Three Jaguar cars at Portland Autos

Finance Options

To suit your needs

We have various low rate finance options and will arrange your finance in-house to ensure your car buying purchase is as smooth as possible. We partner with a huge range of reputable finance companies and together we will provide you with the best package for your needs.

Apply now

To finance your purchase

Finance Explained

Everything you need to know

If you choose to pay for your car with a Hire Purchase agreement, you will normally pay an initial deposit and will pay off the entire value of the car in monthly instalments. When all the payments are made, the Hire Purchase agreement ends and you own the car.


  • You’ll be able to drive away a car that you may not have managed to buy outright
  • Unlike a PCP or PCH contract, you won’t need to estimate your mileage at the start of your Hire Purchase agreement, so you’ll avoid excess mileage charges
  • Once you’ve made your final monthly payment, including the option to purchase fee, you’ll have full ownership of the car.


  • Monthly payments may be higher than some other finance options, such as PCP, as you’re paying off the full value of the car
  • You won’t be able to sell the car without settling the finance
  • You won’t own the car until you have made all of your repayments
  • You’ll need to keep the car properly insured, maintained and in your possession until the full value is paid off

Personal Contract Purchase (PCP) is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments.

What makes PCP different is that your monthly instalments are paying off the depreciation of the car, and not its entire value, over the course of the term. Then, when you get to the end of your agreement, there is a final, balloon payment that must be made if you want to keep the car.


At the start of your PCP contract, a Guaranteed Future Value (GFV) of the car is set. This is the car’s expected value when your contract ends.

For you, this means that the money you’re repaying is the difference between what the car is worth now and what it will be worth at the end of your contract (the depreciation) plus interest, which is calculated on the full value of the vehicle. You’ll pay this difference off in monthly instalments.

Remember: you are still liable for the full amount of the vehicle if anything happens to the car or if you settle early.

This means lower monthly payments for you, but you will need to pay a final payment at the end (the Guaranteed Future Value) if you want to keep the car.

Once your agreement is finished, you’ll have three options:

  1. Buy the car by paying the final balloon payment (the Guaranteed Future Value)
  2. Hand the car back – your finance company has already predicted the Guaranteed Future Value of the car, so handing the car back will settle the deal
  3. Part exchange for a new car


  • Monthly payments on a car financed by PCP are usually lower than if your car is financed by a Hire Purchase agreement
  • If you decide not to buy the car, you can simply walk away when you’ve made all the payments
  • Similar to PCH, you can drive away a new or used car every few years (dependent on the chosen term) without worrying about selling it on
  • If your car is worth more than the Guaranteed Future Value then you can use that equity towards a deposit on a new car


  • If you want to buy the car you will need to pay your final balloon payment (the Guaranteed Future Value)
  • Similar to a Personal Contract Hire ( PCH ) , you will need to agree on a mileage allowance at the beginning of your contract and there may be excess mileage charges if you exceed this
  • You won’t be able to sell the car without settling the finance
  • You won’t own the car until you have made all of your repayments
  • You’ll need to keep the car properly insured, maintained and in your possession until the full value is paid off


You can normally settle your deal early, however the finance company will require you to pay off the difference between what your car is worth now, and what you still owe (negative equity). On the other hand, you may find that at the end of your term your car is worth more than the Guaranteed Future Value, which means you’ll have some positive equity to contribute towards your next car.

Lease purchase works very similarly to PCP and is in essence the same concept. The major difference between the two is that the balloon payment is not a guaranteed future amount where you can simply hand the car back to the lease company.


  • You can have a lease purchase for business use which makes the monthly payments lower. In the past business purchases, have been done through hire purchase which has realised higher payments
  • You can purchase slightly older cars outside the parameters of PCP which gives slightly lower payment than hire purchase
  • Once you’ve made the final payment you own the car outright

Apply now

Quick & Easy, Safe & Secure


"James - Top bloke! Absolutely nothing was too much trouble, very knowledgeable, great stock selection - can’t thank you & the team enough for the hassle free purchase of our new motor! And of course the complimentary bottle🍷 See you when we’re ready for the next 1😃 Highly recommend!!!"
Jay Manion
"I saw a car I liked on the Portland Autos site and started communication with Adam via text message and WhatsApp. Every question was answered promptly and he could not have been more courteous or accommodating of my requirements for information, or erratic contact (I travel quite a lot and..."
Mike Simmonds
"Purchased a Porsche Cayenne from Portland. Rob dealt with purchase from start to finish in a professional, helpful & knowledgeable manner. The cars condition exceeded my expectation. I would not hesitate to recommend Portland Auto Sales"
Nigel Smith
"The initial telephone call set the scene for the continuing theme of a personalised but non pressured assistance during the purchase of a high quality car. Rob was very kind, helpful and knowledgeable and he made the process smooth and seamless. A special car, beautifully presented and now a true..."
Andrew Palmer
"I am very impressed with the service from Portland Autos, a real pleasure to deal with from start to finish. No pressure to buy, Adam was in contact throughout, answering any questions I had which really made it a great buying experience. Not only a very quick turnaround on a..."
Dan Massin
Translate »
Need Help? Chat with us