Car Finance Information

Here at Research Garage Group we offer only the best customer service when financing a car. Whether it’s a new or used car, we can provide competitive finance packages to suit you. Our finance experts can help you through all of the car finance options available. We are also here to provide an understandable quote for what ever it is you may need.

Which car finance option is best for you?

There are a range of options available to help you finance your car, from Personal Contract Purchase (PCP) to Hire Purchase (HP), we have it all to suit your needs.

Personal Contract Purchase (PCP)

Simply choose the car you wish to drive, agree your annual mileage and decide your hire period of between 24 and 60 months. Choose whether to include a full maintenance package within the monthly rental. Your rental is calculated based on your choices. At the end of your term, simply return the car to us (within the agreed mileage and in good condition), choose your next car and start again.

  • Low initial outlay and regular rentals for easy budgeting.
  • Road Fund Licence included for the duration of your contract.
  • The optional maintenance package brings all your running costs together in a single rental.
  • Flexibility to change your contract term and mileage should your circumstances change.
  • No concerns over the future value of your car.
  • You don’t have the worry of selling your car at the end of your contract.

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PERSONAL CONTRACT HIRE (PCH)

Contract Hire is designed for people requiring fixed monthly rentals with no risk of depreciation. The rental charged can include a wide range of additional options.

Key features and benefits:

  • Low initial outlay – usually 3 or 6 months rentals in advance.
  • Fixed rentals for the full contract period based on a set annual mileage which you decide.
  • Contract periods between 12 – 48 months.
  • Vehicle Excise Duty (tax), along with breakdown cover are included in your monthly rentals.
  • Can include a maintenance package if requested.
  • No depreciation risk.
  • Rentals can be offset against taxable profits for maximum tax efficiency.
  • All of the VAT paid on rentals is recoverable for commercial vehicles.
  • At the end of the agreement, simply return your vehicle and pay no further charge (provided mileage is within agreed limit and the vehicle has only sustained normal wear and tear).

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Hire Purchase (HP)

Simply choose the car you wish to purchase the amount of deposit you want to pay and decide your agreement term of between 12 and 60 months. Any deposit is deducted from the price of your car. You make regular payments based on the remaining balance plus the agreement interest. Once all payments have been made, you will own your car outright.

  • Helps you budget with fixed monthly payments
  • Choose your deposit and agreement term to suit your needs
  • You own your car at the end of the agreement with no deferred lump sum to pay

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Lease Purchase (LP)

Lease Purchase is very similar to Contract Purchase and in effect means that you pay a set monthly amount based on the anticipated re-sale value of the vehicle at the end of the contract. Naturally, the length of the agreement and the miles driven have a direct impact on this residual value but the type of car also makes a difference, with high-end vehicles typically holding their value better than entry level models.

At the end of the contract you are committed to buying the vehicle for an agreed sum. So, a higher deposit will mean lower monthly payments and less to pay at the end of the contract. In addition, rates are typically cheaper than Hire Purchase, however you do need to be sure that their are enough funds on hand to pay the balloon payment when it becomes due.

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Passport Pro

Available at our Peugeot Business Centre

  • Passport pro is available for 3 and 4 year contracts
  • The finance rate is 6.9% APR
  • A purchase product for vans which can be structured to suit your budget as only part of the vehicle is repaid over the term of the agreement. At the end of the contract you have 3 options one of which leads to eventual ownership. (1) pay the amount we thought you van would be worth at the end of your agreement and own the van outright 2) return the van to Peugeot with nothing to pay subject to mileage and vehicle condition 3) part exchange your van for a new one and enjoy that new van motoring experience all over again.)
  • Fixed monthly payments which are lower than traditional finance methods due to balloon payment at the end
  • Vehicles are treated as an asset and appear on your balance sheet
  • No VAT on payments
  • No depreciation worries or risks

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