Finance

Find the Right Finance for Your Used Car Purchase

We understand that financing is key to making your ideal used car work for your budget. That's why at Cruze Motor Company, we're committed to securing tailored finance products for your specific needs from our panel of trusted lenders. 

Used car finance makes ownership more accessible and affordable, so rather than paying the full value for a vehicle upfront, you can spread costs over monthly installments. Trading in your current car or putting cash down upfront towards the vehicle further reduces the total amount owed against the loan.

Whether you require flexibility in monthly payments, a larger initial deposit, or a longer loan term, we work hard to explore every option thoroughly before recommending the best way forward based on your financial situation. 

As such, we offer Personal Contract Purchase (PCP) and Hire Purchase (HP) quotes on all our used vehicles in stock - below, we explain more about each of these finance products: 

What is Personal Contract Purchase (PCP) Finance? 

An increasingly popular choice, Personal Contract Purchase (PCP) lets you pay for the vehicle's forecasted depreciation with flexible monthly installments. This means you only pay the interest plus a portion of the car's value, enabling lower starting payments. At the end of your agreement term, you can elect to trade-in your vehicle, keep the car, or pay the optional final "balloon" payment and own it outright.  

What is Hire Purchase (HP) Finance?

Another popular choice among used car owners is Hire Purchase (HP) finance which enables you to own the vehicle once all repayments are made. It allows you to pay a deposit, followed by fixed monthly payments over an agreed period. Once paid off, you own the car. Compared to PCP deals, HP features longer maximum terms, spreading costs over many years.

To explore your finance options for a quality used car, contact our helpful team in Warsash today on 01489 666667 or send us an enquiry online.