Finance Options

Confused about the finance options available? We’re here to help…

At OSV Ltd we have a huge range of cars and vans available to you via a number of different business and personal options, including cash purchase. We know that getting the right finance option is vital, and with so much information we know it can be confusing.

We have put together some videos explaining the most common finance options to give you a little information and help you to figure out which finance option is the right one for you.

CONTRACT HIRE


Are you a business owner who is looking to rent a car for a period of 1 to 4 years? Or, perhaps you’d like a van for up to 5 years? Maybe you’re looking to rent a vehicle through your company? Contract Hire allows you to rent a car for 1 to 4 years (or a van for 5).

Once the rental period is over the vehicle is collected and the contract is complete. Let’s dive into the details of contract Contract hire Hire and it’s pro’s and con’s.

PERSONAL CONTRACT HIRE (PCH)


As an individual, you might be looking to rent a car for 1 to 4 years. If so, then Personal Contract Hire might be the ideal choice for you.

For the duration of your contract you make fixed monthly payments. At the end of your contract the car is collected and you have nothing more to pay, as long as you’ve kept to the mileage agreed at the start of your contract and you’ve looked after the vehicle while it was in your care. So why would Personal Contract Hire be suitable for you?

CONTRACT PURCHASE


Being a business owner can mean you need a new vehicle for between 2 and 4 years, with fixed monthly payments and you need options as to what to do with the vehicle at the end of the contract. If that’s you, then Contract Purchase could be the solution.

At the end of your agreement you have 3 options on what to do: buy, return or part exchange. Do you need to further understand Contract Purchase?

PERSONAL CONTRACT PURCHASE (PCP)


Are you looking to get a new car or van for between 2 to 4 years but you aren’t sure what you want to do at the end of the agreement? If this is you then a Personal Contract Purchase could be the solution.

You make fixed monthly payments and at the end of the PCP agreement (which can be for a period of between 2 and 4 years) you have 3 options; buy, return or part exchange. Let’s look at Personal Contract Purchase in more detail…

HIRE PURCHASE


Are you a business or a private individual that wants to be able to own their new car at the end? If that sounds like you, then Hire Purchase could be your best option.

For a period of between 1 and 5 years you make monthly payments and once the final payment has been made the vehicle is yours. But what cons come with Hire Purchase?

FINANCE LEASE


As a business owner who needs a new car or van, would you like a bit of flexibility when the agreement ends? If so, a Finance Lease could work for you.

You make fixed monthly payments for the duration of the agreement, which can be between 1 and 4 years for a car (and up to 5 years for a van).

At the end of the term you have two choices: the vehicle is sold to clear the final payment, or you can extend the contract for a further year for a nominal fee (which is usually the cost of 1 monthly payment). Are you ready to explore the details of Finance Lease?

SHORT TERM CONTRACT


Do you need a car for between 3 to 12 months? Perhaps you’ve hired some contract workers and they need cars to carry out their job? If so, then a short term contract could be for you.

With typical mileage allowance of 2,000 miles a month and duration of between 3 to 12 months, it could be ideal for you. Is a Short Term Contract best suited to your requirements?

CASH


Do you have cash in the bank, or a pre-agreed credit line with your existing bank? With a Cash Purchase you can buy any make or model of vehicle in the UK from OSV. Let’s understand both the advantages and disadvantages of a Cash Purchase…

LOST WITH CAR LEASING?

If you need more information we can help. Download our in-depth car leasing guide.

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