At Livingstone Motor Group we offer a range of finance options to aid with the purchase of your new vehicle. A few of these options are explained below:
You pay a deposit and pay off the value of the car in monthly instalments, with the loan being secured against the car. This means you don't own the vehicle until the last payment is made.
Personal Contract Purchase (PCP)
This is the most popular way to finance a car and is essentially a long-term loan agreement. Monthly repayments tend to be lower and then at the end of a fixed term you have a range of options:
- Return the car.
- Pay the final ‘balloon’ payment and own the vehicle outright.
- Put the resale value of the car towards getting another car.
This form of finance is ideal if you like to change your vehicle every few years.
Why Finance Through a Dealership
Personal Contract Hire (HCH)
A hassle-free approach to vehicle finance. This type of finance is a long-term lease of up to four years where you simply return the car at the end of the period. It means there is no obligation at the end of the contact – You walk away and start again.