Car Finance for Wheelchair Accessible Vehicles

Welcome to FMC Cars - your trusted car finance broker for Hire Purchase (HP) and Personal Contract Purchase (PCP) agreements. We are here to help you make the right decision when looking at finance options for your next wheelchair accessible vehicle that are available.

Whether you want to discuss Hire Purchase, or maybe you would like to look at Contract Hire/PCP, we have you covered.

We understand that finding the right car finance option can be a daunting task. That's why we're here to help. At FMC Cars, we work with a wide range of lenders to provide you with a comprehensive range of car finance options. Whether you're looking for HP or PCP finance, we've got you covered.

A number of the finance options we offer are explained in the videos below. For more information contact us through the enquiry form or call us to discuss with one of our expert team.

What is HP Finance?

Hire Purchase Finance is a type of loan that is specifically designed for individuals or businesses who wish to purchase an item, such as a vehicle or equipment, but cannot afford to pay for it in full upfront. HP Finance allows the borrower to spread the cost of the purchase over an agreed period of time, typically between one and five years.

How does HP Finance work?

When you take out an HP Finance agreement, the lender will purchase the item on your behalf and then hire it out to you over the agreed period. The borrower will typically need to make a deposit, followed by a series of monthly payments. Once all payments have been made, the borrower will own the item outright.

Benefits of HP Finance

There are several benefits to choosing HP Finance as a way to purchase a vehicle or equipment. These include:

Affordable monthly payments

One of the most significant benefits of HP Finance is that it allows you to spread the cost of the purchase over time, making it more affordable to pay for in smaller monthly payments.

What is PCP Finance

PCP (Personal Contract Purchase) finance is a type of car finance agreement that is commonly offered by car dealerships and finance companies. It is a popular option for individuals who want to purchase a new car but cannot afford to pay for it outright.

PCP finance works by dividing the cost of the car into three parts: the deposit, the monthly payments, and the final payment. The deposit is a lump sum paid at the beginning of the agreement, usually between 10-30% of the total cost of the car. The monthly payments are then spread out over a fixed term, typically between 24-48 months.

At the end of the term, there is a final payment, also known as the balloon payment or Guaranteed Future Value (GFV), which is a lump sum that is agreed upon at the start of the agreement.