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Have you found your perfect new or used JAECOO? If so, then you may be starting to think about the best way to finance your purchase, and the current offers available.
Need more insight into the different finance types available? Read our handy information below to find out more about the various finance types.
Personal Contract Purchase (PCP) is a flexible vehicle finance option designed with the customer in mind. It offers assurance through a guaranteed future value for your vehicle while keeping monthly payments lower than more traditional plans such as Hire Purchase.
This is made possible by postponing part of the vehicle’s cost until the end of your contract. When the agreement ends, you’ll be able to choose from three tailored options depending on your preferences.
Providing an accurate mileage estimate is essential. If you go over your agreed limit, additional charges may apply. These will be made clear before your agreement is finalised.
4. Lower Monthly Instalments
Your monthly payments are calculated based on the difference between the vehicle’s retail price (minus your deposit) and the GFV, plus interest. This structure often results in more manageable monthly costs when compared to Hire Purchase.
What Happens at the End of the Agreement?
When your PCP agreement concludes, you have three flexible options available:
Please ensure the car is returned in line with the agreed mileage and condition guidelines. Any excess wear or mileage may incur additional charges, all of which will be explained upfront.
3. Upgrade with a Part Exchange
You can also choose to trade in your current vehicle. If your car’s value exceeds the GFV, you can use the equity towards your next JAECOO vehicle. As your JAECOO retailer we will be happy to assist you in choosing your next model.
Hire Purchase is a dependable and easy-to-understand way to finance your next vehicle. With fixed monthly instalments and a consistent interest rate agreed upon from the start, this option allows for clear and effective financial planning throughout the duration of your agreement.
Whether you prefer the predictability of Hire Purchase or the flexibility of Personal Contract Purchase, both finance options offer smart, accessible ways to drive away in a vehicle that suits both your lifestyle and your budget.