Vehicle Finance at Eastwood Motors
Please take a look at our videos and finance product descriptions below, these explain the different finance products we offer here at Eastwood Motors, if you require any further information please do not hesitate to contact our sales team who are here to help
Hire Purchase (HP)
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.
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
- Pay the ‘balloon’ payment and go on to own the vehicle
- Put the resale value of the car towards getting another car (this is ideal if you like to change your car every few years)
Personal Contract Hire (PCH)
A hassle-free approach to vehicle finance. This type of finance is a long-term lease of up to 4 years where you simply return the car at the end. It means there is no obligation at the end of the contract – you walk away and start again.