Finance Solutions to Meet Your Needs

At SA Elite Group we have years of experience in providing finance solutions that meet the needs of our customers.

We are FCA Authorised, and our team of experts are on hand to discuss your requirements in order to put together a bespoke, competitive proposal, even if your credit rating is not as good as you would like it to be. We offer a friendly, knowledgeable approach and have a wide range of financial products and services available.

Hire Purchase or Personal Contract Purchase

We offer you the choice of a Hire Purchase or PersonalContract Purchase finance agreement. Both agreements can be created for car finance deals with no deposit. Which is best for you depends on your individual circumstances. We’ll explain the main differences below to shed clarity on the matter:

Hire Purchase (HP)

Hire Purchase agreements are a type of credit where once you have paid the total loan amount, you own the vehicle.During the loan term, the financer owns the vehicle. Once you repay them in full, ownership passes to you. Typically,Hire Purchase agreements have higher monthly payments because you are repaying the total car amount. With a Personal Contract Purchase, you repay only part of that amount.

Personal Contract Purchase (PCP)

Personal Contract Purchase agreements are a type of credit where you pay off instalments to cover part of the cost of a car. Once you have paid off the amount as set out in the agreement, you hand the car back to the owner, who is the financer. Alternatively, if you want to keep the car, you can refinance the remaining cost of it. This is called the balloon payment. It is based on the guaranteed future value (GFV) of the car.