We understand that purchasing a vehicle is a significant investment for most people, and we are dedicated to making the buying process as straightforward and hassle-free as possible.
We can help you create a finance package that could get you behind the wheel of your dream car.
Finance is often a major part of our customers’ car-buying journeys, so we have taken the necessary steps to offer great packages as well as peace of mind.
Car Finance Explained
There are three main types of finance deals that you might want to consider:
Hire Purchase (HP)
HP is a loan secured against the vehicle itself. This is an excellent choice for people who want to spread out the cost of their car. Typical HP deals involve a deposit, with the rest of the balance paid in instalments, plus interest. Once you’ve paid your final instalment, you own the car outright.
Personal Contract Purchase (PCP)
PCP is a good option for those who like to change their car every few years but don’t want to pay a large sum each time. You will typically be asked to pay a deposit followed by monthly payments. At the end of the agreed period, for example, three years, you will have the option of paying the rest of the balance, returning the vehicle, or using any residual value on a deal for your next car.
Personal Leasing (Contract Hire)
Contract Hire deals are similar to PCP deals, but you won’t have the option to buy the car outright at the end of the deal.
Whatever your credit history, we are in a position to create the perfect finance solution for you.
We work with a panel of lenders from whom we may receive commission. This commission will either be at a fixed rate or a percentage of the amount borrowed.
Get in touch with a member of our friendly team to find out what your options are.
Why Finance Through a Dealership?
What is Hire Purchase?
What is Personal Contract Purchase?
Next Motors is registered in England and Wales under company number: 13353754.
Next Motors is authorised and regulated by the Financial Conduct Authority (FCA No - 1014989).
We act as a credit broker, not a lender. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. (Written Quotation available upon request). Whichever lender we introduce you to, we will typically receive a commission from them (either a fixed fee or fixed percentage of the amount you borrow) this will not affect the rate you are offered or the amount you will pay back. The lenders we work with could pay commissions at different rates. All finance is subject to status and income. Terms and conditions apply. Applicants must be 18 years or older. We are only able to offer finance products from these providers.