Finance
We understand that buying a vehicle is a significant investment, which is why we’re committed to making the process as simple and stress-free as possible. At Efficient Car Limited, we’re here to guide you every step of the way, ensuring you feel confident and well-informed throughout your car-buying journey. To help make your next car more affordable, we offer a range of flexible finance packages tailored to suit your individual needs and budget. Whether you’re after a family hatchback or something sportier, we can help you secure a deal that gets you behind the wheel of your ideal car. Finance plays a key role for many of our customers, so we’ve partnered with trusted providers to bring you competitive rates, clear terms, and added peace of mind.
Car Finance Explained
There are three main types of finance deals that you might want to consider:
Hire Purchase
Sometimes just referred to as HP, this is a loan secured against the vehicle itself. This is a great choice for people who want to spread out the cost of their car. Typical HP deals involve a deposit and the rest of the balance is paid in instalments, plus interest. Once you’ve paid your final instalment, you own the car outright.
Personal Contract Purchase (PCP)
This is a good option for those who like to change their car every few years but don’t want to fork out a big sum each time. You will typically be asked to pay a deposit followed by monthly payments. At the end of the agreed period, for example, three years, you will have the option of paying the rest of the balance, returning the vehicle, or using any residual value on a deal with your next car.
Personal Leasing (Contract Hire)
Contract Hire deals are very much like the PCP deals described above, however, you won’t have the option to buy the car outright at the end of the deal. So, whatever your credit history, we are in a position to create the perfect finance solution for you. Get in touch with a member of our friendly team to find out what your options are.