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RRG Select Finance

When buying a vehicle through RRG Select, ensure that you take advantage of the competitive rates of financing that are available. We’re delighted to provide both Hire Purchase and Personal Contract Purchase options, enabling you to secure a quality vehicle for an affordable price.
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What is Personal Contract Purchase (PCP)?
Personal Contract Purchase - or PCP - is an affordable scheme that gives you the chance to drive away with only low monthly payments to be made. After paying an initial deposit, you will pay fixed instalments that cover the depreciation in value between the full sale price and the Guaranteed Future Value determined at the beginning of the contract. You also have the flexibility to walk away with nothing further to pay and return the vehicle to the dealership.

What are the advantages of PCP?

  • Lower monthly instalments than you will find through Hire Purchase schemes
  • The option to either pay the optional balloon payment for full ownership, or to return the vehicle with nothing more to pay
  • The chance to change vehicles on a more frequent basis

What should you consider when opting for PCP?

  • In order to own the vehicle outright, you will have to pay the optional balloon payment at the end of the agreement which covers the Guaranteed Future Value
  • Carefully estimate your annual mileage as any miles in excess of this will incur an additional charge
  • You cannot sell the vehicle without first settling the agreement in full

Can I settle my PCP agreement early?

Yes. The first step is to request an early settlement figure from the finance company. Note, however, that this may include any additional fees due to negative equity - i.e. the difference between the Guaranteed Future Value and the actual worth of the model.



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Videos on PCP
What is Hire Purchase (HP)?
Hire Purchase is simply a way of spreading the cost of vehicle ownership over a set period of time. Following a deposit, you will pay fixed monthly instalments that will cover the outstanding amount owing on the vehicle. At the end of the agreed term, you will be the outright owner of the vehicle.

What are the advantages of HP?​

  • Spread the cost of purchasing over a period of time
  • No additional fees or charges for excess mileage
  • Full ownership of the vehicle at the end of the agreement

What should you consider when opting for HP?

  • You will only be the full owner of the vehicle once the final payment has been made
  • Monthly payments will often be more expensive than PCP agreements
  • You cannot sell the vehicle without first settling the agreement
  • The vehicle needs to be serviced and maintained according to the terms of the agreement

Can I settle my HP agreement early?

Settling your Hire Purchase agreement early can be achieved through requesting an early settlement fee. This will also include any difference in value of what you owe and the actual worth of the vehicle - a figure known as negative equity.



View Vehicles on HP
Videos on HP

What product is best for me?

Choosing the most affordable purchasing plan will depend on your own needs and circumstances. That’s why we’re delighted to have finance experts on-hand to answer any questions you may have and help you make the right decision. Simply liaise with a member of the RRG Select team today and take the first steps towards driving away in the best vehicle for the best price. ​

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?