Car Finance and Vehicle Finance Plans

Finance your car purchase at JCB Honda

Motor finance can be confusing, so let us help demystify the subject! Watch our videos below and gain an understanding of the different types of car finance available, as well as the benefits of using specialist motor finance to fund your next car purchase.*

You may want to download our information leaflets on retail options for personal finance, or contract hire tailored to your business.

Why Use JCB Honda Finance?

There are many reasons to use JCB Honda to fund your next vehicle purchase. This video will tell you why, in plain English.*

What is PCP?

A Personal Contract Purchase is the most common way of purchasing a new car in the UK but is increasing in popularity for buying a used car. The benefits include;

  • Afford a more expensive car
  • Lower your monthly repayments
  • Reduce the length of your agreement
  • Change your car more regularly
  • 36 - 49 month options on repayment
  • Flexible end of agreement options, such as keep your vehicle, part-exchange for a new one or return the vehicle.
  • Easy budgeting with fixed interest payments
  • Add in options like accessories or service plans*

What is HP?

Hire Purchase is the traditional way of funding a vehicle purchase. There are several benefits to using secured finance to pay for your new car rather than using an unsecured personal loan, your savings or your mortgage.*

What is PCH?

Personal Contract Hire or PCH is a way of leasing a vehicle without having to own it. At the end of the agreement you can hand back the car or van, *as long as you have serviced and maintained it in line with your agreement. The main things to consider are:

  • You lease and don't own the vehicle
  • The agreement is for a fixed period of time or 'term'
  • There is a fixed monthly cost
  • If the annual mileage allowance you agreed at the start of the term is exceeded, you will have to pay an excess mileage charge
  • You can have maintained or non-maintained agreements. That is, if you do or don't want to include the service and maintenance costs
  • At the end of the term you can return the vehicle* and can start another agreement on a different one
  • You need to maintain your vehicle in good condition otherwise you may incur charges at the end of the agreement
  • Road tax is usually included in the agreement*

Business Contract Hire

We also offer Contract Hire for business use. For peace of mind motoring - ask in the showroom for the finance option that suits you. With business contract hire you can:

  • hire the vehicle rather than own it
  • VAT registered companies can recover a portion of the VAT paid on the rental
  • Rentals are allowable against tax
  • Flexible - ability to change term length and mileage if circumstances change
  • add in maintenance, servicing and tyres too if you wish
  • Hand back the car at the end of the term, in good condition, with no more to pay.*

Our website has some fantastic new features to help you find and finance the perfect used car:

  • Have a particular price range in mind? Use the powerful “Budget” search tool to search our stock based on your monthly budget.
  • Looking for a particular car but don’t know if you can afford it? Use our “Vehicles Search” on the left hand side to find your car and see accurate finance quotes displayed next to it.
  • Use the adjustment bar to tailor the finance quote to a monthly payment you feel comfortable with.
  • A longer contract period, a larger deposit and lower annual mileage will all make your monthly payment lower.
  • Remember that the value of your part exchange can be used as part or all of your deposit. If you are currently in a finance agreement, give us a call and we can give you a cash value that you can use as a deposit to fund your next car purchase.

Take the next step

Apply for finance online, have the quote emailed to you or just pick up the phone to book a test drive or have a chat.

Mid-Term Review

If you feel you need to review your agreement, please contact us at any time.
We will usually contact you mid-way through the agreement to check it still meets your needs.

*For full terms and conditions of finance agreements, please ask our Sales Team in branch.​