Finance at GoMotive Limited

Finance Options

While GoMotive Limited is not a finance-regulated entity, we can introduce you to Jigsaw Finance Limited  who work with a large panel of finance providers, to try and secure you the lowest finance option for your vehicle based on your affordability and personal circumstances.  Here’s some information on the different types usually available:

Hire Purchase or Personal Contract Purchase

Jigsaw Finance can offer you the choice of a Hire Purchase or Personal Contract 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.

We can introduce you to Jigsaw Finance who will try to offer you the lowest rate based on your personal circumstances and affordability.

For more information and to start the process of applying for finance, please fill the application form with as much detail as possible by clicking the Apply Now link below..

Then a member of their team will get back to you as soon as possible.

Jigsaw's offer both HP and PCP, see their product guide for more information.