Ford Podium Rating
Telephone: 01505 682486

Finance

What is Personal Contract Purchase?

PCP is a finance product that is designed to reduce your monthly payments by delaying part of the repayment to the end of the agreement. The Deposit, Monthly Payment and Deferred Final Payment can all be adjusted to meet your needs. The final payment can be referred to as Guaranteed Minimum Future Value or Residual Value or sometimes a Balloon. This figure is worked out using industry data and estimated value at the end of the agreement. The final payment is guaranteed by the finance company. You can put the resale value of the car towards getting another vehicle.
For more information give us a call on 01505 805868.

What is Hire Purchase?

HP is a finance product that is one of the simplest forms of finance, if you want to own the vehicle outright at the end of the agreement, this is likely to be the product for you. There are no mileage restrictions, payments are fixed and so is the interest rate, further to paying the final instalment the vehicle is yours.
For more information give us a call on 01505 805868.

What is Personal Contract Purchase?

PCP is the most popular way to finance a car and is essentially a long-term loan agreement. Monthly repayments tend to be lower and at the end of the term, you have a few options:

  • Return the car
  • Pay the ‘balloon’ payment and go on to own the vehicle
  • Put the resale value of the car towards getting another car
  • This is ideal if you like to change your car every few years

For more information give us a call on 01505 805868.

To apply use the finance application below;

Garnock Valley Car Company Ltd trading as Garnock Valley Ford is Authorised and Regulated by the Financial Conduct Authority. (672544) Finance Subject to status. Other offers may be available but cannot be used in conjunction with this offer. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. Garnock Valley Ford, 30 Holmhead, Kilbirnie, Ayrshire, KA25 6BP. Registered Address: 4 Eaglesham Road, Clarkston, Glasgow, G76 7BT Company Registered No: SC349872 | FCA number: 672544.

We do not charge you a fee for our services. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). A customer may ask for commission disclosure at any time from our initial discussions through to the point when their agreement is set live.