PCP (Personal Contract Purchase) and Hire Purchase (HP) are two common ways to finance a car purchase, and they have some key differences:
PCP (Personal Contract Purchase):
Hire Purchase (HP):
In summary, PCP typically offers lower monthly payments but requires a larger final payment if you decide to own the car outright. It also offers more flexibility at the end of the term regarding whether to keep the car, trade it in, or return it. On the other hand, Hire Purchase involves higher monthly payments but guarantees ownership of your car without any large final payment at the end of your finance journey.
Toyota Financial Services at Denis Mahony provides a range of flexible and affordable finance options for new cars and commercial vehicles, as well as Approved Used vehicles. Discover the main benefits of our products.
You may be surprised how easily you could be driving away from one of our Denis Mahony showrooms in your dream car!
Established for over 50 years, we have enjoyed an unparalleled reputation as a Motor Group and Finance Intermediary in the Irish marketplace.
The quality and reputation of our dealership submitting your application, is of paramount importance when it comes to underwriting criteria in relation to a motor loan application.
If you are thinking of changing your car, our qualified Business Managers have extensive experience in tailoring the most suitable products and applications to suit your needs.