Car Finance

Competitive, flexible finance agreements are just one of your payment options when you decide to purchase a car from Hodgson. As a monthly payment method, it spreads the cost for simpler finance management. As a way of making a one-off payment, it could be much cheaper than a traditional bank loan.

Vehicle finance is available across the range at all of our dealerships. When buying a new Mazda, Toyota or Suzuki, benefit from one of our exclusive offers. With monthly amounts – and typically the interest rate – fixed for the duration, you will always know how much you need to pay.

The three most common types of car finance plans are:

  • Personal Contract Hire (PCH)

This type of agreement does not give you the option to own the car at the end of the plan. It means you benefit from using the vehicle for a fixed period without worrying about depreciation. Payments on PCH are also likely to be lower than on plans with the choice to purchase.

Find out more about Personal Contract Hire here on our website.

  • Hire Purchase (HP)

Make a deposit and then regular monthly payments as a route to ownership. A Hire Purchase plan could give you a wider choice of vehicles, depending on the deposit you are able to pay.

We can give you full details on Hire Purchase to help you make up your mind.

  • Personal Contract Purchase (PCP)

This is one of the most flexible and popular options. The monthly payments on PCP are different to those made on a hire purchase as they cover just the depreciation of the vehicle - the difference between the car's value now and at the end of the agreement.

For more information about Personal Contract Purchase, click through below.

Contact your nearest Hodgson team in Newcastle or Gateshead for the best finance option for your budget and circumstances.

Make an Enquiry

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