Contact Us Menu Car Finance Information Our team of trained finance experts can help with the many car finance options available. They will also provide a quote that is easy to understand and free from jargon. Lookers are one of the leading car dealership groups in the UK. We offer industry leading customer service when financing a car. Whether you wish to buy a new or used car, we can provide competitive finance packages tailored to you. Which car finance option is best for your needs? There are a range of options available to help you finance your car: Personal Contract Purchase (PCP) One option that may be right for you is the Personal Contract Purchase (or PCP). Under this plan your car purchase is supported by one of our approved finance providers. Thereafter, it is your responsibility to make the monthly payments for the duration of the agreement. A portion of your car's value is deferred until the end of the agreement. This is called the Guaranteed Future Value. This is the minimum value that we can guarantee your vehicle will be worth. At the end of your agreement period, you have three options: Part-exchange the vehicle for a new car Pay the optional final payment and keep the car Return your car with no further payments (subject to terms and conditions) PERSONAL CONTRACT PURCHASE Hire Purchase (HP) HP contracts are generally simple, can be arranged quickly and are available in most car dealerships. Unlike PCP or PCH you can opt to buy your car through hire purchase (HP), at the end of the agreement the car can be yours to fully own upon payment of a final, agreed balance. After paying an initial deposit, you pay the remainder of the car value in installments, usually over a period of between one and five years. In effect you are hiring the car until you make your final payment after which you will own it. HIRE PURCHASE Personal Contract Hire (PCH) Personal Contract Hire or PCH is similar to PCP. The main difference is that ownership of the vehicle is not assumed at the end of the agreement period. Instead, the car would be handed back. PERSONAL CONTRACT HIRE Personal Loan There is also the option of a Personal Loan, which is a common way for people to buy a car on finance. Personal loans are available from banks, building societies and finance companies. The duration of the payment of a loan can vary depending on what you agree beforehand with the loan company. Loans from banks for cars are paid off over a number of years, and will have a fixed rate of interest. PERSONAL LOAN To find out more on any of these car financing options or any other ways to buy a car, please contact us today. Our finance experts can answer any questions you may have. Make an enquiry What is Hire Purchase Find out more Personal Contract Hire Find out more Finance and Dealer Disclosure Find out more Lookers Vehicle Finance Find out more Personal Contract Purchase Find out more Personal Loan Find out more For you, for life Help Terms & Conditions Cookie Policy Privacy Notice Terms of Business Modern Slavery Statement Motability Partner Specialist Automotive Finance About Us About Us Careers Gender Pay Contact Us Connect with us Our brands © Copyright Lookers plc 2021 Lookers is a trading name of Lookers Motor Group Limited which is authorised and regulated by the Financial Conduct Authority for credit broking and insurance distribution activities under reference number 309424. Introducing you to a number of lenders means we receive a commission. Lenders pay commission at different rates either as a fixed fee or as a fixed percentage of the amount you borrow. The commission that we receive does not affect the amount that you pay to the lender under the credit agreement. Credit subject to status. Your choice on cookies We use cookies to give you the best experience we can. Yes, I'm happyManage my cookies