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Ford finance secures you the funding for your next car. We create bespoke Ford finance deals for every customer, ensuring it’s tailored to your needs and budget. The Pentagon Ford finance team are SAF-approved specialists who are here to help you secure funding whilst making the process quick and convenient. To guarantee your happiness, our panel of lenders offer:
Learn more about your finance options by getting in touch with your local Pentagon Ford dealership. Or come visit us to explore our range of new and used Ford cars.
Learn more about each type of Ford finance below, including PCP, HP and PCH.
PCP |
HP |
PCH |
|
Initial Payment? |
Y |
Y |
Y |
Own the car at the end? |
Y* |
Y* |
N |
Fixed payments? |
Y |
Y |
Y |
Final payment? |
Y |
Y** |
N |
Mileage charges? |
Y |
N |
Y |
*If you choose to pay the final payment.
**Not all HP agreements will have a balloon payment.
Each type of Ford car finance works differently. Explore detailed information on each type below, including how they work and their main benefits.
Personal Contract Purchase, or PCP, is a popular type of car finance. You get a new Ford car with low monthly payments with the option to buy at the end. And you get to choose the loan term, your annual mileage and deposit amount.
There’s an upfront deposit with monthly payments for the rest of your finance agreement. At the end, you can choose whether to give the car back or buy it by paying the balloon payment.
With PCP, you are actually paying for the loss in value of the car over the course of your finance agreement, rather than paying for the car’s actual monetary value. This means that you get fixed monthly payments that tend to be lower when compared to other finance types. You also don’t have to worry about depreciation either.
The main benefits of Ford PCP are low monthly payments, flexibility and the option to own.
As you’re paying for the depreciation of the car, monthly payments are lower. This is all based on annual mileage and the car’s value in the current market, allowing you to benefit from more affordable monthly costs.
You can reduce the payments even more by putting down a larger deposit too.
Another reason why PCP is such a popular choice is that it’s so flexible. Typically, the deposit is around 10% but you can put more down upfront to reduce how much you pay monthly.
You choose the duration of the agreement (usually from two to five years) and decide your annual mileage cap (usually from 5,000 to 30,000). Both loan duration and mileage cap will again affect your monthly payment.
At the end of your agreement, you have the optional balloon payment which allows you to own the car. If you want to own the car, simply pay the balloon payment and it's yours. There’s even an option to refinance this payment. If you don’t want to own the car, you can hand it back and close the agreement.
If you have positive equity in your PCP agreement, you can hand your car back as a deposit on your next PCP deal at Pentagon. You have plenty of options when PCP comes to an end.
Hire Purchase, or HP, is yet another popular type of car finance. You’re paying for the value of the car, so monthly payments are typically a bit higher compared to PCP. Even so, there’s an affordable option-to-buy fee at the end of your agreement, and you have no mileage cap.
Similarly to PCP, with HP you put down a deposit and then pay monthly payments. The main difference is that with HP you are paying for the car’s value and you own it at the end (if you pay the option-to-buy fee.)
Deposits are typically around 10% of the car’s value, with the rest of the price paid off monthly. Agreements usually last anywhere between one and five years, depending on how much you want to put down each month.
You get no mileage cap, a small option to purchase fee and fixed rates with Ford HP.
You have no mileage restrictions on a Ford HP deal. This is because you’re paying for the car, rather than its depreciation (unlike with PCP.)
This means you can drive as many miles as you want for the duration of your agreement without any extra charge.
If you want to own your car by the end of your agreement, there’s a small option-to-buy fee.
It’s typically around £100-£200, making it an easier way to own your car. So if you want to buy it you’re not presented with a lump sum cost.
Monthly payments and interest rates are fixed. This way you always know exactly how much you’re spending each month, making budgeting much easier.
Ford Personal Contract Hire is a lease agreement, getting you the keys to the latest cars with lower monthly payments with the choice of a new model every few years! You also have the option to include servicing and maintenance as part of your monthly payments to make your life easier.
If you don’t want to own your Ford car, PCH is a cost-effective way of funding your vehicle. You pay monthly and get a brand new Ford car, and you can choose to include servicing and maintenance for peace of mind.
Once your PCH agreement is up, you hand back the car and can choose your next model. There is no option to own the car as you are leasing it.
With PCH you get the latest cars every few years with fixed, lower payments and the option to include maintenance.
You can choose from the latest Ford cars, and as you’re leasing it you can typically get more for your monthly payment when compared to other types of finance.
Because your Ford car is brand new, you’re backed up by Ford’s warranties and you also don’t need to worry about MOTs for the first three years. You get all the fun of the latest vehicles with none of the hassle.
Once your Ford PCH agreement is signed off, your monthly payments are set in stone.
They’re not affected by interest rates either, so you’ll always pay the same amount every month.
You can make your driving experience even more convenient by including servicing and maintenance in your monthly payments.
This covers you for the duration of your agreement and means you don’t have to worry about the cost of routine work.
For specialist help and support, come to Pentagon Ford. We have a team of friendly accredited finance experts who are here to guide you in any way you need. We can run through your finance options, explain the simple application process and talk you through exactly what you will pay.
All of our Ford finance offers are fixed-rate with low or no deposit needed and are super simple to set up.
With Pentagon Ford, your monthly payments and interest rates are fixed for the full course of your agreement. You’ll always know exactly how much you’re paying each month for your Ford car.
The majority of our Ford finance offers only need a small deposit, whilst some don’t even require a deposit at all! At Pentagon, you won’t have to put down a massive lump sum for your perfect car.
We make the application process quick, convenient and simple. There are no forms to fill out when finalising your Ford finance package - we just need a few basic details at the time of the sale.
Use NewVehicle to find the perfect Ford finance package that’s suited to your needs.
Simply choose your car and NewVehicle will analyse your eligibility for funding. It predicts your chances of being approved for Ford car finance by using an advanced credit decision-making engine, applied to a range of approved lenders.
NewVehicle doesn’t affect your credit rating and is completely obligation-free.
At Pentagon Ford, we are Specialist Automotive Finance (SAF) Approved. This shows our continued commitment to increased professional standards and motoring finance knowledge.
Every Pentagon Ford dealership is SAF Approved. This means that everyone in the team who is customer-facing and involved in selling finance in some way has completed an SAF competence test.
Finance is subject to status. UK residents aged 18 or over. Guarantees and indemnities may be required. Pentagon Motor Group is a credit broker and not a lender and is authorised by the Financial Conduct Authority for credit-related regulated activities and insurance distribution activities, FRN680108. Pentagon Motor Group is paid a commission for introducing you to a finance lender. This can be calculated in a number of ways including by model, age, whether the vehicle is new or used and the amount you borrow. The amount we are paid will not affect the amount you pay under the finance agreement, all of which are set by the lender.
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Runcorn, Cheshire, WA7 2XP
St. Helens, Merseyside, WA9 5AD
Warrington, Cheshire, WA2 7NY
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If you have a query relating to Discretionary Commission Agreements please email customer.care@pentagon-group.co.uk However, please note that if your query related to a purchase more that 7 years ago we will no longer hold any details due to our data retention policy.
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