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Finance Your Vehicle at Caffyns Motorstore

At Caffyns Motorstore we have an extensive range of used vehicles at a great price waiting for new owners.

Although we understand that finance isn’t always straight forward, we have finance specialists available for you to contact helping you through the process with a range of finance options available.

If you are interested in what vehicles we have here at Caffyns Motorstore, then please visit our used car offers.

How can I finance my vehicle purchase?

Watch these short videos for information on the different types of finance available:

Personal Contract Plan (PCP)

The Personal Contract Plan allows people to change their car regularly for an affordable price, after deciding on a deposit and monthly payment. At the end of your contract, you can either:

  1. Retain your vehicle - pay off your optional final payment and own your vehicle.

  2. Return your vehicle - hand your vehicle back to Caffyns Motorstore and start again.
  3. Replace your vehicle - choose a new vehicle from Caffyns Motorstore and use any excess you have as a deposit.

Hire Purchase (HP)

Hire Purchase, also known as Conditional Sale, is one of the most common ways of financing a car and benefits from being straightforward and easy to understand.

Hire Purchase works by assuming that you will eventually want to own your vehicle at the end of your finance term, so it simply splits the total cost of your vehicle, minus your deposit, over the duration of your plan.

This means that you only pay for the cost of your vehicle and nothing more, so once the last monthly payment has been made, the vehicle is yours.

Comparing Finance Options

Use the table below to compare the differences and similarities between our finance options.

  Personal Contract Purchase (PCP) Hire Purchase (HP)
Used Cars ✓ ✓
Upfront payment Optional Optional
Monthly payments ✓ ✓
Damage charges ✓* x
Excess mileage charges ✓* x
Depreciation risk x ✓
Road tax included x x
Vehicle ownership Option to buy** Owned at the end of the term
Maintenance package x x

* Damage and excess mileage charges are only payable if the vehicle is handed back
** If you pay the Optional Final Payment, you will take ownership of the car at the end of the contract. #39364

For more information on financing your vehicle, contact Caffyns Motorstore today to speak to our experts.

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Caffyns Motorstore
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Meads Road, Eastbourne, East Sussex, BN20 7DR.
Registered In: England - 105664. VAT Reg. No. 661917910.
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Disclosure
Caffyns Public Limited Company is an appointed representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486). Permitted activities include advising on and arranging general insurance contracts and acting as a credit broker not a lender.
We can introduce you to a limited number of finance providers. We do not charge a fee for our Consumer Credit services. We do not act as a financial adviser, or fiduciary. We act in our own interest, whichever lender we introduce you to, we will typically receive commission from them based on either a fixed fee or a fixed percentage of the amount you borrow. Any and all commission amounts will be fully disclosed to you as part of your sales journey. You will be required to give your fully informed consent to our receipt of this commission. By doing this, you acknowledge that you understand our role as a credit broker, and that we will receive a financial incentive if you take out a loan from a lender that we introduce you to.
All finance applications are subject to status, terms and conditions apply, UK residents only, 18s or over, Guarantees may be required.
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