Premier Finance Solutions

Hire Purchase

If you want to pay for the car with instalments but own it outright at the end then Hire Purchase is the way forward. Straightforward deposit or use your old car, followed by an agreed period of payments. Once the final payment plus any option to purchase fee is paid...the car is yours!

Lease Purchase

Lease Purchase works in the same way as Hire Purchase but with a residual value (balloon) at the end.

So, you borrow the full amount (after any deposit) but now you have an agreed amount deferred to the final payment. This reduces your monthly payments significantly and you can re-finance the balloon if necessary.

You can still change your car at any time.

Personal Leasing

An agreement with a finance company where you effectively rent the car for an agreed term and then hand it back.

The rentals may include maintenance for the vehicle and are subject to VAT.

A good “non risk” option, but can be restrictive and sometimes expensive.

Personal Contract Purchase (PCP)

Much like Lease Purchase, but now the balloon is a Guaranteed Future Value set by the Finance Company.

At the end of the agreement and subject to mileage and condition, you may be able to hand the car back to the finance with nothing more to pay.

Like Contract Hire, the option of handing a car back can sometimes be expensive.