Understanding Suzuki Finance Options: A Complete Guide

We know that navigating finance can feel overwhelming, which is why we're here to simplify the process and help you find the perfect package to meet your needs. Below, you'll find clearly labeled sections that explain the three main ways to finance a new car, with a brief overview of each option and its key benefits.

When it comes to affordability, we can customize a quote that fits your monthly budget and available deposit. Whether youre interested in a new or used car, our finance options cover a wide range, so we're confident you'll find something that suits your requirements. Not sure which car is right for you? Use our finance application tool, located in the finance section of our website, to explore your options.

Don't hesitate to reach out—there are no silly questions. While this may be new to you, it's something we handle every day. Give us a call to book an appointment, and we’ll ask a few questions about you and how you typically use your car. Together, we’ll find the best way to finance your next vehicle. After all, we're proud to be the most trusted car brand in the UK!

Keep reading to learn more about the different finance options available, so you can make an informed decision and get the most out of your purchase.

Personal Contract Purchase (PCP)

what is PCP?

Personal Contract Purchase is a Suzuki 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.
A Personal Contract Purchase agreement is ideal if you'd like to keep your options open as you won’t be paying the full value of the car (unless you decide to buy it at the end).

Other benefits of Personal Contract Purchase include...

• Flexible deposit options
• Fixed interest rate over your chosen period (2-4 years)
• Fixed monthly repayments to suit your budget
• Set your annual mileage up to 24,000 miles.
• Borrow any amount from £3,000 for new vehicles and from £2,000 on used.

Hire Purchase (HP)

What is HP?

Hire Purchase is a car finance agreement that allows you to spread the cost of buying a car over a period of time, and own the vehicle at the end of the agreement.
Ultimately, this means getting a car is more affordable as you can spread the cost of your car over a longer period of time.
With our hire purchase arrangements, you'll pay a fixed monthly cost for your Suzuki. You'll have flexibility in the amount you pay each month, depending on how much you decide to pay up front, the length of the agreement and the type of Suzuki you choose. Its also worth bearing in mind that credit is subject to status.

Other benefits of Hire Purchase include...

• Flexible deposit options
• Fixed interest rate and monthly repayments (including any interest) over your chosen period (1-5 years)
• Fixed monthly repayments to suit your budget
• You won’t be restrained to a certain mileage
• Choose any new or used car as long as the car is less than 14 years old at the end of the agreement

Personal Contract Hire (PCH)

What is PCH?

You first choose your new Suzuki 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.

The benefits of personal contract hire include...

• Hassle free motoring - road tax is included and no disposal worries
• Flexible initial rentals - choose between 1-12 months advanced payment which will help you set monthly rentals to suit your budget.
• The higher initial rental in advance you pay the lower the remaining monthly rentals will be
• Fixed monthly payments to suit your budget
• You can terminate the contract early by paying 50% of the remaining rental cost and any other charges incurred
• Optional vehicle maintenance packages to make sure your car stays in good condition

If you're still unsure, feel free to visit our dealership, Browning Suzuki, if you're in Melton Mowbray, Grantham, Leicester, Loughborough, Oakham, or the surrounding areas—we'd be happy to see you, no matter where you're from. Alternatively, you can give our sales team a call at 01664 560266, and we'll be more than happy to assist you over the phone. We're always here to help!