Car Finance Types
sweatingoutpd.com -Car Finance Types Hire purchase. This is a simple type of car finance. You usually pay a deposit of around 10%, then you make fixed monthly payments over an agreed period.
Car Finance Types plained. More and more buyers are choosing finance to fund their dream cars. There are several types of car finance, each with their pros and cons – read on to work out which is right for you. All types of finance aim to help you drive your dream car without needing a cash lump sum to pay for it upfront. The most widely recognised and popular option is personal contract purchase (PCP), but other finance methods such as hire purchase (HP) and leasing are steadily gaining popularity. There’s also
Car finance explained. Car finance might seem daunting, but in reality it's just a simple two-stage process. The first stage is to decide on the type of deal you want: loan, lease, hire purchase, or dealer finance.
Types of car finance. Personal or car loan The loan is probably the simplest financial product to understand: a financial institution lends you a big wad of cash and you use it to buy something.