Hire Purchase (HP)
Hire Purchase allows customers to spread the cost of their vehicle over an agreed period of time, with fixed regular payments. At the end of the term, the customer keeps the car or can part-exchange the vehicle for a new one. It’s simple, straightforward and hassle-free.
With terms available from 12 to 60 months and an optional deposit amount, you can choose the right payment plan that suits your budget.
When you have paid off the finance agreement, as well as the option to purchase fee, the vehicle becomes yours.
Our plans can be tailor-made based on your deposit, how much you wish to pay monthly, and how long you would like the agreement to last.
Learn more about Hire Purchase
Personal Contract Purchase (PCP)
Spread the cost of your vehicle by paying fixed monthly instalments with terms up to 48 months.
This product contains a balloon payment at the end of the finance agreement, which would make the monthly instalment amounts lower than a traditional Hire Purchase (HP) agreement. This is great for customers who like to have the option to change their vehicle every 3 to 4 years.
When you have paid off the finance agreement, as well as the final balloon payment or Guaranteed Minimum Future Value (GMFV), the vehicle becomes yours.
Alternatively, you can return the vehicle to the lender or use it as a part exchange against your next vehicle.
Please be aware that there may be some additional charges if you have exceeded the mileage limit set out in your agreement, or if damage to the vehicle has occurred.
Learn more about Personal Contract Purchase
Bell & Colvill (Horsley) Limited is authorised and regulated by the Financial Conduct Authority for consumer credit activity (Limited Permissions) – FRN 310546.