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Car Finance Explained

At our dealership, we understand the significance of acquiring a vehicle and are committed to simplifying the buying experience for our valued customers. We strive to offer tailored finance solutions to help make your dream car a reality.

Finance plays a crucial role in many customers' car purchasing journey and that's why we have gone the extra mile to provide attractive finance packages with added peace of mind. As a registered dealership with the Financial Conduct Authority (FCA), we have established connections with numerous lenders across the country, ensuring convenient options for all our customers.

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Hire Purchase

Hire Purchase (HP) is for those looking to spread out the cost over time. This financing option works by securing a loan against the vehicle itself, making it a secure and reliable way to finance your dream car.

With Hire Purchase, you'll typically make a deposit and then pay the rest of the balance in manageable monthly instalments, along with interest. As you pay down the loan, you'll gradually build equity in the vehicle, until you finally own it outright after making your final payment.

Hire Purchase is a straightforward financing option that provides a clear path to ownership. So if you're looking for a way to turn your dream of owning a car into a reality, Hire Purchase could be the perfect solution for you!

Personal Contract Purchase (PCP)

Personal Contract Purchase, also known as PCP, is a popular car financing option for those who crave the excitement of driving a new vehicle every few years without breaking the bank. It's like having the best of both worlds - the flexibility to upgrade to a new ride regularly, and manageable monthly payments.

Here's how it works: you make a small initial deposit, followed by a series of monthly payments that cover the cost of the vehicle. At the end of the agreed period, typically four years, you have three choices - pay the remaining balance and own the car outright, return the car and start anew, or use any residual value towards a new PCP deal. The beauty of PCP is that it allows you to keep up with the latest car trends, without committing to a long-term financial obligation.

If you're someone who loves to stay ahead of the curve and enjoy the thrill of driving a new car, PCP might just be the perfect financing option for you!

Personal Leasing (Contract Hire)

Personal Contract Hire, a type of Contract Hire, is a car financing option that provides you with the opportunity to drive your desired vehicle without having to fully own it. It functions much like a long-term car rental, where you make monthly payments to use the vehicle for an agreed upon period of time. At the end of the contract, you simply return the car and upgrade to a newer model.

With Contract Hire, you can select a car that aligns with both your lifestyle and budget, without being burdened with the responsibilities that come with ownership such as maintenance, repairs, and resale value. This financing option offers the added benefit of predictable monthly payments, making budgeting for your vehicle much easier.

If you're seeking a flexible and stress-free way to drive a new vehicle, Personal Contract Hire could be the ideal solution for you. Drive away in the car of your dreams without committing to a long-term obligation.

Get in touch

Jermyn Motor Group Limited t/a Eastbourne MG is an appointed representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486). Permitted activities include advising on and arranging general insurance contracts and acting as a credit broker not a lender. We can introduce you to a limited number of finance providers. We do not charge fees for our Consumer Credit services. We typically receive a payment(s) or other benefits from finance providers should you decide to enter into an agreement with them, typically either a fixed fee or a fixed percentage of the amount you borrow. The payment we receive may vary between finance providers and product types. The payment received does not impact the finance rate offered. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over, Guarantees may be required.

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© 2026 Jermyn Motor Group. VAT Number: 315519157. Automotive Ecommerce websites by Bluesky Interactive

Jermyn Motor Group Limited is a credit broker and not a lender. We are Authorised and Regulated by the Financial Conduct Authority. FCA No: 544713 Finance is Subject to status. Other offers may be available but cannot be used in conjunction with this offer. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase.

Company Registration Number: 01043088

Registered Address: First Floor, West Barn, North Frith Farm, Ashes Lane, Hadlow, Tonbridge, Kent TN11 9QU

Email Address: info@jermynmotorgroup.co.uk