Finance Explained

Which car finance option is best for your needs?
There are a range of options available to help you finance your car:



Why Finance through Mangoletsi?

Looking to buy a new or used vehicle?, we have a few options available for you and when it comes to raising the funds.

The information below helps you to understand what finance options are available. Remember, with any finance agreement, you're committed to making repayments of the agreed amount over the term of the loan.

That's why it's so important to ensure that you get the most appropriate finance option for you, one where you can comfortably afford to meet the repayments on your car and at a cost-effective price.




Personal Contract Purchase (PCP)

Personal Contract Purchase (PCP) is when you will usually pay an initial deposit, followed by monthly payments. Then at the end of your payments, a final payment remains. You can either pay this in order to buy the car, part exchange for a new car or hand the car back.




Personal Contract Hire (PCH)

You take control of the car for a contractual period on Personal Contract Hire (PCH). You make fixed monthly payments and when the contract expires you return the car, or take out a new contract on a brand new vehicle.




Hire Purchase (HP)

Hire Purchase (HP) is when you normally pay a deposit and then followed by monthly payments, which can be set by you. Once the final payment is made, the HP contract ends - and then you own the car

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