Types

The car finance sector is a vibrant industry that boasts a wide variety of choice for consumers, with a broad range of product types available for those looking to borrow to buy a vehicle.

Private buyers can choose between hire-purchase or conditional sale, personal contract purchase (PCP), personal leasing or personal contract hire and personal loan.

Business customers on the hand have options including contract hire, hire/lease purchase, outright purchase and contract purchase. However, due to the complex nature of car finance deals for businesses, firms are advised to seek professional advice before committing to any deal.