Our Finance

Deciding how to finance your new car is an important decision and we are here to help find the right solution for you.

We work with many lenders to offer special military rates and different types of finance to suit you, including Close Brothers Military Services, Hitachi, Barclays, Santander, Alphera, Northridge and all manufacturer led finance services, to name just a few.

We offer multiple finance options including Hire Purchase, Personal Contract Purchase and Personal Contract Hire, all of which are further explained below.

See more about our pre-approval process

Not sure if you can get finance?

Use our pre-approval service to find out now. This will not affect your credit history and no marks will be made on your credit file for using our pre-approval service.

Even if you have been declined credit elsewhere, we may still be able to help you.

Hire Purchase (HP)

Hire Purchase is a straightforward finance agreement, where you effectively purchase a vehicle from a finance company for an agreed period of time, and results in your ownership of your car at the end of the agreement.

Why would HP be good for me?

  • Buy now pay later options available
  • Quick and easy to arrange
  • Flexible terms, usually 12-60 months
  • Low deposits
  • Competitive fixed interest rates
  • Unrestricted mileage
  • You own the car outright at the end
  • You can settle the agreement at any time

Things to Consider +

  • Monthly payments may be higher than some other finance options, such as PCP, as you are paying off the full value of the car
  • You won’t be able to sell the car without settling the finance
  • You won’t own the car until you have made all of your repayments

Personal Contract Purchase (PCP)

With PCP finance, you pay a monthly fee with the option, but not the obligation, to buy the car at the end of the agreement for a guaranteed future value (GFV). Your PCP agreement will be tailored to you, setting your agreed annual mileage and term. PCP differs from HP as the monthly payments only pay for the depreciation of the car, giving you a lower monthly payment.

At the end of the agreement you will have three options:

  1. Own the car outright by paying the GFV
  2. Hand the car back and end the agreement
  3. Part exchange the vehicle for another car

Why would PCP be good for me?

  • Low initial deposit and monthly payments
  • Flexible options at the end of the agreement
  • A predetermined Guaranteed Future Value, protecting you from market fluctuations

Things to Consider +

  • You will need to agree an annual mileage allowance at the beginning of the contract – There will be charges if you exceed the agreed annual mileage
  • Should you choose to keep the car at the end of the agreement you will need to pay the Guaranteed Future Value/balloon amount

Personal Contract Hire (PCH) / Leasing

With contract hire you literally hire your car for the term of your agreement, returning your car at the end. A PCH contract is tailored to you, setting your annual mileage and term. Our PCH agreements all include warranty; road tax and breakdown cover and you can choose to add a maintenance package if you wish.

Why would PCH be good for me?

  • Lower monthly payments than if you were buying the car
  • Maintenance packages available, eliminating unexpected repair bills
  • No worries about reselling your vehicle in the future

Things to Consider +

  • You will need to agree an annual mileage allowance at the beginning of the contract – There will be charges if you exceed the agreed annual mileage
  • You cannot keep the car at the end of the agreement

Buying a car on Finance: your options compared

Monthly paymentsDeposit requiredDo you own the car?Mileage limitDamage charges
Hire Purchase (HP)HigherNoYes - at endNoNo
Personal Contract Purchase (PCP)LowerNoOptionalYes*Yes*
Personal Contract Hire / Leasing (PCH)LowerYesNoYesYes

*Only if the car is returned or traded in

Close to our heart

We are proud to work in partnership with several Armed Forces organisations to further support our military community.

Find out more about these partnerships by clicking the logos below.

Welcome to Forces Cars Direct

If you serve, you save

We provide new car discounts for all
Armed Forces personnel, past and present.

To discover the discounts available for you and to find your ideal car, please select your eligibility from the list below:

Not sure if you’re eligible? Find out if you are here