HP finance vs. leasing (PCP)
There are many ways to get car credit, two of them are HP financing and the other is Leasing or Personal Contract Purchase. When taking out a hire purchase (HP) agreement there is a large deposit to put down. This can be between twenty and fifty percent and the balance of the car’s cost is divided over the term of the HP agreement. When the agreement comes to an end the car belong to the driver. The car will of course be worth less than the original price because of depreciation. The other method of getting car credit is though leasing by way of a PCP agreement. This means you […]