We have finance available from a selection of lenders for your new purchase, and can be arranged within minutes. When purchasing a vehicle from us on finance, you will need to take out your finance through one of our approved brokers. We strongly recommend all finance customers choose our 1 Year Platinum Warranty Cover as part of their finance deal.

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There are typically 2 types of finance on used vehicles:

Hire Purchase

Hire Purchase or HP as it is commonly known is popular for both car and van finance. Depending on the vehicle and the VAT implications, the initial deposit may vary. When taking out a HP agreement, you will pay an initial deposit, then a fixed monthly payment over a set number of months. Although you become the registered keeper of the vehicle, you don’t actually own the vehicle until you have made the final repayment. During the time when you still have payments remaining, the finance company owns the vehicle. Once all payments are complete, you own the vehicle outright.

Personal Contract Purchase (PCP)

Personal Contract Purchase or PCP as it is commonly known is also very popular with those who wish to purchase a new or used car, but wish to remain within a monthly budget. PCP is a form of hire purchase which includes a voluntary balloon payment at the end of the term. The final amount represents the future residual value of the car, based on the age of the vehicle at the end of the agreement and the forecast mileage that you expect to do. Monthly payments are typically lower than hire purchase, however you do not own the vehicle at the end of the agreement, unless you pay the balloon payment at the end of the term (you also have the option to return the vehicle).

Finance Example

Coopers of Hampshire are an Introducer Appointed Representative of Hawkstone Farley Group Ltd, which is authorised and regulated by the Financial Conduct Authority. Hawkstone Farley Group Ltd (FRN 987531) is a credit broker and not a lender. We will only introduce you to Hawkstone Farley Group Ltd. You can learn more by visiting https://www.hawkstonemotorfinance.co.uk.