Finance at Sportif Motor Group
Hire Purchase
You pay a deposit and pay off the value of the car in monthly instalments, with the loan being secured against the car. This means you don't own the vehicle until the last payment is made.
- Any outstanding finance must be settled if the goods are sold.
- You do not own the vehicle outright until the final payment is made.
- Your vehicle is at risk of reposession if you do not maintain the contractual payments.
- You must not sib-lease or rent the vehicle to a third party.
Personal Contract Purchase (PCP)
This is the most popular way to finance a car and is essentially a long-term loan agreement. Monthly repayments tend to be lower and at the end of the term, you have a few options:
- Return the car
- Put the resale value of the car towards getting another car
- Pay the ‘balloon’ payment and go on to own the vehicle.
- This is ideal if you like to change your car every few years.
Personal Contract Hire (PCH)
This is the most popular way to finance a car and is essentially a long-term loan agreement. Monthly repayments tend to be lower and at the end of the term, you have a few options:
Simply Drive
Simply Drive finance does exactly what it says – no worry, you simply drive away your new vehicle. On this finance option you can take care of all your servicing, car tax, warranty, breakdown cover and even insurance*, all for one monthly payment over 3 years.