Honda Financial Services is part of the Honda Motor Company. Our sole purpose is to provide simple, flexible and convenient finance to Honda customers for their Honda products.
With monthly car finance payments available, there's every chance you could be choosing a higher grade model than you imagined. When it comes to buying your car, we want you to have a choice of your favourite model AND how to pay for it.
Read more about our options and watch the accompanied videos below.
Choose your desired vehicle, along with a deposit, the length of the agreement and a maximum mileage. At the end of the period you have the option to buy the car outright for an agreed amount, known as the GMFV (Guaranteed Minimum Future Value), or return the vehicle back to the lender (within agreed fair wear and tear limits) with absolutely no further obligation.
Benefits Of Personal Contract Purchase
At the end of the agreement you may choose from the three following options:
Option 1 - Renew your vehicle and drive away in a brand new Honda. Use any excess value over the GMFV as deposit on your new vehicle.
Option 2 - Return the car. Providing the vehicle does not exceed agreed fair wear and tear limits and has not exceeded the agreed mileage, you having nothing more to pay.
Option 3 - Retain your vehicle. Pay the GMFV and you own the vehicle.
This is the traditional package which involves taking the total cost of your chosen vehicle, deducting a deposit amount, and then choosing the length of the agreement. Interest is added, and monthly instalments are calculated. Assuming all payments are met, at the end of the agreement, the vehicle is yours.
Benefits Of Hire Purchase
With PCH from North Wales Honda, you will pay an agreed number of advance rentals plus VAT followed by remaining rentals plus VAT for the contract term. The vehicle must then be returned to the finance house.
Benefits Of Personal Contract Hire
For businesses that prefer to hire vehicles rather than own them outright, Honda Contract Hire offers tailored monthly rentals for easy budgeting. Agree your contract term and mileage to suit your business needs and at the end of the agreement simply hand the car back.
Benefits Of Honda Contract Hire