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Buying a car on finance

If you're considering buying a car on finance, it's important to know which finance options are available before deciding on the best one for you.

Stellantis Financial Services a range of finance products on a number of new and used vehicles across many car manufacturers. This guide will lay them out for you as clearly and simple as possible. 

Car finance options

Our range of finance plans include: 

Personal Contract Purchase (PCP)

If you want a flexible plan that lets you budget with confidence and own your vehicle, PCP could be the right choice. 

With PCP, you make fixed monthly payments on a new or used car. At the end of your contract you have three options:

  1. Part exchange your car for a new one and start a new contract after paying any excess mileage and/or damage (if applicable). 
  2. Keep your car. Pay the balloon payment at the end of your agreement and it's yours. 
  3. Return your car to us. (Additional charges could be necessary if excess mileage or damage have reduced its value below the Guaranteed Future Value).

Personal Contract Hire (PCH)

If you're not concerned about outright ownership, PCH is another budget-friendly form of finance. Here's how it works:

  • Pay the advance rental fee when ordering your car. PCH is essentially a rental agreement and, as with all rental agreements, a payment in advance is required. Typically, this will be six months rental (although some deals require up to nine months in advance). This can be discussed further with your retailer. 
  • Agree on the annual mileage allowance. This will help determine your monthly rental payments, so be realistic with the amount you choose. 
  • Return the car at the end of your contract, paying any excess mileage or damage charges (if applicable).

Personal Finance Lease (PFL)

If you want a flexible payment choice but don't need the option of owning your car, PFL lets you tailor monthly rental payments by varying the duration of the contract or agreeing a final lump sum repayment (known as a balloon payment). At the end of your contract you can: 

  • Sell your car to a third party on our behalf. If it sells for less than the balloon payment value, you pay the difference to us. If it's more, you pocket the surplus.
  • Part exchange your car for a new vehicle with one of our retailers. 
  • Return your car, paying any excess mileage or damage charges (if applicable).
  • Extend your lease, paying the balloon payment and a nominal rent until you return the car or sell to a third party.

Conditional Sale

If you want a straightforward way to finance the purchase of a new or used car, Conditional Sale is similar to a personal loan. Here's how it works:

  • You pay a deposit at the beginning of your contract. You can also trade in your existing vehicle as part of the payment.
  • Agree a monthly payment that works for you. 
  • Enjoy! Once your contract ends and all the payments have been made, the car is yours.

Our Finance Products

There are many decisions to make when choosing a new car, but one of the most important is choosing the best financing option for you. Use our interactive tool to help you understand which product is most suitable for you.

Duration of finance plans

The length of your contract will depend on the age, make and model of the car you've chosen, as well as the type of finance you're considering. However, most plans are available in 24, 36 and 48-month agreements. The longer the agreement, the lower the monthly payment.

Which car finance option is best for you? 

With a range of plans available, driving the car of your choice could be well within your reach.

To help you understand the right option for you, use our interactive finance product tool to find out which products might be suitable for you.

To find out more on our product range, see our finance product page to find out more on individual products. If you would like to discuss your vehicle and finance options with a local retailer, find the right retailer for you.