Finance Options at Immingham Motors

So you’ve found the vehicle you want? Now, it’s deciding how to purchase it. We offer different finance options to suit your individual needs.

Not sure what finance option is best for you? Not a problem. We’ve explained the differences and benefits of each option for you.

Personal Contract Purchase (PCP)

A Personal Contract Purchase (or PCP for short) is a popular car finance product, which allows you to keep your options open, so you can decide what you would like to do with your vehicle when your finance ends.

Typically, a Deposit Of 0%-30% is paid, and then Fixed Monthly Payments are made over 24 – 48 Months.

At the end of the finance agreement, you have an Optional Final Payment which you can either pay off to keep the vehicle, return the vehicle or renew the vehicle.

This option would suit you if you tend to change your vehicle every 24 to 36 months, or are not set on owning your vehicle for more than 48 months.

Hire Purchase (HP)

A Hire Purchase is a traditional finance agreement, where you make fixed monthly payments and at the end of the finance, you own the vehicle outright.

A Deposit is usually paid with no limited amount, and then Fixed Monthly Payments are made over 24 – 60 Months. At the end of the agreement, You Own The Vehicle Outright. This option would suit you if you tend to keep your vehicle for a period of 60 months or longer.

And if you’re still unsure, contact us! Our sales team will be more than happy to talk you through your options, understand your needs, and offer you the finance option that suits you best.