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There are many ways that you can finance a vehicle purchased at Purser and Luxford.
Here are some examples:
With hire purchase, you put a deposit down and then pay a fixed monthly amount. At the end of the agreement, you pay the balance of the car cost (with interest) and at that point you own the car. This was the typical way people would purchase a vehicle, but today there are many other ways.
At present, PCP is the most popular method for purchasing a vehicle. PCP is similar to a hire purchase agreement, but instead of paying off the whole of the value of the car over a set period, you effectively only pay off the depreciation of the car over the period of the agreement. However, unlike hire purchase, at the end of the term you still owe an amount of money. The main attraction to a PCP over hire purchase is that you are paying a lower monthly amount, but remember,under PCP at the end of the agreement you will have to pay the end payment or give the car back (terms and conditions will apply).
If you would to know more please pop in for a chat, coffee and quote.