Car Finance Options

At Mon Motors we understand that buying a new car is a big decision and we are here to help you find the car and finance option that suits your needs and your budget. It is essential to get your finance right and there are many ways to finance your new car. We guarantee to offer a variety of finance deals to give you complete flexibility. To find out about our flexible finance deals visit your closest Mon Motors centre and one of our experienced sales team will be on hand to help.

Personal Contract Purchase (PCP)

Personal Contract Purchase or PCP is a form of vehicle finance. It is probably the most common and popular way for customers to finance their new car. It is great for customers who like to change their car regularly as the finance agreements range between 24 and 48 months. PCP is probably the most flexible option of finance we offer at Mon Motors and we give you three choices at the end of your agreement, you can choose to:

• Part exchange your current vehicle towards a new one
• Keep the car and pay the optional final payment
• Hand it back to the dealership and have no further finance owing

You have complete freedom with a Personal Contract Purchase finance agreement and at Mon Motors we make it simple for you! You choose the car, you decide on the deposit and your annual mileage and we will then work together to find the suitable monthly repayment and term that suits you and your budget. There are many benefits that come with a Personal Contract Purchase that make this finance option perfect for customers, some of the benefits of a PCP agreement include:

• Fixed monthly payments
• Lower monthly payments
• A guaranteed minimum future value for your car
• Option to change your car regularly
• Save money on repairs and maintenance

Hire Purchase (HP)

Another form of vehicle finance is Hire Purchase, also known as HP. This is one of the most simple and traditional finance options and the customer has complete ownership at the end of their finance agreement. Hire Purchase agreements allow you to spread the cost of the car over a period of between 12 and 60 months depending on your budget.

Similar to the PCP agreement you choose your car and deposit and we deal with sorting out a monthly payment and repayment period that is suited to your budget until the car is completely paid off. Some of the great benefits of this finance agreement are:

• You have complete ownership at the end of the agreement
• No annual mileage limit
• Fixed monthly payments
• Nothing further to pay at the end of the finance term

Personal Contract Hire

Personal Contract Hire is the third form of vehicle finance and gives you the option to run a car without the worry of ownership or depreciation of the car. This is a common form of car leasing which is cost effective and allows the customer to take complete control. Personal Contract Hire is easy to manage and can include all running costs of the vehicle excluding fuel and insurance meaning there is no unexpected maintenance costs.

Personal Contract Hire is made suitable for your budget over a suitable hire period, which is normally between a 24 and 48 month agreement. You choose the car that is best suited to your needs and discuss an annual mileage limit and we will do the rest. At the end of the agreement you give your car back with no further costs, making it a simple and convenient method of finance for you. The benefits of a Personal Hire Contract include:

• Fixed monthly payments
• Low initial payment
• No maintenance costs
• No concerns over ownership or depreciation
• No concerns over selling your car
• No further costs at the end of the agreement

For more information about our finance offers or you would like to discuss your finance options come and visit us at your closest Mon Motors centre and we will be happy to answer any of your questions and help you find the finance plan that is best suited to you.