Finance

Many manufacturers have their own finance packages, but providing you wish to do anything other than buy it outright in a cash purchase, the majority are variations of the following schemes.

Hire Purchase is a popular way of spreading the cost of your car. Just decide how much you want to borrow (you don't always need to pay a deposit) and repay with fixed monthly payments over any period up to 60 months. At the end of the contract the car is yours.

Features

Fixed repayments

At the beginning of the agreement, both the amount you pay every month, and the repayment period, is fixed and will not change. This is great for your budgeting.

Fixed interest

Even if interest rates go up, the interest rate on your finance repayments will not be affected.

Flexible payments terms

Choose any period from 12 months to 60 months to suit your budget. You work out what you want to pay each month and we'll work out how many months to repay it over to get you into your ideal car.

Ultimate Ownership

Once you have made all the repayments, you own your car.

PCH is becoming an increasingly popular way to drive away in a new car. It offers a pure lease arrangement, with no option to own the car as part of the scheme.

Features

Fixed repayments

At the beginning of the agreement, both the amount you pay every month, and the repayment period, is fixed and will not change. This is great for your budgeting.

Lower repayments

As this plan doesn't cover any ownership option, your monthly payments will be lower than on a comparable purchased-based finance plan.

No long-term commitment

Once you have decided how much you wish to spend, and how many miles you do every month, you don't have to worry about what to do at the end of the plan. When it finishes, you give the car back, enabling you to start another agreement on a different vehicle if you wish.

Wear & Tear

It is in your interest to minimize the vehicle's 'wear and tear' and not exceed the agreed mileage. When the agreement has finished, if you have exceeded the agreed mileage you will need to pay an excess mileage charge. In simple terms 'normal wear and tear' means that for its age and mileage, the vehicle is in fair working order, condition and repair. If not, there may be additional monies to pay.

PCP generally offers a lower cost and more flexible alternative to Hire Purchase. A lower monthly payment is achieved by allowing you to finance the difference between the price of the vehicle and the projected value of the vehicle at the end of the Contract Term. PCP also offers great flexibility at the end of the contract.

How it works

PCP has been developed to allow you to change your vehicle more often than other forms of finance as effectively all you are paying for is the depreciation of the vehicle, and you have the comfort of knowing that we will guarantee to buy back your car back at the end of the contract at a pre-agreed price set at the start. This price is known as the "Guaranteed Future Value (GFV)".

The contract can be set from 24 to 42 months allowing you the flexibility to decide how long you would like to keep the car before you change it. When you reach the end of the contract you then have three options:

  • Retain: Pay the guaranteed future value and option to purchase fee and the car is yours
  • Return: Give the car back with nothing to pay (subject to mileage and fair wear and tear)
  • Renew: Part Exchange your car and use any equity as a deposit on your next new car

Features

Excess Mileage

At the beginning of the agreement, you decide on the total mileage you expect to do. It is normal to pay a fixed amount for every additional mile over this agreed amount, so bear this in mind for when you hand your vehicle back at the end of your contract.

Wear & Tear

It is in your interest to minimize the vehicle's 'wear and tear' and not exceed the agreed mileage. In simple terms 'normal wear and tear' means that for its age and mileage, the vehicle is in fair working order, condition and repair.

Want to get in touch?

We'd be happy to provide further information about any of our products, contact us if you wish to talk over any of our products.

Inchcape Retail is authorised by the Financial Conduct Authority, our registration number is 312637. Confirmation of our authorisation can be established by contacting the FCA on 0800 111 6768 or by visiting their website: www.fca.org.uk/register. Subject to availability and status. T&Cs apply. Exclusions may apply. Indemnities may be required.

Insurance Products

Inchcape Asset Protection

If in the past you've insured a vehicle you'll know that year on year the insured value will reduce. Should you be unfortunate enough to have your vehicle suffer a total loss by either being written off or stolen, it's a feature of Fully Comprehensive Motor Insurance to put you back in the same position as you were at the time of the loss. This would involve a loss adjustor estimating the value of your vehicle with a hopeful view of allowing you to purchase a vehicle of a similar age, mileage and specification. Our customers tell us that, in an ideal world, they would prefer to receive in settlement the original retail price of their vehicle. This would allow them to return to us and purchase a new vehicle equivalent to the one they originally purchased.

With this in mind Inchcape Retail are proud to be able to offer Inchcape Asset Protection (IAP), working in conjunction with Fully Comprehensive Motor Insurance, in the case of a total loss settlement IAP would top up the insurance company's pay out to the original retail price of the vehicle, taking into account any dealer or factory fitted options, and in addition will contribute £250.00 towards your insurance excess.

If you buy a brand new car from us, or one that is less than 6 months old with us as the first registered keeper, then we would enhance this further by replacing your car with a brand new like-for-like car, even if there has been a price increase subsequently.

Inchcape Care Tyre Insurance

In the case of a puncture, from accidental or even malicious damage, a simple phone call from an approved supplier will see a new tyre fitted as soon as possible. With lower profile and run flat tyres adding considerably to the cost of replacement, this product is suitable for everyone regardless of their mileage, after all, how many miles does it take to have a puncture? You can make five claims during the 3 years of the policy.

Inchcape Care Alloy Wheel Insurance

In the event that your alloy wheels are accidently damaged, Alloy Wheel Insurance will pay for the cost of repairs. These will be undertaken by an approved specialist repairer, with up to twelve claims allowable during the 3 years of the policy.

If the wheel is damaged beyond a cosmetic repair, we will contribute £110 for a lathe repair, or £150 towards a new wheel. As a result, not only can you enjoy the good looks of your vehicle, but you can also return the vehicle to us, in part exchange for a new vehicle, with the alloys in good condition allowing us to work hard to get the best price for your vehicle.

Inchcape Care Cosmetic Repair Insurance

With your car being your pride and joy, you will appreciate its fine lines, detailing and the beauty of its design. Unfortunately, you can’t always be there to make sure it stays safe and sound and everyday knocks and bumps are part of life on today’s roads.

Minor dents, scratches and scrapes from car parks, stone chips or other people’s carelessness shouldn’t take the shine off your car and Inchcape Care Cosmetic Repair Insurance is the perfect way to maintain your car’s showroom appearance for longer.

If your car suffers minor cosmetic damage from scratches, dents and stone chips, Inchcape Care Cosmetic Repair Insurance will arrange and pay for the cost of repair to keep your car looking fresher for longer.

Up to twelve guaranteed repairs from qualified and accredited technicians will remove scratches and dents up to 30cm long or 3mm deep and stone chips up to 1.5cm in diameter and keep your car looking pristine. during the three year life of the policy.

Defaqto 5 star rated

All Inchcape Care products provide an exceptionally high level of cover and have received the top 5-star rating by Defaqto, the UK’s leading independent financial services rating agency. This rating can be verified on the Defaqto.com comparison website under the All Star Ratings Motor Section.

GardX Vehicle Protection

What's the first thing you think about when someone asks you to describe your car? Is it how it looks in the sunlight, what that new car smell is like when you drive it or is it how you can never get it looking as clean as it was in the showroom, how you wish you'd not left that takeaway on the passenger seat...

Many of our customers appreciate that the condition of their vehicle is crucial to achieving the resale value they'd like and as they state that this is important to them, Inchcape have worked hard to be able to offer customers the GardX Vehicle Protection System (VPS)

GardX VPS is a 2-stage process that removes impurities from your paintwork and then treats the exterior of the vehicle with a revolutionary high gloss paint sealant, this sealant will form a tough and durable shell, encasing and protecting your paint against oxidisation and atmospheric pollutants, maintaining a high gloss finish, guaranteed for the lifetime of ownership of your car.

The interior of your vehicle would also be professionally treated. This treatment forms an invisible and durable shield around each fibre, resisting oil and water based spills and helping to prevent permanent staining. Stains resulting from a spill are much easier to remove, keeping your upholstery looking newer for longer. For cars with a leather interior, this can also be treated to make it easier to keep clean and supple.


Want to get in touch?

We'd be happy to provide further information about any of our products, contact us if you wish to talk over any of our products.


Inchcape Retail is authorised by the Financial Conduct Authority, our registration number is 312637. Confirmation of our authorisation can be established by contacting the FCA on 0800 111 6768 or by visiting their website.
T&Cs apply. Exclusions for each policy available upon request.