Sign up to the Carbuyer newsletter. The new registration plate was released at the start of March. The launch of a new registration plate traditionally heralds an increase in car sales, as some buyers like to wait to buy their new cars so that they have the latest plate - in this case, the plate. Last year was rather disappointing when it came to car sales figures , so dealers the length and breadth of the country will be keen to get your custom with some tempting new car deals. The time of the plate change is a good period to try and tempt potential buyers with some attractive offers. As a result, offers abound on both new and nearly new cars.
Best new car deals
Authorised and Regulated by the Financial Conduct Authority. Finance available subject to status. Indemnities may be required. Other finance offers may be available but cannot be used in conjunction with this offer. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. We are only able to offer finance products from these providers. Carbase is a Credit Broker not a Lender. Representative APR As a family run company we are committed to a customer-focused approach to business where trust, transparency and fairness are paramount, and this applies to all our finance deals.
The long-term relationship we enjoy with our customers is testament to the quality of the customer experience they receive, the Carbase Cars they buy and the value of the finance we are able to provide. Do you like changing your car regularly but don t want to pay high monthly fees? A Personal Contract Purchase may be the right car finance option for you. With a range of low cost rates available we can tailor your car finance to your needs ensuring you don t pay too much for your new used car.
Our sales team will help you identify how much you can afford and help you find the car that suits your needs. Our responsible and tailored used car service ensures you get the right car and a price you can afford. Personal Contract Payment PCP is a finance product that reduces the monthly payments by delaying part of the repayment until the end of the deal.
It offers a wide range of flexibility with monthly payments, annual mileage and deposit all adjustable to meet your needs. You can also settle your agreement at any time. All these factors play a part in how much you pay back each month. PCP is a very flexible method of payment. As with Hire Purchase, the more you put down as a deposit, the less you will pay back each month, however with PCP a low annual mileage can also mean that you pay less per month. An accurate mileage prediction is important for PCP as it affects the residual value of the car so it is important to give clear and accurate information to your Business Manager as penalties can apply if you exceed your stated mileage.
At Carbase, if you choose to finish your finance deal early, whether that s due to a change in circumstances or wanting to buy the car, you can return the car for a valuation. This valuation will calculate a settlement figure, which is the amount that you are required to pay to close the finance deal, and we can also offer you the option to purchase the car. Once you have the valuation settlement figure, you will then have two options: Unlike a personal loan or Hire Purchase HP , you can get behind the wheel of a new used car for lower monthly repayment costs.
It ll also let you fit the monthly payments to suit your budget, so you could buy or borrow a more expensive car than you might not have been able to afford outright. Since PCP finance deals are only offered on new or nearly-new cars, it s less likely that you ll need to fork out for repairs, so you ll be able to fit it into your finances more easily. Also, since the cars have a minimum sum s worth at the end of your contract, you won t need to worry about the future trade-in or resale value of it.
Finally, a PCP deal is flexible - you ll have several options at the end of your contract, meaning you ll be able to decide whether you want to buy the car or not. As with other car finance deals, you won t own the car during the period of time before your contract ends. You also won t automatically own it when the contract finishes - you ll have to pay a balloon payment to own the car beyond your contract.
If the predicted balloon payment - the minimum future value of the car - is very close to the actual value of the car when you reach the end of your contract, you will have very little money to roll over to use for the deposit on another car, if you choose not to buy the car you currently have and instead trade it in for a new vehicle. If there isn t any difference, you ll have to come up with the finance for another deposit if you want to start a new PCP finance deal.
There are a few charges that you could face when you hand the car back or trade it in. At the beginning of your finance deal, you will be asked to specify how far you ll drive the car each year. If you go over the agreed limit, you can be charged between 7pp for each mile you are over - it s important to carefully check your finance agreement for the exact figure. The future value is also dependent on keeping the car in good condition, so you ll be charged extra to put right anything that s not simply wear and tear damage.
If you re not sure whether PCP finance is the right finance option for you, why not consider Hire Purchase finance? Read more about HP finance here. If you re wondering whether you d be able to take out a PCP finance plan due to your credit score, we can assist you. You can compare finance deals from a panel of lenders with your credit rating, from excellent to bad credit, by using our Free Car Finance Check. This will use a quotation search to show your likelihood of acceptance for a finance plan without affecting your credit rating.
Annual Mileage 6, miles p. HP PCP. Key facts Reduced monthly payments Deferred final payment Settle agreement at any time At the end you can keep the car by paying a balloon payment, return it or part exchange if for a new one. Simple Car Finance Deals from 6. What is Personal Contract Purchase Finance? Benefits of PCP Lower monthly payments than Hire Purchase or a Personal Loan The ability to drive a more expensive car The future value of the car is guaranteed by the finance company Multiple options open to you at the end of the deal.
Can I finish PCP early pay off or cancel? Disadvantages of PCP As with other car finance deals, you won t own the car during the period of time before your contract ends. How does my credit history affect the interest rate on my finance plan? Gearbox Manual Automatic. Mileage Up to 10, miles Up to 20, miles Up to 30, miles Up to 40, miles Up to 50, miles Up to 60, miles Up to 70, miles Up to 80, miles Up to 90, miles Up to , miles Up to , miles Up to , miles Up to , miles Up to , miles Up to , miles.
Full price Monthly. Term 24 months - 2 years 30 months 36 months - 3 years 42 months 48 months - 4 years 54 months 60 months - 5 years. Matches in stock: Search Reset. Got It More Info.
PCP car deals: the facts, plus the pros and cons
At Lookers, we have a selection of new car deals, as well as offers on a range of used makes and models. As well as car deals, we have special offers on servicing, finance options and Motability vehicles. Many of our Motability deals include Nil Advance Payment and offer our Motability customers excellent value for money while our flexible finance packages can be tailored to suit your circumstances. PCP is essentially a lease plan. You will not own the car at the end of the period, however if you are a driver who loves to change car and access new models every few years this could work very well for you. Hire Purchase meanwhile allows you to spread the cost of ownership over a fixed period, which can be very helpful when budgeting.
Authorised and Regulated by the Financial Conduct Authority. Finance available subject to status.
If you are considering car finance take a look at our video guides explaining how PCP works, what PCH personal leasing is, and the ins and outs of Hire Purchase. With car finance splitting the cost of a new car into affordable chunks, the best deals mean that you can get a more upmarket or higher-spec car than you might expect, all without breaking the bank. And you ll want to check our top tips for getting the best car finance deal to ensure you get the best bang for your buck. Looking to run a brand-new car for the lowest possible monthly payment? If you re not concerned about the option to own the car at the end of the contract, PCH personal leasing could be perfect.
New cars for sale with 0% finance
If you want to buy a new car, you have two options. You can either buy the car outright with a cash purchase, or you can get a finance deal. This type of finance allows you to buy a new car for around the same price as a three-year old one, because you re usually only financing around half the value of the car. PCP deals are so popular because they allow you to buy a car which might otherwise have been out of your budget. It can be hard work to find the best such deals, but What Car? Find a great deal with What Car?WATCH THE VIDEO ON THEME: Top 10 best cars for less than £150 per month - Carbuyer
PCP Lease Deals
What happens at the end of a PCP. This is because instead of paying off the entire value of the car over the term of the agreement, the customer is only paying off the depreciation. Depreciation is usually the biggest cost associated with owning a new car. With a PCP, the customer gets the benefit of a new car without having to pay for the vehicle outright. As the car will have an agreed value at the end of the term, the servicing schedule must be maintained, and there will be a cash penalty for exceeding an agreed mileage, typically set at 10, miles a year. If you usually change your new car every few years, a PCP could likely be the most cost effective way of procuring a car. If you typically keep a vehicle for longer or are a high mileage driver, then hire purchase could be a better way of financing it. The Picanto is blessed with the charm and sophistication of a bigger and more expensive car. Buying a car via a PCP scheme has become increasingly popular in recent years - but how do you know what you re being offered is good value? We ve put together this list of PCP deals, which we think are the best value and often the cheapest.
Current car & finance offers
Evans Halshaw is the biggest new car retailer in the UK, selling vehicles through a network of nationwide locations. From Ford in Fife, Scotland to Vauxhall on the south coast, we offer fantastic new car deals to a large market all over the UK. As well as having coverage across the UK, we also offer an extensive range of new cars. We have partnerships with 10 of the world s leading and most popular car manufacturers, meaning there s a huge selection of vehicles available to our customers from new SUVs to new city cars. In addition to the choice on offer, we also ensure our customers pay the lowest price on the market thanks to our Price Guarantee. At every dealership there are specialist new car Sales Executives and finance specialists who will help you find the ideal vehicle that meets your requirements. As well as new car sales, each location has a workshop offering MOTs, repairs and manufacturer approved car servicing.
Best new car deals: top leasing, PCP and cash offers
Submit an enquiry, get accepted for leasing finance and then have your car delivered to your door. Personal Contract Purchase, or PCP, is a fantastic way for customers to drive away in a great value vehicle. All stages were carried out prompt and professionally by the advisor dealing with me. A whole raft of new leg Hippo Leasing helps younger drivers get into new and used lease vehicles every single day. Over the decade that we have A sports car with a conscience? Drivers committing serious motoring offences, such as driving under the influence of alcohol or drugs; not stopping at t
Great cars on PCP deals
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Here are some of the best cars you can buy on a PCP deal. View gallery.
Top Family cars for under £ a month
Family budgets are being squeezed, with rising fuel and insurance costs making it harder for many to make ends meet. Here are the 10 best family car PCP deals on the market right now. As always, check the details of your specific agreement and read the small print. What is a PCP? Read more. The seventh-generation Golf is the benchmark for all modern hatchbacks. It has won countless awards thanks to its blend of impeccable on-road manners, comfort, refinement and quality. For example, for an SE Nav version with the 1. To read our full review of the Volkswagen Golf click here. Stop worrying about expensive car repair bills with a MotorEasy car warranty. There s a good chance you ve heard of GAP insurance, but an equally good chance you don t know exactly what it is. Recently Asked Questions Is there a secure way to prevent keyless theft like an engine immobiliser?
Personal Contract Purchase
Solutions PCP is a simple way to keep your options open. We ll agree a future value for your car upfront, based on how much you drive. At the end of your agreement you can choose to trade your Volkswagen in for a new one, keep it, or hand it back, without a worry in the world about how much it s worth at the end of your contract. Deposit Pay your deposit, which can be made up of part-exchange or cash and can be as little as the value of one repayment. Your repayment period Choose any period between 18 to 48 months its completely up to you. Mileage per year Decide your annual mileage. If you fancy a change you can simply part exchange your car for a different Volkswagen on a new Solutions contract 2. If you love your Volkswagen you can pay the option to purchase fee and the optional final payment then take full ownership of the vehicle 3. If you don t want to upgrade or keep it, as long as it s been loved, you can simply give it back. However, depending how far you are in to your agreement will affect the final amount left to pay.
There are many options open to buyers who want a new car without paying for it in one lump sum. One of the most common options is a Personal Contract Purchase PCP deal, a type of vehicle finance that allows buyers to pay for a new vehicle on a monthly basis over two to four years. The flexibility offered by these finance schemes has led to their popularity, with four in five cars purchased in the UK now being tied to a PCP agreement. Unlike conventional loans, where customers pay off the entire value of a car, buyers hand back the vehicle at the end of the finance period. This amount is then added to the deposit you place on the car, which helps brings down the monthly payments. Buyers next select the amount of money they want to borrow. This depends on the contract period, usually between 24 and 48 months, and the deposit amount. Dealers then add interest on top of the monthly payments. The remaining value of the car can also be put towards the downpayment of a new PCP deal. Buyers can, however, simply hand back the keys to the dealer at the end of the contract without paying a final fee or taking out another PCP deal. This is because, in most cases, buyers pay lower upfront costs than with a traditional finance scheme. Finally, the majority of car warranties last for around three years, the reviews site says.VIDEO ON THEME: Negative Equity on New Cars - PCP example tutorial