Personal Contract Plan you choose your deposit, between 10% and 30%. Depending on what you choose, we will then calculate your monthly fixed payment over 36 months. Volkswagen Bank will guarantee a minimum future value (GFV) and defer this as your optional final payment.
At the end of the plan you have 3 options:
Hire Purchase is simple and very straight forward. You pay deposit or trade in your old car, and simply pay the balance in fixed monthly payments over a period that suits you. You continue paying this amount until the term is complete. Typically has a higher interest rate than PCP.
With Leasing there’s no large upfront payment. This maximises cash flow. The money that would have been invested in buying a new vehicle can be invested in your business. Affordable fixed monthly payments mean effortless budgeting. You agree the leasing term that suits you, between 24 and 54 months. Decide on the annual mileage you need and you’re ready to go.
With Leasing you can add servicing, maintenance and tyre replacement to your plan. Road Tax and NCT costs are included as standard. We can even take care of your fuel cards and toll tags. Plus, you can forget about depreciation. At the end of your term hand your vehicle back and get a new one.
You agree on a leasing term between 24 and 54 months and decide on the annual mileage limit to suit your business requirements. This can be amended up to 6 months before the end of the contract, as we understand that your business needs may evolve over time.
McCoy Motors operate a non-pressure sales environment and we understand that car finance is a scary prospect for many people, especially considering a large percentage of our SEAT & Cupra customers are buying their first brand new car. We advise people considering finance on a new or used car to take their time, don’t rush and to look at all the options available to them. If the car you are intersted in sells in the meantime its not a big deal another one will show up, whats more important is making the right choice when considering finance. Come in and chat to us. We have a very experienced finance and sales team that can give you all the options for both HP and PCP. Get quotes on both options and see what works best for you!!
The aim of management at McCoy Motors is to build a long standing relationship with everyone who comes through our door. The finance package you choose will have a strong bearing on the relationship you have with us. Ultimately we want to give you the right information to make the right most informed choice for your own needs.