Quick Links
Find us
Contact us
Careers
Book a service
Buy online
Toyota
Find us
Menu

Contact

Close
Contact
Call Us
Back
You are here:

Car Finance

Here at RRG Group, we aim to help make purchasing your next vehicle with finance as easy as possible. We do this by offering some of the most popular repayment schemes, including Personal Contract Purchase and Hire Purchase agreements.
Tailor Your Finance
Make an Enquiry
Our Dealerships
Free Credit Check
What is Personal Contract Purchase (PCP)?
One of the more affordable financing schemes available for buying a vehicle is PCP. This scheme enables you to pay an initial deposit followed by fixed monthly repayments over an agreed period of time. At the end of the term, you will have the option to return the vehicle. PCP is ideal for those wanting lower monthly costs, with the payments covering the anticipated depreciation in value of the vehicle.

What are the advantages of PCP?

  • Monthly repayments are often lower thanks to only paying off the depreciation in the vehicle’s value
  • Flexibility to return the vehicle at the end of the agreement with nothing else to pay
  • Should the vehicle be worth more than the Guaranteed Future Value, this equity can be put toward the deposit on another vehicle

What should you consider when opting for PCP?

  • Consider whether you’re happy to return the car at the end of the agreement
  • Your annual mileage will form an integral part of the financial agreement
  • Mileage in excess of this figure will be charged at an additional cost
  • You will be unable to sell the vehicle
  • Servicing and maintenance will need to be covered according to the agreement

Can I settle my PCP agreement early?

Yes. Your finance company will be able to provide you with an early settlement figure. You could, however, be required to pay the difference between the value of your car and what you owe if you find yourself in negative equity because you are settling earlier than anticipated.


View Vehicles on PCP
Videos on PCP
What is Hire Purchase (HP)?
Hire Purchase is perhaps the most straightforward purchasing scheme around.
Quite simply, it’s a case of paying a deposit followed by fixed monthly repayments that are paying off the outstanding balance of the vehicle. At the end of the term, you will be the outright owner of the vehicle.

What are the advantages of HP?​

  • Spread the cost of a new or used car over an agreed period of time
  • Become the overall owner of the vehicle at the end of the agreed term
  • No need to estimate annual mileage or incur any additional mileage costs

What should you consider when opting for HP?

  • Monthly repayments may be greater than those available on a PCP agreement
  • You cannot sell the car without settling the agreement
  • The car is only yours once the final payment is made
  • Servicing and maintenance requirements need to be adhered to as part of the financing agreement

Can I settle my HP agreement early?

Yes. Liaise with your finance company direct for the final settlement figure. You could, however, be required to pay the difference between the value of your car and what you owe if you find yourself in negative equity because you are settling earlier than anticipated.


View Vehicles on HP
Videos on HP

What product is best for me?

Choosing the right financing product is very much dependent on your own specific needs and requirements. Should you be wishing to own the vehicle with no final balloon payment, then a Hire Purchase option is ideal.  

Those seeking lower monthly repayments, meanwhile, may find a Personal Contract Purchase agreement preferable, with more affordable costs and greater flexibility available.

You can liaise with a member of the team at RRG Group today to discuss your options and which purchasing scheme suits your requirements best. We’ll be happy to help find a solution for you.

Looking for a new car but worried about credit score?

Get an instant credit result with no impact on your credit score. By using our soft credit search, you can see how likely you are to be accepted for credit without affecting your credit score.

· Our soft search won't affect your customer's credit rating

· Instant result

· No obligation and absolutely free.

We work with a panel of lenders who provide access to finance for customers with a range of credit ratings. So, whether you have an excellent or a poor credit score, we are confident we have a finance solution to suit you.

Why Buy Online?
Why Buy Online?
If you're looking for your next vehicle, our teams across the country will be happy to assist to help meet and exceed your requirements. Buy or reserve your next vehicle online today. Why Buy Online?