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Car Finance
What is Car Finance?
Car finance is a financial agreement that allows you to purchase a car without paying the full cost upfront. It's essentially a loan that's specifically designed for vehicle purchases.
Different Types of Car Finance
You pay a deposit and then make regular payments over a set period. At the end of the term, you own the car.
Hire Purchase (HP)
You pay a deposit, make regular payments, and then have the option to purchase the car at the end of the term (called the "balloon payment")
Personal Contract Purchase (PCP)
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