At Sundon Autos, our goal is to make purchasing your next car as easy and hassle-free as possible. As a credit broker rather than a lender, we have partnered with leading UK finance providers, allowing us to offer a variety of flexible finance solutions tailored to your individual needs. With options that can include low or even 0% deposit plans, we ensure that your finance arrangements suit your budget. We understand that financing a car can sometimes feel overwhelming, which is why we’ve outlined the two main finance options available. After reviewing the options, you can quickly apply through our simple online process. Our award-winning finance team will be there to guide you every step of the way, ensuring a smooth and transparent experience. Let Sundon Autos help you find the right finance plan and take the stress out of buying your car.
Personal Contract Purchase (PCP) is a popular and flexible way to finance a used car, giving you the option to drive a vehicle that suits your needs without committing to full ownership immediately.
PCP allows you to enjoy the benefits of driving a car without the long-term commitment of ownership, as you only pay for part of the vehicle’s value. The final balloon payment at the end of the term represents the car's predicted value, which gives you the flexibility to either own the car or return it. For those who prefer flexibility and lower monthly payments, PCP is an excellent option. However, if you wish to own the vehicle outright, it’s important to note that full ownership won’t be achieved until the final payment is made. If you decide to return the car, keep in mind that you may be subject to additional charges for any excess mileage or wear and tear beyond the agreed terms. That said, PCP provides an affordable way to drive a quality vehicle while keeping your options open for the future.
Hire Purchase (HP) is a straightforward and popular way to finance a used car, offering a clear path to ownership. With an HP agreement, you make fixed monthly payments over a set term, typically between 3 to 5 years. These payments cover the full cost of the vehicle, plus any interest that may apply. Once all payments have been made, including any option to purchase or completion fees, the car becomes yours. Depending on your circumstances, an initial deposit is usually required, although some HP agreements may offer a 'zero deposit' option. HP is perfect for those who want to own their car outright and prefer the stability of fixed monthly payments. It provides a flexible way to manage the cost of a vehicle over time. However, if you enjoy frequently changing cars, HP might not be the ideal choice, as you need to complete the full term before you own the car. If you wish to trade in the vehicle or pay off the remaining balance early, this can be done through a dealer such as Sundon Autos.
