✅Visit: https://motorpocket.com/types-of-car-finance/index.html for more information on car finance.
Car finance refers to finance that is secured on the vehicle, meaning that you do not own the vehicle until you have paid the finance in full and if you miss repayments, the lender might repossess your car.
Car finance comes in many forms to meet different preferences, these are explained in more detail below.
What is Personal Contract Purchase (PCP)? https://www.youtube.com/watch?v=syMVtOkfZSA
What is Personal Contract Hire (PCH)? https://www.youtube.com/watch?v=u_hKY75XHPI
What is Hire Purchase? https://www.youtube.com/watch?v=U-3kyw4GCwM
What is Lease Purchase? https://www.youtube.com/watch?v=7M0upkc-vTA
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