What's the difference between PCP and HP finance?

Personal Contract Purchase (PCP) involves lower monthly payments, a final optional balloon payment if you wish to keep the car, and flexibility to return the vehicle or part-exchange it at the end. Hire Purchase (HP) features fixed monthly payments throughout the term, automatic ownership once the final payment is made, and typically higher monthly payments than equivalent PCP.

At Dicksons of Inverness, our finance specialists explain both options in detail, helping you choose based on your budget, how long you keep vehicles, and whether you want ownership or flexibility. Both options are available on new and used vehicles.