If it’s time to choose a new car, there are a few different options you can consider. They will all account for the way in which you choose to buy a vehicle and can give you flexible options for your payments. Here are the main ways in which people buy a car:
PCP finance – this helps to reduce your monthly payments and you won’t usually need a deposit in order to get a finance deal. Just bear in mind that you won’t own your car once your agreement comes to an end.
Part exchange – trade in your old vehicle for a new one. This will act as a deposit for you to help you secure a lower price on the car.
Finance – you will make payments against your chosen car each month in the same way as PCP, except that once your deal is finished, you will own your vehicle outright.