Car Finance Deals & Offers

Finance Deals From Dick Lovett

Finance deals from Dick Lovett

Dick Lovett offers the perfect combination of quality and value with a wide range of finance deals and special offers to make buying your next new or Approved Used car as easy as possible.

We have finance plans for BMW, MINI, Jaguar, Land Rover, BMW Motorrad and Aston Martin. Whatever your needs and budget, we have a great deal to help you drive away in your dream car or ride off on your perfect motorcycle.

There are also deals for vehicle leasing, payment plans to spread the repayments and further savings available on our special aftersales, servicing and parts offers. We offer fixed payments and representative APR, as well as some great 0% finance deals on various makes and models.

All of our current offers can be explored online today and further details are available by contacting your nearest dealership.

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If you have found your next car, but are unsure on how you want to finance it, you might need some help with the various payment options available. Whether it is your first time buying a car on finance or even if you have financed a car before, the jargon and acronyms surrounding finance payments might be confusing, so we have broken it down for you.

When you are putting a car on finance, you have three options: PCP, HP and PCH. To help you decide which option is right for you, we have summarised the key points below:

Finance Options

Personal Contract Purchase (PCP)

With a Personal Contract Purchase, you can swap your car at intervals between 24 and 48 months. This method is perfect if you are looking to have a new car every few years and don’t want to worry about your car depreciating in value. The Guaranteed Minimum Future Value ensures that the price you agree at the start of your contract will be the minimum price given when you hand your car back at the end of the agreement if you have kept within the mileage limit and the vehicle is in good condition.

What happens at the end of the PCP?

When you reach the end of your agreement, you have three choices; part exchange your vehicle for another car, keep the car and pay the final payment or hand it back and have nothing further to pay (subject to the mileage being within the agreed limit and the car being in good condition).

Steps to take out a PCP agreement:

  1. Select your next car from our new or used stock

  2. Decide on your repayment period, annual mileage, deposit and monthly payments

  3. You will then be given a Guaranteed Minimum Future Value

  4. Click and Collect your new vehicle

Finance Options

Hire Purchase (HP)

If you are looking for a straightforward way to own a new car, Hire Purchase is the best option for you. With this method you will pay off the entire value of the car, rather than just a percentage of it as you would with a PCP. The monthly payments will be higher than a PCP finance deal, but you will own the car at the end of the agreement.

What happens at the end of the HP?

At the end of the agreement, you will own the car if you have kept up with the payments.

Steps to take out a HP agreement:

  1. Select your next car from new or used our stock

  2. Agree a deposit, monthly repayment and repayment period between 12 to 60 months

  3. Click and Collect your new vehicle

Finance Options

Personal Contract Hire (PCH)

When you take out a Personal Contract Hire agreement, you do not own the car, so don’t need to worry about depreciation of the vehicle or selling it at the end of the contract. You have fixed monthly payments which can also include maintenance for the period you will be hiring the car.

What happens at the end of the PCH?

You simply give your car back with nothing more to pay (subject to the mileage being within the agreed limit and the car being in good condition).

Steps to take out a PCH agreement:

  1. Select your vehicle from our new car options

  2. Choose a hire period between 24 and 48 months, annual mileage and rental price

  3. Decide on a servicing and maintenance plan

  4. Click and Collect your new vehicle