We offer you the choice of a Hire Purchase or Personal Contract Purchase finance agreement. Both agreements can be created for car finance deals with no deposit. Which is best for you depends on your individual circumstances. We’ll explain the main differences below to shed clarity on the matter:
Hire Purchase agreements are a type of credit where once you have paid the total loan amount, you own the vehicle. During the loan term, the financer owns the vehicle. Once you repay them in full, ownership passes to you. Typically, Hire Purchase agreements have higher monthly payments because you are repaying the total car amount. With a Personal Contract Purchase, you repay only part of that amount.
Personal Contract Purchase agreements are a type of credit where you pay off instalments to cover part of the cost of a car. Once you have paid off the amount as set out in the agreement, you hand the car back to the owner, who is the financer. Alternatively, if you want to keep the car, you can refinance the remaining cost of it. This is called the balloon payment. It is based on the guaranteed future value (GFV) of the car.
We're here to make your car buying journey easy, and that includes the finance. Our vehicles are prepared thoroughly and ready to go. Visit our showroom and adjust the options on the Representative Example to tailor a quote to suit your needs.
We are here to help, just get in touch with us using the Finance enquiry form above or complete the finance application form below. Alternatively call us on 01934 808767.
Zoom Automotive is Authorised and Regulated by the Financial Conduct Authority. (655041) Finance Subject to status. Other offers may be available but cannot be used in conjunction with this offer. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. Zoom Automotive - Weston-Super-Mare, BS23 1JZ, FCA number: 655041.
Monday to Friday: Viewing by Appointment Only
Saturday: Viewing by Appointment Only
Sunday: Closed