Buy your next car with Suzuki Finance
Our finance plans allow you to spread the cost of a new or used car into affordable, monthly payments to suit your budget, instead of paying the full amount up-front.
You can apply for finance on new and used cars directly via our website, simply use our finance calculator to find the perfect agreement to meet your budget then apply and get an instant decision.
Why finance through us?
Each of these products works a little differently, but in all cases, Suzuki Finance purchases the vehicle on your behalf and owns it for the duration of the agreement.
With PCP and HP finance, you’ll have the option to own the car at the end of the agreement once all repayments including any interest have been made, whereas with Contract Hire you must return the vehicle.
Deposits
When buying a car on finance you might be required to pay a deposit due to the high monetary value of the vehicle. This deposit will secure the car to be sold to you and not another person, and will also help to lower the monthly repayments required on the finance agreement.
You can choose how much initial deposit to pay, as well as your agreement term and monthly payments. In some cases, Suzuki Finance can offer zero deposit options, which can be helpful if you have limited savings when looking to buy a new or used car.
Hire Purchase (HP)
HP is ideal if you want to own the car at the end of the agreement. Decide how much deposit you want to pay, then pay equal monthly repayments over your chosen period. Once all the repayments have been made including any fixed-interest you will become the owner of the vehicle.
Benefits & considerations
- Borrow any amount from £3,000 for new cars and from £2,000 on used.
- Repay over 1-5 years depending upon age of vehicle.
- Decide how much deposit you want to pay (0% may be available).
- Fixed interest rate and monthly repayments.
- No mileage restrictions.
- Age of car must be less than 14 years old at the end of the agreement.
- More risk of depreciation than with PCP, so if the vehicle’s value depreciates faster than expected, you will continue paying the fixed monthly payments.
Personal Contract Purchase (PCP)
PCP is a great way to help you buy your dream car with lower monthly repayments than a HP product, since a large proportion of the amount you repay is deferred into a lump sum final repayment. At the end of the agreement, you can either part exchange the car, return it or own it.
Benefits & considerations
- Borrow any amount from £3,000 for new cars and from £2,000 on used.
- Repay over 2-4 years depending upon age of vehicle.
- Decide how much deposit you want to pay (0% may be available).
- Fixed interest rate and monthly repayments.
- Set your annual mileage up to 24,000 miles.
- Excess mileage charges may apply if you exceed your agreed mileage and return it.
- Age of car must be less than 7 years old at the end of the agreement.
- Part exchange on PCP finance could be worth less than the optional final repayment leaving you a shortfall to pay.
Personal Contract Hire (PCH)
PCH is a fixed cost rental agreement with no option to purchase the vehicle at the end of the agreement. Pay an initial rental in advance, followed by fixed monthly rentals to suit your budget, then simply return the car at the end of the agreement.
Benefits & considerations
- Hassle-free motoring – road tax is included and no disposal worries.
- Flexible initial rentals from 1-12 months advanced payment.
- Fixed monthly payments.
- Terminate the contract early by paying 50% of the remaining rental cost.
- No ownership option at the end of the agreement.
- Optional maintenance packages to ensure the car stays in good condition.
- Excess mileage charges apply if you exceed your agreed mileage.
- Vehicle condition must be in line with BVRLA guidelines to avoid charges on return.
Breakdown of products
HP | PCP | PCH | |
---|---|---|---|
Deposit required | Yes. Flexible. 0% may be available | Yes. Flexible. 0% may be available | Yes. 1-2 months initial rental |
Agreement length | 1-5 years | 2-4 years | 2-5 years |
Fixed payments | Yes | Yes | Yes |
Lump sum final payment | n/a | Yes | n/a |
Maximum age of car at agreement end | 14 years | 7 years | 5 years |
Ownership option | Yes | Yes. If you pay lump sum final payment | No. Vehicle must be returned |
Return option | n/a | Yes | n/a |
Excess mileage charges | n/a | Yes. If exercise goods return option | Yes. If contracted mileage exceeded |
Part exchange | Yes | Yes | n/a |
Voluntary termination rights | Yes | Yes | n/a |
Fully comprehensive insurance required | Yes | Yes | Yes |
Ability to amend monthly payment due date | Yes. Once every 12 months | Yes. Once over lifetime of agreement | Yes |
Terms & Conditions
Hire Purchase (HP): Finance is available to UK residents aged 18 years or over, subject to status. Suzuki Finance is a trading style of Suzuki Financial Services Limited, part of Lloyds Banking Group, St William House, Tresillian Terrace, Cardiff, CF10 5BH.
Personal Contract Purchase (PCP): Credit is available to UK residents aged 18 years or over, subject to status. If finance is needed when making a part exchange, you will need to enter into a new agreement (subject to status). Under the goods return option, you will have to make additional payments if the car is not in good condition for its age and mileage, or if the car has exceeded its allowed mileage. Suzuki Finance is a trading style of Suzuki Financial Services Limited, part of Lloyds Banking Group, St William House, Tresillian Terrace, Cardiff, CF10 5BH. Personal Contract Hire (PCH): Personal Contract Hire is provided subject to status by Suzuki Personal Contract Hire, which is a trading style of Lex Autolease Limited. Registered office: 25 Gresham Street, London EC2V 7HN. Applicants must be over 18 and a UK resident. Ownership of the vehicle remains with Lex Autolease Limited and the vehicle must be handed back at the end of the term. Return and mileage conditions apply.