Personal and Business Customers

This is an agreement that allows you, at the end of the contract period, the option to purchase the vehicle, or to simply hand it back.

You pay a deposit, the number of monthly payments over the period you choose and a final payment at the end of the agreement. This final payment is optional and is called a Guaranteed Future Value (GFV).

The GFV lets you purchase a vehicle at lower monthly repayment than standard Hire Purchase agreements by deferring a proportion of the cost of the vehicle to the end of the agreement.

The GFV is determined by the finance company and varies depending on the exact vehicle and annual mileage you choose.

Ideal for those looking to reduce their monthly payment with no worries of disposing of the vehicle at the end of the agreement.

This is a favourite choice of Personal Customers if you receive a Car Allowance from your employer. 

For all customers the Contract Purchase agreements gives you full flexibility at the end of the agreement. You can choose to:

• Return the car with no more to pay if you don't exceed the contract mileage

• Keep the car by paying or refinancing the GFV

• Trade in your car and use any value over the GFV as deposit on a new car

• Sell the car and keep the profit over the GFV