Financing your car purchase
We can help identify the best funding option for your circumstances and requirements. Today there are any a number of finance options available to individuals, employees and companies alike. Our finance solutions are underpinned by experience and a personalised approach. Our preferred finance partner is Carlyle Finance with whom we have had a long term business relationship and this subsequently may be of direct benefit to you.
Use the Finance Calculator to view the specialist funding choices Prestige has arranged with Carlyle Finance. You can also arrange finance within minutes from this site – literally!
Hire Purchase is one of the most traditional and popular methods of funding cars. This facility option allows you to make an initial deposit followed by fixed monthly payments over a fixed period. At the end of the repayment period, and after the payment of a small option to purchase fee, ownership passes to you.
Lease Purchase is effectively another name for Hire Purchase, but provides more flexibility – as deposits can be made up of initial rentals, and balloon rentals can be built into the end of the agreement to provide lower monthly rentals. Whilst the facility is usually associated with the business sector, it is available to private individuals in certain circumstances.
Leasing differs from Hire/Lease Purchase in that ownership of the goods never passes to you. Leasing is normally only available to our business customers.
Personal Contract Hire
Personal Contract Hire (PCH) is available on new and some used cars with a range of payment options. This facility enables you to only pay rentals on the difference between the cost price and the Guaranteed Residual Value (GFV), so taking away the risk of depreciation. Maintenance facilities are available and VAT is paid on the monthly rentals, but ownership of the vehicle never passes to you and the vehicle is returned to the contract hire company at the end of the agreement.