Finance at GT Garages

At GT Garages, whatever the price of the car you’re buying we realise that getting the right finance package that suits your budget is as important as the car you’re buying.

That’s why we work hard to ensure that we have the most competitive and easy to understand finance options available.

Funding Options Available:

HIRE PURCHASE

Hire Purchase is one of the finance products offered by KGM Finance to help spread the cost of buying a car. It’s a great choice if you want to own your car at the end of the agreement.

KGM Finance owns the vehicle for the duration of the finance agreement. You will become the owner of the vehicle after all the repayments including any interest has been paid.

PERSONAL CONTRACT PURCHASE

Personal Contract Purchase is a KGM Finance that can help you buy your dream car with lower monthly repayments than a Hire Purchase product. This is because a large proportion of the amount you repay is deferred into an optional final repayment.

The main difference with Personal Contract Purchase, is the option to choose what you do at the end of the agreement. You can part exchange the vehicle, return the vehicle (return conditions apply), or pay the optional final repayment and own the vehicle.

PERSONAL CONTRACT HIRE

Personal Contract Hire is a fixed cost rental agreement. You first choose your new KGM car, pay an initial rental in advance, followed by fixed monthly rentals to suit your budget. You can even choose an optional maintenance package as part of your agreement which can help take away the hassle of keeping your vehicle in good condition.

It’s different from Personal Contract Purchase (PCP) because there is no option to purchase the car at the end of the agreement and the vehicle must be returned.