Car Finance Information from Charles Hurst

Buying a car from a Charles Hurst dealership means buying from a company that offers industry leading customer service. Whether you're looking for a sleek saloon, a stylish yet practical family SUV or wish to secure a great deal on a high-quality used car, we can provide competitive finance tailored to your individual circumstances.

Our personalised finance plans will ensure you to buy in the knowledge that you're taking advantage of a purchase plan that is as well constructed as the vehicle you're driving. Situated locally, our team of trained finance experts will be able to advise you on the many options available when wishing to finance your vehicle's purchase. They will also helpfully provide a quote that is easy to understand and free from jargon.

Which car finance option is best for your needs?

There are a range of options available to help you finance your car. One option that may be right for you is the Personal Contract Purchase (or PCP). Under this plan your car purchase will be supported by one of our approved finance providers. Thereafter it will be your responsibility to make the agreed monthly payments for the duration of the agreement. A portion of your car's value will be deferred until the end of the agreement – called the Guaranteed Future Value – which is the minimum value that we can guarantee your vehicle will be worth. At the end of your agreement period, you will be presented with three options: part-exchange the vehicle for a new car, pay the optional final payment and retain the car or return your car with no further payments (subject to terms and conditions).

Personal Contract Hire or PCH works in a similar way to PCP, the main difference is that ownership of the vehicle would not be assumed at the end of the agreement period and instead the car would be handed back. However another vehicle could then be chosen under the same scheme (subject to credit checks).

Alternatively you may opt to buy your car through hire purchase (HP). After paying an initial deposit, you then pay the remainder of the value of the car in installments, normally over a period of between one and five years. In effect you are hiring the car until you make your final payment after which you will own it.

There is also the option of a Personal Loan, which is a common way for people to buy a car on finance. Personal loans can be taken from banks, building societies and finance companies and duration of the payment of the loan can vary depending on what you agree beforehand with the loan company. Loans from banks for cars can be paid off over a number of years, and will have a fixed rate of interest.

Please see our pages on each of these finance options for more detail. We also have some helpful videos which provide more information on each finance option. To find out more on any of these options or about any other ways to make a car purchase, please contact us today. One of our finance experts will be delighted to answer any questions you may have and guide you through the variety of car financing options on offer.

Personal Contract Purchase

Hire Purchase

Personal Contract Hire

Personal Loan