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Loan types

Five ways to pay for it.

The difference between them comes down to one question: who takes the risk on what the car is worth at the end. That moves the monthly figure further than the interest rate does.

All five at a glance, with no minimum advance on any of them. Figures are for a Bentley Continental GT at £200,000, a 20% deposit over 48 months at an indicative 8.9% nominal rate, with 45% deferred where the agreement defers. An estimate, not a quote.
Agreement	If it is worth less than expected	Own it at the end	Written to	On a Continental GT
Hire purchase	None. There is nothing left to settle.	Yes	Companies and individuals	£3,974
Lease purchase	Yours. You cover any shortfall at the end.	Yes, once the final payment is made	Companies and individuals	£2,406
PCP	The lender. You can hand the car back instead.	Your choice	Companies and individuals	£2,406
Business contract hire	The lender. The car was never yours.	No	Limited companies only	On application
Refinance	Secured on the car.	Yes, you keep it throughout	Companies and individuals	Depends on advance

Hire purchase

Pay the whole cost across the term. The car is yours at the end.

Suits Buyers keeping the car, and directors who want the accounting simple.

Lease purchase

Defer part of the balance to a final payment. Lower monthly cost.

Suits Buyers confident in the car holding its value, who want cash flow now.

PCP

Like lease purchase, but the lender promises what it will be worth.

Suits Buyers who want the option to walk away at the end.

Business contract hire

Rent the car to your company. Hand it back at the end.

Suits Companies that want the car as a cost line rather than an asset.

Refinance

Release capital against a Bentley you already own outright.

Suits Owners who need capital without selling the car.

Next step

Tell us about the car

We come back with which agreements the car supports and what each one is likely to cost. If none of them work, that is the answer you get.

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