Embracing all current consumer regulations we work with a small number of high quality organisations providing affordable finance, insurance and vehicle protection products. Whether you wish to buy a new or used car at The Brindley Group, we provide competitive finance packages which can be tailored to you, easy to understand and free from jargon. Our onsite finance specialists are linked to all our partners via the latest technologies and our processes are designed to ensure a quick, smooth experience is achieved, from getting your finance approved to concluding all paperwork. Dealer finance provides additional Consumer Rights that using either a bank or your savings don’t and with interest rates Fixed at the outset your monthly instalments will not change during the currency of the agreement.

All our showroom teams are trained and accredited to qualify any customer’s needs and to supply a personalised quotation allowing an informed choice to be made. Let’s clear some of the jargon for you.

Personal Contract Purchase (PCP)

Available on new and a majority of used cars, this popular financing option has been around for almost 40 years and has 2 characteristics that make it unique from other forms of financing. The first is the Guaranteed Future Value (GFV). A car’s GFV is calculated by the finance company based on your anticipated mileage. This amount is deducted from the cash price of the car and deferred to the end of the agreement as the Final Payment. The customer makes payments based on the difference between the cash price (less any deposit paid when the agreement is set up) and the final payment. These payments will always be lower than any other form of purchase agreement over the same term. The second unique characteristic is what happens at the end of the agreement; with 3 choices available. These are:-


  • RETAIN - By simply paying the Final Payment (there is a £10 Option to Purchase Fee) and the vehicle is yours.
  • RETURN - Should the vehicle’s value not match the Final Payment, then subject to certain mileage and condition clauses you may hand the vehicle back to the finance company.
  • RENEW - With the Final Payment deducted from the Part Exchange valuation and any excess being used as a deposit against your next new car.

How long does a PCP Agreement term last?

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Personal Contract Purchase is similar to Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments over a term typically between 24 to 48 months.

What are the advantages of PCP?

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  • Monthly payments on a car financed by PCP are usually lower than if your car is financed by a Hire Purchase agreement over the same period.
  • If you decide not to buy the car, you can simply walk away when you've made all the payments.
  • Similar to PCH, you can drive away a new car every few years (dependent on the chosen term) without worrying about selling it on.
  • If your car is worth more than the Guaranteed Future Value then you can use that equity towards a deposit on a new car.

What should you consider when opting for a PCP?

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  • If you want to buy the car you will need to pay your final balloon payment (the Guaranteed Future Value).
  • Similar to PCH, you will need to agree on a mileage allowance at the beginning of your contract and there may be excess mileage charges if you exceed this.
  • You won’t be able to sell the car without settling the finance.
  • You won’t own the car until you have made all of your repayments.
  • You’ll need to keep the car properly insured, maintained and in your possession until the full value is paid off.

Can I settle my PCP agreement early?

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You can normally settle your agreement early by asking the finance company to provide you with a settlement figure. However, the finance company will require you to pay off the difference between what your car is worth, and what you still owe and there may be a difference which is known as negative equity. On the other hand, you may find that at the end of your term your car is worth more than the Guaranteed Future Value, which means you will have some positive equity to contribute towards your next car.

Hire Purchase (HP)

Available on all new and used cars, this flexible finance plan will spread the cost of acquiring your car over 24 to 60 months. Whilst a deposit is normally required, subject to status, our panel of lenders will advance up to 100% of the purchase price of your car. At the end of the agreement, assuming all repayments have been made the car is yours on payment of a £10 Option to Purchase Fee. The plans themselves are flexible, and able to have either full or partial settlements made at any point during the agreement.

Under a Personal Contract Purchase agreement, you can also pay a settlement fee for bringing the agreement to an end early. After that, you can choose to hand the car back or you have a second option. Through a PCP agreement, you can take full ownership of the car by paying off the remaining Guaranteed Minimum Future Value also known as a balloon payment.

What are the advantages of HP?

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  • You’ll be able to drive away a car that you may not have managed to buy outright.
  • Unlike a PCP or PCH contract, you won't need to estimate your mileage at the start of your Hire Purchase agreement, so you'll avoid excess mileage charges.
  • Once you’ve made your final monthly payment, including the option to purchase fee, you'll have full ownership of the car.

What should you consider when opting for HP?

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  • Monthly payments may be higher than some other finance options, such as PCP, as you're paying off the full value of the car.
  • You won’t be able to sell the car without settling the finance.
  • You won’t own the car until you have made all of your repayments.
  • You’ll need to keep the car properly insured, maintained and in your possession until the full value is paid off.

Can I settle my HP agreement early?

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For a Hire Purchase agreement, there is an option of paying it off early through a settlement fee. A settlement fee covers the cost of any remaining unpaid instalments and interest payments remaining on the agreement. Once the settlement fee is paid, you take full ownership of the car early.

Personal Contract Hire (PCH)

Available on new cars, this is a long term rental plan. The car is the property of the leasing company who therefore bear any depreciation costs with you paying fixed rentals for an agreed period and mileage. At the end of the agreement, subject to mileage and condition, the car is returned to the leasing company. All these rental agreements include the cost of annual road fund licence, and servicing and maintenance can be added ensuring fixed budgeted motoring.

What are the advantages of PCH?

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  • For a fixed monthly rental, you will have use of a vehicle for a nominated period and total mileage.
  • Since the car is owned by the leasing company, they will supply the annual Road Tax.
  • You can include all scheduled servicing, maintenance and even tyres with an additional charge.
  • At the end of the contract, subject to not exceeding the contracted mileage and assuming the car is a reasonable condition for it’s age and mileage, you can simply hand the car back to the leasing company.

What should you consider when opting for PCH?

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  • PCH is only available on brand new cars.
  • You need to nominate both the period of agreement and the annual mileage.
  • Should you exceed the contracted mileage, an excess mileage charge will be payable at the end of the contract.

Can I settle my PCH agreement early?

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  • No, PCH contracts are designed to run their term​.
  • Should you wish to early terminate a contract; a fee, normally equivalent to 50% of the outstanding rentals will be payable.