FINANCE HELP CENTRE

We offer three finance plans: Personal Contract Purchase (PCP), Conditional Sale and Personal Contract Hire. Each plan suits different preferences. For example, you might want to make single or monthly payments, and own or return the car at the end of your term.

Find out more about each of our finance options and what they mean for you here.

With Personal Contract Purchase (PCP), you can keep your options open. You choose your deposit and term length, and have three choices at the end of your term.

The key difference between PCP and a standard Conditional Sale agreement is that rather than paying the sum of the entire vehicle over the duration of your agreement and owning it at the end, you have the option to give back your vehicle at the end of your term, or even replace it for a different vehicle on a new finance plan.

The Retailer will calculate an Optional Final Payment before your contract begins, which is a guaranteed figure and therefore remains fixed throughout your term. This Optional Final Payment is a forecast of the vehicle’s worth at the end of your finance term.

When calculating your monthly payments, the Optional Final Payment is then deducted from the cost of the vehicle, which means that your monthly payments in a PCP agreement are always likely to be cheaper than in a Conditional Sale agreement.

At the end of a PCP finance term, you have three options with Vauxhall.

Personal Contract Hire is a simple lease agreement that gives you the ability to regularly change cars and avoid the decreases in value that owning a car outright normally results in. 

Similar to a standard home rental contract, there is no option to buy the vehicle at the end of your term. You simply hand it back to the rental company and are then free to enter another agreement. Do watch out for any damage made to the vehicle during your contract, as you may be charged for this by the rental company when you return the vehicle. 

When entering a lease agreement, you will asked to choose your desired term length and anticipated annual mileage. A combination of these factors will determine the cost of the monthly payments. 

A benefit of Personal Contract Hire is that your Road Fund License will be paid for throughout the duration of your lease, and all Personal Contract Hire plans at Vauxhall come with RAC Roadside Assistance provided for the first year of your lease, with the option also of adding regular vehicle maintenance to your contract.

It depends on the finance product you choose:

• With Conditional Sale, you automatically become owner of the vehicle once the finance is repaid in full

•  With PCP finance, you have to make a final payment to keep and own the car. (We can sometimes look at refinancing the final payment to allow you to keep it.) Alternatively, you can hand the car back.

• Flexible Personal Lease (contract hire) is a long-term rental agreement. It will suit you if you don't want to buy the car at the end of your contract and won’t need to change it before the end of the contract. So you simply hire the car for an agreed period by paying fixed monthly amounts.