Car Finance

Finance Options Explained

DealDrive Motors offer two main types of finance package
- "Traditional" HP and
- Personal Contract Plan (PCP).

Traditional HP

With traditional HP you borrow the amount required to purchase a car, fixed repayments are then made over an agreed period of time. At the end of the agreed term there is no balance owed and you own the vehicle.

Personal Contract Plan

With PCP, you are offered a guaranteed future value for your new car and borrow only the difference between the cost price and this amount. At the end of the term you can pay the balance and keep the car, or return the vehicle or part exchange it for a newer one! Because of the smaller loan amount, PCP deals generally work out to have lower monthly repayment options and guaranteed future value eliminates risk of negative equity and protects against deprecation. PCP is ideal for people who like to change their vehicle regularly.
Please note, We charge a £200 admin fee on all finance applications.
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DEALDRIVE MOTORS Ltd operating as DealDrive Motors is AUTHORISED AND REGULATED by the Financial Conduct Authority (FCA No 99319). DealDrive Motors act as a credit broker, not as a lender, for the introduction to a limited number of lenders.

What is Hire Purchase?

What is Personal Contract Purchase?