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New Car finance

What are the ways you could pay for your new car, and what are the pros and cons?

Ford Fiesta Feature 1 month ago

Best new car deals

Looking for a new car? Don't get caught paying over the odds. Here's our guide to some of the best deals available.
Guide 6 months ago

How do I lease a car using contract hire (PCH)?

This is a method of leasing rather than getting finance to buy, but it’s still a way of getting a new car for affordable monthly payments. You pay a deposit and monthly instalments, both of which tend to be lower than with HP or PCP, but never own the car. At the end of the agreement, hand it back, or sign up to another agreement.
Guide 6 months ago

Buying a car using Hire Purchase (HP)

A way of buying where you pay a deposit up front, then pay off the rest of the balance – plus interest – in equal monthly instalments. The repayments are comparatively high, but don’t change until the end of the agreement. Provided you keep them up, you will know exactly how much you are paying, and for how long. The car is yours at the end of the agreement.
Guide 6 months ago

Buying a car using a Personal Contract Purchase (PCP)

This is the most popular car finance. You pay an initial deposit, followed by lower monthly instalments for the remainder of the term, to pay of a proportion of the loan amount. At the end, you have to option to pay a large final payment to clear the remaining balance and own the car outright, or hand it back, or exchange it for another car.
Guide 6 months ago

Applying for car finance

If you’re thinking about buying a car on a finance agreement, find out everything you need to before committing to a contract.
Guide 6 months ago

Car finance explained

If you’re trying to get your head around car finance, and you don’t know your balloon payments from your monthly instalments, and your PCPs from your PCHs, let us help you understand them.

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Erin spent most of her career as a motoring journalist on The Daily Telegraph. Still enjoys fast cars, but spends most of her free time driving round four kids in a SUV.
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