en:FAQs:FINANCE OPTIONS GB/EN

FINANCE OPTIONS

FINANCE OPTIONS

What is Personal Contract Plan (PCP) Finance?

Solutions (PCP) is ideal for customers who to change their vehicles regularly, reducing the potential period of repayments, or simply want to leave their options open for a period of time.

 

By deferring an agreed amount to the end of your agreement you can potentially: change your vehicle more often to suit your needs, and stay within the warranty period; upgrade to get a higher specification model; reduce your monthly payments.

 

A Solutions agreement can protect you from unforeseen depreciation of the vehicle’s value.

 

Deposits can be as little as one monthly payment.

 

Solutions is a flexible product, giving you three options for the end of your contract. This decision doesn’t need to be made until the end of the agreement.

 

What is Contract Hire?

Contract Hire is ideal for customers simply wanting to pay a monthly rental for the vehicle, change it on a regular fixed period and have no disposal risk.

 

You won’t own the vehicle, just keep it in good condition and within your chosen mileage to avoid any additional costs when you hand it back.

 

If you are a business user:

▪ A proportion of the rentals may be claimable as an expense against taxable profits

▪ An element of the VAT on rentals may be recoverable by VAT registered businesses

 

You can build in a service, maintenance and tyres plan to spread these costs making budgeting even easier.

Can I trade in my current car for the deposit?

As a rule, you can trade in your current vehicle and use the value to pay part of the financing for your new vehicle, such as the down payment at the beginning of the contract period. Depending on your down payment amount, you can lower the monthly payments. 

 

Ask your CUPRA Retailer about this option.