Car finance can be confusing, but we’re here to break it down for you.
Hire Purchase (HP)
- Pay a deposit and spread the remaining cost over monthly payments.
- You own the car outright at the end.
- Higher monthly payments but no final lump sum.
Personal Contract Purchase (PCP)
- Lower monthly payments with a final “balloon payment” at the end.
- You can return the car, trade it in, or buy it outright.
- Ideal if you like upgrading regularly.
Bank Loan
- Borrow money from your bank and buy the car outright.
- You own the car immediately, but interest rates vary.
Need help choosing the right finance option? Our team at Rockstar Motors can guide you through the process!
