Leasing Guide

How is the price of a Hire Purchase calculated?

Find out how the price of your Hire Purchase is calculated...
How is the price of a Hire Purchase calculated?
When looking at different finance agreements, it’s important you know how the price of each is calculated. This will help you make an informed decision as to which finance agreement is right for you, and gives you complete transparency, so you know exactly what you are paying for.We think this is a really important aspect of your journey as a buyer, and it’s vital that you fully understand where your money is going.So, in this article, we’ll look at how the cost of a hire purchase is calculated, and what sort of things affect it. A hire purchase, as it’s a finance agreement, is calculated differently to a lease contract like a contract hire, for example...

Personal Contract Purchase vs. Personal Contract Hire

What's the difference between Personal Contract Purchase and Personal Contract Hire?
Personal Contract Purchase vs Personal Contract Hire
One of the biggest decisions you will make when it comes to choosing a new car is what sort of finance agreement you are going to get.We get asked quite a lot about the differences between personal contract purchase and personal contract hire. It’s understandable, they are quite similar. However, there are some key differences that could be the decider in which agreement is best for you. So, in this article we’ll be looking at what personal contract purchase is, what personal contract hire is, and the main differences between the two. What is personal contract purchase? Designed for private individuals, personal contract purchase offers more flexibility than other agreements...

What is Guaranteed Minimum Future Value?

We look into Guaranteed Minimum Future Value, also known as GMFV or a balloon payment
What is Gauranteed Minimum Future Value?
Guaranteed Minimum Future Value (sometimes also referred to as the GMFV, Optional Final Payment or Balloon Payment) is the amount that a car or van will be worth at the end of your contract term as calculated by your finance company.

Can I guarantee I get car finance?

What can I do to make sure I get car finance?
How can I get guaranteed car finance?
If we’re being honest, there isn’t actually any way you can 100% guarantee car finance. However, this isn’t an article filled with doom and gloom because there are ways that you can increase your chances of getting a car finance application approved. In this article we look at the ways you can improve your chances, if you are a student, on benefits or have a low income.

Can I lease a car if I have bad credit?

In short, yes. Leasing a car with a poor credit history is now an option
Can I lease a car if I have bad credit?
So, you want to lease a car. The problem is you have a less than perfect credit score. Maybe you’ve paid one or two bills a bit late, which has resulted in a low credit rating and it feels like you’re never going to get the car you want or need. However, this isn’t always the case. There could be a chance that you can still lease a car. In this article we look at the things that can affect your credit score and the ways you can still lease a car if your credit score is less than ideal.

Is it worth having a company car?

We look at whether having a company car is still worth it...
Company cars have always been popular. They can be a great incentive to staff and prove a good way to attract the best candidates to work at your company.But the changes occurring to tax benefits may have many questioning whether it's still worth having a company car. In this article, we look at whether a company car is still worth it, and what the alternatives are.

Can I get car finance with a Guarantor?

If I have a Guarantor will I be able to get car finance?
Can I get car finance with a guarantor
If you're having difficulty getting approved for car finance, then you might want to consider using a guarantor. But, what exactly is a guarantor? And, how do they help you get car finance? Using a guarantor is not a new concept nor is it uncommon for things such as mortgages. It is more uncommon to be used when it comes to car leasing. But, it can be advantageous and is definitely something you should consider. In this article, we look at what a guarantor is, and how they can help you get approved for car finance.

What happens if I can’t make my car repayments?

I've lost my job and I can no longer keep up the repayments on my lease car
If you find yourself in the unenviable position of having lost your job then it's possible you will find that you are no longer able to keep up the repayments on your lease vehicle. It can be incredibly stressful if you do find yourself in this situation and it's easy for panic to take over. In this article we talk about some of the options that are open to you if you do find yourself in financial difficulty.

Can I get car finance on someone else’s behalf?

Everything you need to know about car finance for someone else...
There might be an occasion where you want to lease, or finance, a car for somebody else. Whether it be your child, your partner or someone else close to you, you could be wondering whether you can get car finance on someone else’s behalf.Is it possible?In this article, we look at whether you can get car finance on someone else’s behalf and alternative options.

Why is Business Contract Hire cheaper than Personal?

Is Business Contract Hire cheaper than Personal Contract Hire?
Why is business contract hire cheaper than personal contract hire
Is Business Contract Hire cheaper than Personal Contract Hire? The question is a completely valid one, of course, because everyone wants to get the best deal they can. If you have the option of leasing a car through a business then you will definitely want to know if that is the cheaper option. In this article we will look at the main differences between Business and Personal Contract Hire, as well as the pros and cons of both options, so that you are well-informed before you make a decision.
Back to top