Personal Contract Purchase for Jaguar (PCP)
PCP is one of the best ways to purchase a new or used car today, it allows customers to purchase a car of their choice at a very attractive fixed monthly finance payment, with the benefit of a low initial deposit outlay and a guaranteed minimum future value at the end of the agreement.
Lease Purchase for Jaguar (LP)
Lease Purchase is sometimes referred to as Hire Purchase with a balloon and is structured in a similar way PCP, however unlike PCP there is no guarantee offered at the end of the agreement, customer can defer a capital lump sum amount until the end of the agreement.
Hire Purchase for Jaguar (HP)
Hire Purchase (HP) is very similar to borrowing a sum of money from a bank and paying it back over a fixed period of time, with interest. Hire Purchase is a type of secured loan which are often preferred over alternative (unsecured) loans because they allow a greater borrowing limit.
Balanced Payments for Jaguar
Balanced Payments is one of the most flexible types of vehicle finance products, offering much lower monthly payments. The interest rate is tracked to LIBOR, so you pay a fixed payment throughout the agreement. Any variation of interest is adjusted at the end of the contract.
Capital Car Finance Specialise in Low Rate Car Finance for Jaguar, including PCP Finance, Lease Purchase and Balanced Payments.
Capital Car Finance is an independent finance provider offering customers a choice of new and used car finance products. Because we are not linked, associated or connected to a manufacturer, it means we have access to a number of UK car finance providers, enabling us to offer customers some of the most competitive funding products in the market today.
Car Finance for Jaguar Cars - Introduction
Capital Car Finance has some amazing finance deals available for both new and used Jaguars, our PCP [Personal Contract Purchase] and LP (Lease Purchase) car finance schemes have been enjoyed by our customers for many years and now with the introduction of balanced payment finance product, we have something available for everyone.
We pride ourselves on our transparent "one to one" professional service, which is why most of our customers come back to us time and time again, please see our testimonials for more information. Our car finance products are available for all Jaguar vehicles up to 3 years old, providing they are supplied by an approved UK Jaguar dealership, we have deals available for both business customers or private customers.
Please find details below on all our available new and used Jaguar car finance products, alternatively why not give us a call to discuss the various options we can offer with a dedicated experienced adviser, you can call us either our freefone number 0800 043 4340 or national 01925 589020.
PCP Car Finance for Jaguar - How does it work?
PCP Car Finance has become one of the best ways to purchase or finance a new or used Jaguar today, personal contract purchase allows you to purchase any Jaguar car of your choice at an affordable fixed monthly payment, with an initial low deposit and a guaranteed minimum future value (GMFV) or buy back at the end of the agreement term.
At Capital Car Finance we have the ability to offer our customers a very low rate of interest (From just 7.9% APR) together with industry leading GMFV's making Jaguar cars very affordable.
PCP Car Finance is very useful if you drive a company car and are opting out of a company car scheme for example (Cash for Car), because you can use your company car allowance or mileage reclaims to fund your monthly PCP payments and avoid paying excessive company car taxes.
Monthly payments are fixed with PCP for the repayment period, which is normally two, three or four years and the added flexibility of PCP car finance gives you several options at the end of the agreement:
Option 1 - Return to finance company
If you think your Jaguar is worth less than the GMFV you can simply return it to the finance company. As long as your Jaguar is in good condition and has not exceeded the agreed mileage set at the beginning of the contract, you have nothing more to pay, the finance company guaranteed this future value and they will absorb any loss.
Option 2 - Keep the vehicle
If you want to own your Jaguar, you can simply pay off the outstanding GMFV final payment to the finance company.
Option 3 - Part Exchange with dealer
You can part exchange your Jaguar with any motor dealer for another vehicle purchase, regardless of whether it is an Jaguar or not and if the trade-in value is greater than the final GMFV, this sum can be used as a deposit on your next car finance agreement, alternatively, you can sell the Jaguar privately and keep any profit over and above the final GMFV.
Benefits of Personal Contract Purchase for Jaguar (PCP)
- Low initial deposit
- Flexible deposit term
- Fixed repayments
- Guaranteed final payment
- Low monthly payments
- Guaranteed equity available PCP
The personal contract purchase plan for Jaguar provides the benefits of driving a higher specification Jaguar for lower monthly payments, unlike traditional methods of car finance, this is achieved by deferring a percentage of the total cost of the Jaguar to the end of the contract, which is the guaranteed minimum future value or GMFV as its more commonly known as.
This guaranteed minimum future value (GMFV) and is the key difference between PCP and traditional forms of car financing such as Hire Purchase. The GMFV plus your deposit is subtracted from the selling price of the Jaguar and your monthly payments are based on the balance (plus interest on the balance and the GMFV). Effectively, you will make lower payments than traditional financing simply because you are essentially only funding the depreciation.
Excess Mileage
At the beginning of the agreement, you decide on the total mileage you expect to do. If, at the end of the agreement, having chosen to hand your Jaguar back to the finance company, your mileage exceeds the agreed level, you simply pay a fixed amount for every extra mile.
Wear and Tear
It is in your interest to minimise your Jaguar's 'wear and tear' and not exceed the agreed mileage. When the agreement has finished, the vehicle may well be worth more than the GMFV, providing you with extra value, In simple terms 'normal wear and tear' means that for its age and mileage, the Jaguar is in fair working order, condition and repair.
Lease Purchase for Jaguar - How does it work?
Lease Purchase is sometimes referred to as Hire Purchase with a balloon and is structured in a similar way to Personal Contract Purchase or PCP car finance.
The customer will normally benefit from a slightly lower finance rate with an lease purchase car finance for Jaguar as there is no guarantee offered at the end of the contract, the deferred lump sum amount at the end of the agreement is known as the Residual Value (RV) or balloon, and this has to be paid by the customer for outright ownership of the Jaguar. Deposits for Lease Purchase are flexible and are normally a minimum of 10% and a maximum of 40% of the total vehicle price, repayment periods are taken over 3 or 4 years typically.
The Residual Value (RV) (sometimes called the balloon) at the end of the agreement reduces the regular monthly payments accordingly, thus making vehicles that traditionally have a strong Residual Value (RV) like Jaguar, more suitable for this type of product as they make repayments far more affordable.
The Residual Values (RV) is calculated and set at the beginning of the lease purchase finance agreement but is not payable until the end of the contract, there are realistically two options for lease purchase at the end of the term, 1. Pay off the residual value in cash or settlement by part-exchange or 2. Some lenders will allow the residual value to be spread over a secondary period and refinanced again.
Benefits of Lease Purchase
- Lower deposits available.
- Cost effective rentals due to residual values.
- No tie to mileage contract.
- No lock in and settlement can be made at any stage of the agreement.