'balloon payment'. so, when it comes to swapping your car, it won’t cost you any more money and you can use the extra cash you have in equity to pay part or all of the deposit on your next model. however, if you want to change your car early, you’ll have to pay a ...
- At the end of the agreement you can own the car, part exchange, or return the car to BYD - There may be restrictions to your mileage - There may be an optional lump sum at the end of your agreement Compare our financial products for more information....
No early termination Lease agreements have no option for early termination of your contract So, is leasing or buying a car better? Both PCP and lease car finance options provide great alternatives for driving away in a new car without paying the upfront cost. Deciding which option is best ...
Benefits of HP agreements include no mileage restrictions, no charges for early settlement and the option to part-exchange the car towards your next one. The differences between PCP and HP PCP agreements defer a large proportion of the cost to the end of the agreement, and you can choose to...
Can you terminate the agreement early? You can 'voluntarily terminate' a PCP agreement early but you will be required to hand the vehicle back to the finance company and pay, or have paid, at least half of the total amount owed.