** – Return the vehicle (under the Goods Return Option)*** |
– No ownership, vehicle must be returned to leasing company |
Fixed Payments
|
Yes
|
Yes
|
No monthly payments | Yes |
Mileage Restrictions | No | Yes | Yes | Yes |
Optional Vehicle Maintenance Cover | No | No | No | Yes† |
Final Lump Sum Payment at the End of the Agreement | No | Yes | Yes | No |
Fully Comprehensive Motor Insurance Required | Yes | Yes | Yes | Yes† |
† Some exceptions apply
* Part exchange is subject to settlement of your existing credit agreement, new credit agreements are subject to status
** Optional Final Payment includes Option to Purchase Fee
*** You have the option at the end of the agreement to return the vehicle and not pay the deferred Optional Final Payment. Providing the vehicle is in good condition and has not exceeded the permitted maximum mileage you will have nothing further to pay. If the vehicle has exceeded the permitted maximum mileage a charge for excess mileage will apply. Further information on what is considered good condition can be found at www.landrover.co.uk/fairwear
+ Maintenance includes routine servicing, tyres, replacement parts and repairs due to fair wear and tear. Repairs or replacements from accidental or malicious damage and damage caused by driver misuse or abuse are excluded.
NEED FURTHER SUPPORT?
If you would like to talk to someone about your credit agreement, please contact our Customer Services Team on 0344 824 4732 for advice, assistance, information and more. Alternatively, contact your local retailer.
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