OUR PRODUCTS
| H P | P C P | A P P | P C H | BCH | |
|---|---|---|---|---|---|
| New and used vehicles | Yes | Yes* | Available for vehicles up to 3 months old | New only | New only |
| Minimum finance advance | Typically £2000** | Typically £2000** | No | No | No |
| Length of agreement | From 1-5 years** | From 1-4 years** | 1-3 years** | From 2-5 years | 2-5 years |
| Deposit/initial rental required | Yes
£0 deposit may be available |
Yes
£0 deposit may be available |
Deposit is the total price less the deferred optional final repayment plus any interest applicable | Yes
Typical initial payment of between 1 and 12 rentals or lump sum amount |
Yes
Typical initial payment of between 1 and 12 rentals or lump sum amount |
| Fixed monthly repayments | Yes | Yes | No monthly repayments | Yes**** | Yes**** |
| Optional final repayment
|
No | Yes | Yes | No | No |
| Maximum permitted age of car at agreement end | Typically 14 years*** | Typically 9 years | 3 years | Typically 5 years | Typically 5 years |
| Ownership option at agreement end | Yes | Yes
After optional final repayment is paid |
Yes
After optional final repayment is paid |
No
Vehicle must be returned |
No
Vehicle must be returned |
| End of contract goods return option | No | Yes
Return conditions apply |
Yes
Return conditions apply |
Yes
Return is compulsory Return conditions apply |
Yes
Return is compulsory Return conditions apply |
| Mileage and condition restrictions/charges
(if you exceed permitted maximum/ contracted mileage or the vehicle is not in good condition upon return) |
No | Yes
Charges apply if you return the vehicle |
Yes
Charges apply if you return the vehicle |
Yes | Yes |
| Ability to amend annual mileage in life | No | No | No | Yes
Subject to status |
Yes
Subject to status |
| Voluntary termination (HP/ PCP/APP) Early termination (PCH/BCH) | Yes
Return conditions apply |
Yes
Return conditions apply |
Yes
Return conditions apply |
Yes
Return conditions apply |
Yes
Return conditions apply |
| Early settlement option | Yes | Yes | Yes | N/A - see Early Termination Page 20 | N/A - see Early Termination Page 24 |
| Fully comprehensive insurance required | Yes | Yes | Yes | Yes | Yes |
| Ability to amend monthly payment due date | Yes
Once every 12 months |
Yes
Once during the agreement |
Yes
Once during the agreement |
Yes
Subject to conditions |
Yes
Subject to conditions |
| Optional maintenance packages available | No | No | No | Yes | Yes |
* Some exceptions apply.
** Promotional offer terms may vary.
*** Some exceptions apply.
**** VAT and Vehicle Excise Duty are charged at the prevailing rate and may vary during the life of the agreement.
NEED FURTHER SUPPORT?
If you would like to talk to someone about your credit agreement, please contact our Client Relationship Team on 0344 824 4732 for advice, assistance, information and more. Alternatively, contact your local retailer.