Finance Options at Unity Automotive Group Ltd

Vehicle Finance Guide


At Unity, we take pride in offering a comprehensive range of current finance offers across all our franchises. Our dedicated professionals at each dealership are here to provide you with expert guidance and assistance, whether you prefer to engage with us online or in person. We understand that navigating through finance options can be overwhelming, so we are here to help. Please find below an overview of the various finance options we provide, ensuring you make an informed decision.

  1. Personal Contract Purchase (PCP): Our PCP plan allows you to enjoy the benefits of driving a new or used car without the immediate financial burden. With flexible repayment options and customizable terms, PCP enables you to spread the cost of your desired vehicle over a fixed period. You can adjust factors such as the initial deposit, monthly repayment amount, and anticipated annual mileage to suit your individual requirements.
  2. Hire Purchase (HP): Our Hire Purchase option is a straightforward and traditional form of vehicle financing. With HP, you make fixed monthly payments over an agreed-upon period until you fully own the car. This option offers stability and simplicity, allowing you to budget effectively and plan for the future.
  3. Personal Contract Hire (PCH): PCH, also known as car leasing, offers the convenience of driving a brand-new vehicle without the responsibilities of ownership. With fixed monthly rentals, PCH allows you to enjoy the latest models without worrying about depreciation or selling the car later. At the end of the contract, you simply return the vehicle to us.
  4. Business Contract Hire (BCH): Designed specifically for businesses, our Business Contract Hire option enables you to lease vehicles for your company's use. With fixed monthly rentals and flexible contract terms, BCH provides financial predictability and allows you to upgrade your fleet regularly, ensuring you always have access to reliable vehicles for your business operations.

Our finance offers are tailored to suit a variety of needs, whether you're an individual looking for a personal vehicle or a business owner requiring a fleet. Our experienced team is here to assist you throughout the process, answering any questions you may have and providing guidance based on your specific circumstances.

We understand that financing a vehicle is an important decision, and we strive to make the experience as seamless as possible. With our wide selection of finance options and the expertise of our dedicated professionals, we aim to provide a finance solution that meets your requirements and helps you drive away in the car of your dreams.

To learn more about our finance options or to discuss your specific needs, please reach out to our team at any of our dealerships or email us at . We are committed to providing exceptional service and assisting you in finding the perfect finance solution for your

What is Personal Contract Purchase (PCP)?

Below is a brief description...

Personal Contract Purchase is a finance product that allows you the opportunity to buy a new or a used car with a lower monthly outlay. Often referred to as a PCP agreement.

It is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments over a term typically between 18 to 48 months.

What makes PCP different to Hire Purchase (HP) is that your monthly instalments are paying off the depreciation of the car, and not its entire value, over the course of the term. Then, when you get to the end of your agreement, there is a final, balloon payment that must be made if you want to keep the car. The balloon payment is often referred to also as the Guaranteed Future Value (GFV).

How does PCP actually work?​

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At Unity Automotive, we offer Personal Contract Purchase (PCP) as an excellent financing option for purchasing new or used cars. Our PCP plan allows you to spread out the cost of your dream vehicle over a fixed period while enjoying flexible repayment options. With our diverse range of vehicles, you'll find the perfect car to suit your preferences and budget.

With a PCP, you can drive the car you desire without the burden of full ownership or hefty upfront costs. It combines the benefits of a Hire Purchase Agreement, providing you with financial flexibility and the opportunity to upgrade your vehicle in the future.

When you choose Unity Automotive's PCP, the first step is selecting a vehicle from our extensive inventory of new and used vehicles. Our wide selection ensures that you have plenty of options to find the perfect match for your needs.

Once you've chosen your ideal car, our finance experts will guide you through the PCP agreement process. We'll discuss terms, interest rates, and contract duration to ensure you make an informed decision. PCP agreements usually range from two to four years, allowing you to tailor the contract to your financial situation.

Our PCP agreement divides the total cost of the vehicle into affordable monthly payments, including depreciation and interest charges. You have the flexibility to customise your agreement by adjusting the initial deposit, monthly repayment amount, and anticipated annual mileage. This customisation allows you to match the agreement to your specific financial needs and driving requirements.

Throughout the PCP agreement, you'll enjoy full use of the vehicle as if you were the owner. You will be the registered keeper. When the agreement concludes, you have three options to choose from:

  1. Return the Car: If you no longer wish to keep the vehicle, you can return it to Unity Automotive. As long as the car is in good condition and within the agreed-upon mileage limits, you'll have no further financial obligations.
  2. Purchase the Car: If you've fallen in love with your car and want to keep it, you can choose to purchase it outright. The final purchase price is determined by the Guaranteed Minimum Future Value (GMFV) agreed upon at the beginning of the PCP contract.
  3. Trade-In or Refinance: You can use the equity built during the PCP contract to trade in your current vehicle for a newer model, starting a new PCP agreement. Alternatively, you can refinance the remaining balance and continue driving the same car for an extended period.

At Unity Automotive, we prioritise customer satisfaction and provide ongoing support and maintenance services throughout the PCP agreement. At regular intervals, our team will be in touch with you to ensure that your current agreement is still suitable for your needs, and give you opportunities to upgrade if eligible.

In summary, Unity Automotive's PCP offers you the flexibility to drive your desired new or used car with manageable monthly payments and various end-of-contract options. Experience the benefits of vehicle ownership without the immediate financial burden by choosing our PCP.

What are the advantages of PCP?

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  • Monthly payments on a car financed by PCP are usually lower than if your car is financed by a Hire Purchase agreement.
  • If you decide not to buy the car, you can simply walk away when you've made all the payments.
  • Similar to PCH, you can drive away a new or used car every few years (dependent on the chosen term) without worrying about selling it on.
  • If your car is worth more than the Guaranteed Future Value then you can use that equity towards a deposit on a new car.

What should you consider when option for a PCP?

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  • If you want to buy the car you will need to pay your final balloon payment (the Guaranteed Future Value).
  • Similar to PCH, you will need to agree on a mileage allowance at the beginning of your contract and there may be excess mileage charges if you exceed this.
  • You won’t be able to sell the car without settling the finance.
  • You won’t own the car until you have made all of your repayments.
  • You’ll need to keep the car properly insured, maintained and in your possession until the full value is paid off.

Can I settle my PCP agreement early?

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You can normally settle your agreement early by asking the finance company to provide you with a settlement figure. However, the finance company will require you to pay off the difference between what your car is worth, and what you still owe and there may be a difference which is known as negative equity. On the other hand, you may find that at the end of your term your car is worth more than the Guaranteed Future Value, which means you will have some positive equity to contribute towards your next car.

What is Hire Purchase (HP)?

Hire Purchase (HP): Our Hire Purchase option is a straightforward and traditional form of vehicle financing. With HP, you make fixed monthly payments over an agreed-upon period until you fully own the car. This option offers stability and simplicity, allowing you to budget effectively and plan for the future.

What are the advantages of HP?

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  • You’ll be able to drive away a car that you may not have managed to buy outright.
  • Unlike a PCP or PCH contract, you won't need to estimate your mileage at the start of your Hire Purchase agreement, so you'll avoid excess mileage charges.
  • Once you’ve made your final monthly payment, including the option to purchase fee, you'll have full ownership of the car.

What should you consider when opting for HP?

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  • Monthly payments may be higher than some other finance options, such as PCP, as you're paying off the full value of the car.
  • You won’t be able to sell the car without settling the finance.
  • You won’t own the car until you have made all of your repayments.
  • You’ll need to keep the car properly insured, maintained and in your possession until the full value is paid off.

Can I settle my HP agreement early?

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The short answer is yes, you can end your finance early. There are different provisions within each finance agreement that allows you to do just that. If you have got through two-thirds of the way through your finance agreement, the options to end the finance agreement early open up.

For a Hire Purchase agreement, there is an option of paying it off early through a settlement fee. A settlement fee covers the cost of any remaining unpaid instalments and interest payments remaining on the agreement. Once the settlement fee is paid, you take full ownership of the car early.

Under a Personal Contract Purchase agreement, you can also pay a settlement fee for bringing the agreement to an end early. After that, you can choose to hand the car back or you have a second option. Through a PCP agreement, you can take full ownership of the car by paying off the remaining Guaranteed Minimum Future Value also known as a balloon payment.