What happens at the end of my finance term?
It depends on the finance product you choose:
- With Conditional Sale, you automatically become owner of the vehicle once the finance is repaid in full
- With PCP finance, you have to make a final payment to keep and own the car. (We can sometimes look at refinancing the final payment to allow you to keep it.) Alternatively, you can hand the car back.
- Flexible Personal Lease (contract hire) is a long-term rental agreement. It will suit you if you don't want to buy the car at the end of your contract and won’t need to change it before the end of the contract. So you simply hire the car for an agreed period by paying fixed monthly amounts.