Vehicle Finance with Autograph
At Autograph, we have a variety of vehicle finance options from an array of funders. We can supply vehicle finance contracts to both new & used vehicles. Below, you can discover a range of finance options to help you make an informed decision which product might be best for you. If you are unsure which contract type may be best for you, we will be glad to help.
Popular New Vehicle Contract Options
Personal Contract Hire
With this option, you have a personal rather than business contract. It’s a superb leasing option as you can choose any model that takes your fancy, agree a set mileage and term of the contract and simply return the vehicle at the end. This flexible leasing option ensures you can drive a brand new car every few years. What’s more, you can choose an initial down payment between three and six months, before making your regular monthly instalments. If you’re looking for a no hassle leasing opportunity, Personal Contract Hire is perfect.Read more about PCH
Business Contract Hire
Business Contract Hire agreements allow you to lease a vehicle for business purposes and receive up to a 100% reduction in VAT. This, of course, allows you to save a significant amount on your leasing contract. As with a personal contract, you’ll also be able to set the mileage and include the extra costs such as road tax and servicing. Plus, as the vehicle’s new – You won’t have to worry about MOTs. When arranging your business deal, you’ll be asked to make an initial deposit of between three to six months, before paying regular instalments over the contract’s length. This could be anywhere between 24 and 60 months.Read more about CH
With a Hire Purchase contract, you’ll end the agreement with a vehicle in your name. This differs to the usual leasing agreement, whereby you’d simply start a fresh lease. When arranging your Hire Purchase, you’ll make an initial deposit, followed by monthly instalments between 12 and 60 months. This will include the balance of the vehicle and any interest accumulated. You won’t own the vehicle until the final payment has been made, but also won’t be tied down to a set mileage. It’s a great option for those without the funds available to purchase a new vehicle outright.Read more about HP
Another option is Lease Purchase which can be thought of as a Hire Purchase contract with a Balloon Payment at the end. In a similar way to traditional Hire Purchase, you’ll make a deposit and pay regular monthly instalments. However, these will likely be smaller as at the end of the agreement you’ll make a final ‘balloon’ payment. Once all instalments and the final balloon payment have been made, the vehicle then belongs to you.Read more about LP
Personal Contract Purchase
With a Personal Contract Purchase you’ll benefit from similar perks as that of a Personal Contract Hire agreement, except there’s even more flexibility at the end of the term. As with a traditional leasing arrangement you’ll make a deposit and regular instalments. However, after your final payment, you’ll have the option to purchase the vehicle or commence with a completely new leasing contract. Don’t worry, you won’t have to pay the vehicle’s original price – Instead, the depreciation value would have been subtracted from the cost.Read more about PCP
Finance lease is an agreement that allows the use of a new vehicle without ownership, similar to contract hire. The ownership of the vehicle belongs to the finance company/lender and when the contract comes to an end and the vehicle is sold, the customer would either benefit from the profit or bear losses on its sale. The main difference between Finance Lease & Contract Hire is that the customer takes on the risk or reward of the ownership. Another difference between Finance Lease & Contract Hire, is that Finance Lease is only available to business customers which include sole traders, limited companies and partnerships.Read more about FL
Finance For Used Vehicles
At Autograph, we're able to offer some of the same finance options for used cars & vans. These options include the popular hire purchase & personal contract purchase products with very competitive rates. In order for us to supply used car & van finance, the vehicle must be sold by reputable car garage/dealership and not a private seller.
If you're interested in financing a used car or van, give us a call on 01634 687070 or drop us an enquiry through our contact form here.