Personal Finance Options

Looking to buy a car on finance? We have advice on the different options available, including PCP, HP, PCH, and which will best suit you.

Personal Finance Options

We appreciate that everyone has different needs when it comes to financing their vehicle purchase.

We offer a range of solutions which can be tailored to meet each private individual's requirements and circumstances, to make driving a new or used car from Lloyd Motor Group as affordable and simple as possible.

Browse the personal finance options we have available:

Personal Contract Purchase

Personal Contract Purchase

A popular solution for our personal customers, Personal Contract Purchase (PCP) comprises an initial deposit (which could be your current vehicle in part-exchange) and then a series of monthly payments over a fixed term (typically 12, 24, 36 or 48 months). This is followed by an Optional Final Payment, at which point you either give the car back to us and use the value of the car as a deposit for your next car, or you pay the final payment amount to own the car outright.

Hire/Lease Purchase

Hire/Lease Purchase

This is the same as PCP above, but instead of having the Optional Final Payment at the end of the term, you will have paid the full value of the car by the end of the agreement and will therefore own the car outright.

Personal Contract Hire

Personal Contract Hire

As the name suggests, this is in effect a hire agreement where you pay an initial deposit (which could be your current vehicle in part-exchange). This deposit typically amounts to a multiple of the monthly payment amount. For example, if the car is £299 a month, the deposit might be 10 times that, so £2,990. You then drive the car for the agreed hire period which includes a maximum mileage allowance and may include maintenance such as scheduled servicing. At the end of the agreement, you simply return the car and then decide on your next car.

Motability

Motability

The Motability Scheme is available to help those with disabilities or the people who care for them to own a new vehicle. We have more information about how the Motability Scheme works and who is eligible on our Motability page.

Learn More
Which Finance Solution is Right for You?

The best finance option depends on your own unique needs and budget. We're here to help you find the perfect solution so that you can get behind the wheel of your dream vehicle. 

PCP

HP

PCH

Personal Loan

Own the car from the start.

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Requires a deposit.

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Fixed monthly payments.

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Own the car at the end.

Optional

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Excess mileage charge.

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Get in Touch

With our Local Business Development Team

Simply fill in your details below and we’ll get back to you as quickly as possible. Alternatively, you can call your local branch by telephone.

We will only contact you about the vehicle, product or service you have requested details on. At Lloyd Motors Limited, we also have exciting offers and news about our products and services that we hope you’d like to hear about. We will treat your data with respect and you can find details of our privacy policy.

Customer Reviews

4.7/5

Rating based on 5,357 verified reviews

Rating based on 5,357 verified reviews

BMW-Logo
Bought my car from here. Brilliant experience. Really looked after us.
Stephen Booth
Blackpool BMW - November, 2023
MINI-Logo
MINI always puts a smile on your face. Great team that always go the extra mile for you 😀
Jay Bower
Colne MINI - November, 2023
Lloyd-Used-Car-Centre-Logo
Was there for a service and MOT and the people were great and my car passed with flying colours, so thank you all at Lloyd.
Mary Cairnie
Carlisle Used Car Centre - September, 2023
Land-Rover-Logo
Excellent service from start to finish
Gavin Oxburgh
York Land Rover - December, 2023