0% finance available for 2024 new car orders!!

Up until the end of November, the CUPRA Leon and Ateca have 0% PCP Finance available for all orders.

On top of this incredible offer, we have a select amount of stock CUPRA Born and Formentor on 0% too.

Contact our experienced sales team to discuss your options.

When considering your car finance options please consider the below:

PCP (Personal Contract Purchase):

1. Lower Monthly Payments:
   - PCP typically offers lower monthly payments compared to HP, making it more manageable for individuals on a tight budget.

2. Flexibility at the End of the Term:
   - At the end of the PCP term, you have flexibility. You can choose to return the car, trade it in for a new model, or buy it outright by paying the balloon payment (Guaranteed Minimum Future Value - GMFV).

3. Potential for Lower Deposit:
   - PCP often requires a lower initial deposit compared to HP, allowing you to keep more money in your pocket upfront.

4. Protection Against Depreciation:
   - Since the GMFV is agreed upon at the beginning of the contract, you're somewhat protected from the potential depreciation of the car's value.

HP (Hire Purchase):

1. Ownership at the End:
   - Unlike PCP, where you have the choice to return the car, with HP, you own the car outright at the end of the term after making all the payments.

2. No Mileage Restrictions:
   - HP doesn't typically have mileage restrictions, which can be advantageous if you plan to drive the car extensively.

3. Builds Equity:
   - With each payment, you're building equity in the car. This can be appealing for those who want a clear path to ownership without a large final payment.

4. No Balloon Payment:
   - There's no large balloon payment at the end of the term with HP. Once the final payment is made, the car is yours. However, a car is a depreciating asset so owning it over a longer financial period might not be advisable.

Considerations:

• Usage and Mileage:
  - If you drive a lot and plan to keep the car for a long time, HP might be more suitable. If you prefer upgrading your car every few years, PCP provides that flexibility.

• Budget and Financial Goals:
  -Consider your budget and long-term financial goals. PCP might be more appealing for those who want lower monthly payments and the option to change cars frequently.

• Ownership Preference:
  - If outright ownership is crucial, HP is a straightforward option. If flexibility and the ability to switch to a new car regularly are more important, PCP could be the better choice.
  
  It's advisable to carefully assess your financial situation, driving habits, and preferences before choosing between PCP and HP. Additionally, it's essential to read and understand the terms and conditions of the financing agreement before making a decision.

sales@mccoymotors.ie or call us on (01) 6241223