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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 Freedom (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.

A Popular Choice. If you choose one of our finance plans you'll not be alone. Retailer finance was used to buy more than three in four new cars sold to private buyers in 2014.

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), Balloon Payment and Business Contract Hire.

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

  • Land Rover models have class-leading 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 Freedom (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 predicted 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



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.