HOME BUY ONLINE OUR BRANDS NEW USED OFFERS AFTERSALES MOTABILITY BUSINESS CAREERS MORE My Account Back You are here: Homepage > Finance FINANCE OPTIONS WITH WILLIAMS GROUP When investing in any new vehicle, understanding the various purchasing options is key. At Williams Group, we’re delighted to be able to help make buying quick, easy, and affordable, with Personal Contract Purchase, Personal Contract Hire and Hire Purchase agreements available. Learn more about these options and discover how you can spread the cost into manageable repayments. VIEW OFFERS What is Personal Contract Purchase (PCP)? Personal Contract Purchase agreements are ideal for those wishing to invest in a new car on a regular basis, enabling you to pay an initial deposit followed by fixed monthly repayments over an agreed period of time. Instead of the full value of the car, however, these repayments cover the depreciation in value of the car over the course of the agreement. At the end of the scheme, you will have the option to return the vehicle, trade in for a new agreement, or pay a final balloon payment - known as the Guaranteed Future Value - to buy outright. How does PCP actually work? What are the advantages of PCP? What should you consider when option for a PCP? Can I settle my PCP agreement early? VIEW VEHICLES VIDEOS ON PCP What is Hire Purchase (HP)? A Hire Purchase scheme is arguably the most common and straightforward form of vehicle finance. It’s chosen by those who want to own their vehicle outright, but need to spread the cost over fixed instalments. Following payment of an initial deposit, you will agree to a remaining term in which to pay off the outstanding balance, meaning you will be the overall owner of the vehicle at the end of the term. How does HP actually work? What are the advantages of HP? What should you consider when option for a HP? Can I settle my HP agreement early? VIEW VEHICLES VIDEOS ON HP What is Personal Contract Purchase (PCH)? Personal Contract Hire is sometimes referred to as Personal Lease, and is a hassle-free way for customers to obtain a vehicle for an extended period of time. It’s a long-term hire agreement whereby you lease the vehicle with fixed monthly payments and then return it at the end of the agreement. How does PCH actually work? What are the advantages of PCH? What should you consider when option for a PCH? Can I settle my PCH agreement early? VIEW VEHICLES VIDEOS ON PCH Why Buy Online? Got a question or need help with an electric vehicle? If you're looking for your next vehicle, our teams across the country will be happy to assist to help meet and exceed your requirements. Click on the link below to get in contact with your local retailer. FIND OUT MORE GET IN TOUCH Whatever your question or feedback we are here to help. So please feel free to contact us. MAKE AN ENQUIRY FIND US JOIN OUR JOURNEY Immerse yourself even deeper. Visit our social channels. Cookies Terms & Conditions Site Map Careers Privacy Legal Data Preferences Gender Pay Gap Slavery 2 Vincent Way, Raikes Lane, United Kingdom, BL3 2NB Reg. Company Number: 597708 VAT Reg. No. GB 732 5259 39 Financial Disclosure Williams Motor Co (Holdings) Ltd is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Williams Motor Co (Holdings) Ltd to act as a credit broker, not as a lender, for the introduction to a limited number of lenders and to act as an agent on behalf of the insurer for insurance distribution activities only. Read More NetDirector ® - Automotive Ecommerce change cookie settings This site uses cookies and related technologies for site operation, analytics and third party advertising purposes as described in our Privacy and Data Processing Policy. You may choose to consent to our use of these technologies, or further manage your preferences. To opt-out of sharing with third parties information related to these technologies, select "Manage Settings" or submit a Do Not Sell My Personal Information request. MANAGE SETTINGS ACCEPT RECOMMENDED