Personal Contract Purchase (PCP)
With a Personal Contract Purchase you can keep your monthly payments lower by deferring a significant proportion of the amount of credit to the final payment at the end of the agreement. After an agreed initial deposit, how many miles you are likely to travel each year (standard quote based on 6,000 miles per annum) and how long you want the agreement to run for, Jacksons will then calculate the Guaranteed Minimum Future Value (GMFV) of your vehicle and confirm your monthly payment. Jacksons will submit the finance application to our finance partners and subject to your application being approved; you can just drive your car away.
The options at the end of the agreement are:
(1) Part exchange the vehicle subject to settlement of your existing finance agreement; new finance agreements are subject to status.
(2) Return the vehicle and not pay the Final Lump Sum Payment. This is provided that the vehicle has been suitably maintained (from a servicing point of view), that reasonable care has been taken and the vehicles condition is in line with fair wear and tear policy. In addition the vehicle must not have exceeded the allowed mileage (6,000 miles per annum) then you will have nothing further to pay.
If the vehicle has exceeded the allowed mileage a charge for excess mileage will apply.
(3) Pay the Final Lump Sum Payment to own the vehicle

Hire Purchase
Hire Purchase could help you buy your next car while spreading the cost. An initial deposit will be agreed, along with monthly payment and term of agreement.  Jacksons will submit the finance application to our partners and subject to your application being approved, you can just drive your vehicle away.  After you’ve made all the payments, including interest the car is all yours.

Finance is subject to status.