New Car Finance Options

for Public Sector Workers

Deciding how to finance your new car is an important decision and we are here to help find the right solution for you.

We work with many lenders to offer workers in the Public Sector, such as Civil Servants and those in Public Administration, different types of finance to suit them – all with special rates. These lenders include Northridge, BNP Paribas, Santander, CA Auto, Motonovo, Alphera, Mann Island, Close Brothers, and all manufacturer-led finance services, to name just a few.

We offer multiple finance options including Hire Purchase, Personal Contract Purchase and Personal Contract Hire, all of which are further explained below.

See more about our pre-approval process

Not sure if you can get finance?

Use our pre-approval service to find out now. Our soft search facility will not adversely affect your credit profile or your ability to obtain finance in the future.

Even if you have been declined credit elsewhere, we may still be able to help you.

Hire Purchase (HP)

Hire Purchase is a straightforward finance agreement, where you effectively purchase a vehicle from a finance company for an agreed period of time, and results in your ownership of your car at the end of the agreement.

Things to Consider +

Why would HP be good for me?

  • Buy now pay later options available
  • Quick and easy to arrange
  • Flexible terms, usually 12-60 months
  • Low deposits
  • Competitive fixed interest rates
  • Unrestricted mileage
  • You own the car outright at the end
  • You can settle the agreement at any time
  • Monthly payments may be higher than some other finance options, such as PCP, as you are 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

Things to Consider +

With PCP finance, you pay a monthly fee with the option, but not the obligation, to buy the car at the end of the agreement for a guaranteed future value (GFV). Your PCP agreement will be tailored to you, setting your agreed annual mileage and term. PCP differs from HP as the monthly payments only pay for the depreciation of the car, giving you a lower monthly payment.

At the end of the agreement you will have three options:

  1. Own the car outright by paying the GFV
  2. Hand the car back and end the agreement
  3. Part exchange the vehicle for another car

Why would PCP be good for me?

  • Low initial deposit and monthly payments
  • Flexible options at the end of the agreement
  • A predetermined Guaranteed Future Value, protecting you from market fluctuations

Things to Consider +

  • You will need to agree an annual mileage allowance at the beginning of the contract – There will be charges if you exceed the agreed annual mileage
  • Should you choose to keep the car at the end of the agreement you will need to pay the Guaranteed Future Value/balloon amount

Buying a car on Finance: your options compared

Monthly paymentsDeposit requiredDo you own the car?Mileage limitDamage charges
Hire Purchase (HP)HigherNoYes - at endNoNo
Personal Contract Purchase (PCP)LowerNoOptionalYes*Yes*
Personal Contract Hire / Leasing (PCH)LowerYesNoYesYes

*Only if the car is returned or traded in

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