New Car Finance Options

Confused about your car finance options? Have a look below...

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At OSV Ltd we have a huge range of cars available through a business lease, or a personal lease. Getting the right new car finance option is vital, and it can be a little confusing – we know. We live it every day.

Below are some videos explaining the most common finance options to give you a little help in figuring out which finance option is right for you.

ultimate leasing guide
 

Contract Hire

 

Contract Hire is for businesses; quite simply, the company rents the vehicle for a period of 1 to 4 years (up to 5 years for a van).

 

Personal Contract Hire (PCH)

You pay fixed monthly rentals for the term of the contract, which can be between 1 and 4 years. At the end, the car is simply collected from your home or business address and you have nothing further to pay, as long as you keep within the contracted mileage and look after the vehicle whilst in your care.

 

Contract Purchase

The company pays monthly payments and at the end of the purchase agreement (which can be between 2 and 4 years) you would have 3 options on what to do.

 

Personal Contract Purchase (PCP)

For private individuals. You pay monthly payments and at the end of the PCP agreement (which can be between 2 and 4 years) you would have 3 options on what to do.

 

Hire Purchase

For businesses and private individuals. You pay monthly payments between 1 and 5 years and once the final payment is made, the vehicle is yours.

 

Finance Lease

The company pays a fixed monthly payment. At the end of the agreement, which can be between 1 and 4 years for a car and 5 years for a van, the vehicle is either sold to clear the final payment or you opt to extend the contract for a further year at a nominal charge, typically just 1 monthly payment.

Also Available;

Short term Contract

With contracts from 3 to 12 months with typical mileage allowances of 2000 miles a month, payments tend to be more than other schemes due to the short contract terms.

Cash

If you have cash in the bank or pre agreed credit lines with your existing bank, you can buy from OSV any make and model of vehicle in the UK.

Daily Rental

Daily Rental is offered to existing customers. Simply you pay monthly in advance and can hand the vehicle back with short notice. You need to insure the vehicle, but other than the fuel, all other costs are included in the monthly rental.

Hire Purchase And Balloon

For businesses and private individuals. You pay monthly payments between 1 and 5 years and once the final payment is made, the vehicle is yours.

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