What Car Finance Is Best For Me?

Looking for car finance but struggling to understand what is best for you? Let us help.......


The most simple and straight-forward agreement is ‘Hire Purchase' where you pay fixed monthly payments in order to spread the cost of purchasing a car over a number of years. The benefits of this agreement are that deposits are flexible whilst having fixed rates and payments make budgeting a whole lot easier. Terms available from 24 - 60 months.


Lease Purchase is best suited to cars with higher values and for customers that like to change their cars regularly. Similar to a ‘Hire Purchase Agreement' with the main difference being a balloon payment at the end of the agreement. This means that monthly payments are much less and whether you want to settle your agreement early or at the end of the agreement it is your choice. At the end of the agreement, you can part-exchange the car, re-finance the balloon payment or just pay off the balance.


Personal Contract Purchase, or PCP, is similar to Lease Purchase in that the monthly payments are offset by a final payment but the difference with PCP is that this final payment is optional. At the beginning of the agreement the future value of the car is set by the finance company and at the end of the agreement, you have the option to just hand back the keys rather than pay the final payment or part-exchange for another car. PCP suits a customer who is looking to keep the same car for the duration of the finance agreement.


Our flexible finance options are quick and convenient. You can shop and finance directly from this website, where we have detailed information about the finance options that are available.


As finance specialists, we have excellent relationships with several specialist motoring finance houses. That is why we have helped hundreds of customers secure the best finance deal for their budget. With zero deposit options available and extremely competitive interest rates, you could find that financing your next car is more affordable than you may think.


At Redrose Cars, our expertise in finance means that even if you have a poor credit rating we can help arrange finance for you.  Find the right finance deal for you here!