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WHY OPT FOR A LAND ROVER FINANCIAL SERVICES PLAN?

High Residual Values = More Affordable. Land Rover models have class-leading residual values. If you choose our Land Rover Personal Contract Purchase (PCP) plan, high residual values result in you making lower monthly payments. See below for a full explanation.

Fixed Interest Rates. Our interest rates are fixed for the length of the financial plan agreement so you can budget more easily.

Less Money Up Front. If you choose one of our Financial Services plans, you will need less money to get on the road compared to buying your Land Rover upfront and outright.

Options to Suit You. There are five Land Rover Financial Services plans to choose from: Personal Contract Payment (PCP), Hire Purchase (HP), Land Rover Advance Payment Plan (APP), Personal Contract Hire (PCH) and Business Contract Hire (BCH).

HOW DO RESIDUAL VALUES MAKE OUR CARS MORE AFFORDABLE TO YOU?

  • Land Rover models have great residual values.
  • This means that they typically hold onto their value better than other makes of car over a certain period of time – the length of a financial agreement, for instance.
  • Depreciation is the value that a vehicle loses over a period of time. Depreciation = New Car Value - Residual Value. So, higher residual value means lower depreciation.
  • With our popular Land Rover Personal Contract Purchase (PCP) plan, your monthly payments are calculated based on the predicted depreciation of the vehicle over the 1-4 year period of your agreement.
  • Payments are based on the price less any applicable deposit plus interest. The Guaranteed Minimum Future Value (the anticipated value of your car at the end of your agreement) is then deducted from this sum and divided by the term to give the monthly payments.

... all of which means that the class-leading residual values of Land Rover models makes them more affordable on a month-by-month basis.

WHICH LAND ROVER FINANCIAL PLAN IS RIGHT FOR ME?

We know that comparing financial agreements can be complicated and confusing.

That’s why our Land Rover Financial Services guides will simplify and explain the benefits of each available plan. At this point, you may want to consider:

  • Can I afford higher or lower monthly payments?
  • Do I want to pay for some of the car now, and then pay the rest off later?
  • Do I want to own the car outright at the end of my finance agreement?
  • Do I like driving the newest models available?
  • Do I want flexibility in my agreement?

Each plan works differently, but broadly speaking, Land Rover Financial Services will buy the vehicle on your behalf and then you repay the amount borrowed with interest.

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.

PLEASE NOTE

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