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First, choose your deposit, agreement length and anticipated annual mileage. The lender then estimates the Peugeot’s future value, which becomes the optional final payment.
Your monthly repayments cover part of the vehicle’s price, plus interest and applicable fees. At the end, you decide whether to return, exchange, or purchase the car.
Deferring part of the vehicle’s value can make monthly repayments lower than equivalent HP payments. This makes current Peugeot finance deals attractive to drivers who enjoy changing cars regularly.
You also retain three choices when the agreement ends, allowing your next decision to reflect your circumstances at that time.
Select a realistic mileage allowance because exceeding it may result in charges when returning the car. You’ll also need to keep the vehicle in good condition based on the lender’s guidelines.
Review the deposit, optional final payment, APR and total amount payable. Consider whether returning, exchanging, or purchasing the Peugeot is most likely to suit your longer-term plans.
Yes. Ask your finance provider for a settlement figure before taking further action. This will show the amount needed to clear the agreement, including any applicable interest rebate or charges.
Compare this figure with the cost of continuing before deciding whether early settlement represents good value.
Agree a deposit and repayment term, then pay the outstanding vehicle price and interest via regular monthly instalments. The finance provider owns the Peugeot throughout the agreement.
After completing every required payment, including any applicable purchase fee, ownership transfers to you without a large optional final payment.
HP provides a clear route to ownership via predictable monthly repayments. There are normally no contracted mileage limits, making it suitable for drivers whose annual mileage may vary.
With no substantial balloon payment awaiting you, the end of the agreement remains refreshingly straightforward.
Monthly repayments are usually higher than PCP payments because you finance more of the vehicle’s price during the term. Consider the deposit, APR, agreement length and total amount payable.
You can’t sell the car until you’ve made all the payments or paid off the finance agreement before the end of the term.
Yes. Contact your finance provider to request an early-settlement figure. Paying the quoted amount clears your remaining obligation and may reduce the interest you would otherwise pay.
Check any applicable fees and confirm that settlement is affordable before proceeding.
Choose how much you need to borrow and the period over which you want to repay it. A deposit or part exchange may reduce the required loan.
Once approved, the funds contribute towards the vehicle purchase. You then make fixed monthly repayments covering the borrowed amount and interest until the agreement is complete.
A PML combines regular repayments with no optional final payment or contracted mileage allowance. Its straightforward structure often appeals to drivers who want ownership without making another decision when the term ends.
Eligibility and interest rates may depend on your circumstances and credit profile. Compare the APR, repayment period, monthly amount and total cost before accepting an agreement.
A longer term can reduce monthly repayments but may increase the overall interest paid.
Yes. Ask your lender for an official settlement figure showing the remaining balance and any applicable rebate or charges.
Early repayment may lower your total borrowing cost. Review the figures carefully before deciding whether settling now is preferable to continuing with the scheduled payments.
Contact our customer service team today who will be delighted to help
Vospers Motor House Ltd t/a Vospers
Reg Office: Marsh Mills, Plymouth, Devon PL6 8AY
Reg Company No. 00496634
Reg VAT No. 144 1479 74 GB
Vospers is a family-run motor dealer group based in the South West of England that has been serving generations of customers since 1946. Vospers offers new and used car, van, and pick-up as well as aftersales care across Devon and Cornwall with dealerships located in Exeter, Torbay, Plymouth, St Austell, and Truro. Vospers represents a number of top manufacturer franchises, including: Ford, Peugeot, OMODA, JAECOO, MG and Vauxhall. Vospers means motoring in the South West. Read More
