Finance
We understand that buying a vehicle is a major decision, which is why at Urban Vehicles Limited, we’re committed to making the process straightforward and stress-free. Our friendly team is here to guide you at every step, ensuring you’re confident and informed throughout your car-buying journey. To help make your next car more affordable, we offer a variety of flexible finance options tailored to suit your needs and budget. Whether you’re looking for a practical family car or something sportier, we’ll help you find a deal that works for you. Finance is an important part of the process for many of our customers, so we’ve partnered with trusted finance providers to offer competitive rates, clear terms, and complete peace of mind.
Car Finance Explained
There are three main types of finance deals that you might want to consider:
Hire Purchase
At Urban Vehicles Limited, Hire Purchase (HP) is a popular and straightforward way to finance your next car. This type of finance agreement is secured against the vehicle, making it a great option for those who want to spread the cost over a set period. You’ll usually start with an initial deposit, followed by fixed monthly payments that include interest. Once all the instalments have been paid, you’ll own the car outright. It’s a clear and reliable method to get behind the wheel of your ideal vehicle with manageable payments and no surprises.
Personal Contract Purchase (PCP)
At Urban Vehicles Limited, Personal Contract Purchase (PCP) is a great option for those who enjoy changing their car every few years without committing to a large upfront payment. With PCP, you’ll typically pay an initial deposit followed by fixed monthly instalments. At the end of the agreed term—usually around three years—you’ll have the flexibility to either pay the remaining balance (also known as a balloon payment) to own the car outright, return the vehicle with no further obligation (subject to mileage and condition), or use any remaining equity towards a new deal on your next car. It’s a flexible and affordable way to drive the car you want.
Personal Leasing (Contract Hire)
At Urban Vehicles Limited, Personal Leasing — also known as Contract Hire — is a hassle-free way to drive a brand-new car without the long-term commitment of ownership. You simply choose your car, agree on a contract length and mileage limit, then make fixed monthly payments for the duration of the lease. At the end of the term, you return the car with no further obligations, making it a great option for those who like driving the latest models without worrying about depreciation or resale. It’s a flexible, convenient solution for drivers who value simplicity and predictability.