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OMODA Finance

Available at Waylands OMODA Bristol

For many people, once you have found your new or used OMODA, the next consideration is how to fund the vehicle in a way that best meets your motoring needs.

Need more insight into the different finance types available? Read our handy information below to find out more about the various finance types.


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Personal Contract Purchase (PCP)

Personal Contract Purchase (PCP) offers a flexible and customer-focused approach to vehicle financing. It delivers peace of mind by guaranteeing the future value of your vehicle and is structured to keep your monthly repayments lower than more traditional finance options like Hire Purchase.

PCP achieves this by deferring a portion of the total vehicle cost to the end of the agreement. At that point, you’ll have three tailored options to suit your needs.

How PCP Works

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How PCP Works:

  1. Choose Your Vehicle
    Select the car that best suits your lifestyle and preferences.
  2. Set Your Terms
    Decide on your deposit amount, estimate your annual mileage, and choose a contract term between 24 and 48 months.
  3. Guaranteed Future Value (GFV)
    Using your annual mileage estimate and contract length, we calculate a Guaranteed Future Value (GFV)—an estimate of what your vehicle will be worth at the end of the agreement. This amount is deferred and only becomes payable if you decide to purchase the vehicle at the end of the term.
  4. Affordable Monthly Payments
    Your monthly payments are calculated based on the difference between the car’s price (minus your deposit) and the GFV, plus interest. As a result, your monthly payments are typically lower than those of a Hire Purchase agreement.

Accurate mileage estimates are crucial. Exceeding the agreed mileage may result in additional charges, which will be clearly explained before you sign your agreement.

Your Options at the End of the Agreement

As your agreement comes to an end, you will have three options to consider:

  1. Retain the Vehicle
    You can choose to keep the car by paying the GFV and a small purchase fee, after which the car is yours outright.
  2. Return the Vehicle
    Prefer not to keep the car? Simply return it to us and walk away, with no need to pay the GFV.
  3. Part Exchange for a New Vehicle

    4. Trade in your current vehicle and, depending on market value, the equity could help cover the final payment. Then, with your OMODA dealer, you can begin exploring options for your next OMODA.

Note: The vehicle must be returned in good condition and within the agreed mileage limits. Excess mileage or damage may incur additional fees, which will be clearly outlined in your contract.



Hire Purchase (HP)

Hire Purchase is a straightforward and reliable vehicle financing solution that enables you to manage your budget with confidence. With fixed interest rates and monthly payments established at the outset, HP provides financial predictability throughout the entire term of your agreement.

By offering flexibility, predictability, and peace of mind, both Hire Purchase and Personal Contract Purchase help you find a financing solution that fits your lifestyle and financial goals.

If you would like to discuss your finance options, the team at Waylands OMODA Bristol are on hand and ready to talk you through your options.


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