GCM Vehicles Limited (Firm Reference Number 1035078) is an Introducer Appointed Representative of Automotive Compliance Limited (Firm Reference Number 497010), which is authorised and regulated by the Financial Conduct Authority (FCA). Our role is limited to making introductions to Automotive Compliance Limited only.
We do not give advice or arrange finance. You can verify this information on the Financial Services Register at https://register.fca.org.uk.
Automotive Compliance Limited will pay us an introductory fee for making the introduction. This fee does not affect the interest rate, amount you borrow, or the terms of your finance agreement.
There are three main types of finance deals that you might want to consider:
Hire Purchase
Sometimes just referred to as HP, this is a loan secured against the vehicle itself. This is a great choice for people who want to spread out the cost of their car. Typical HP deals involve a deposit and the rest of the balance is paid in instalments, plus interest. Once you’ve paid your final instalment, you own the car outright.
Personal Contract Purchase (PCP)
This is a good option for those who like to change their car every few years but don’t want to fork out a big sum each time. You will typically be asked to pay a deposit followed by monthly payments. At the end of the agreed period, for example, three years, you will have the option of paying the rest of balance, returning the vehicle or using any residual value on a deal with your next car.
Personal Leasing (Contract Hire)
Contract Hire deals are very much like the PCP deals described above, however, you won’t have an option to buy the car outright at the end of the deal.
So, whatever your credit history, we are in a position to create the perfect finance solution for you. Get in touch with a member of our friendly team to find out what your options are.
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