Blade Bespoke Finance

Blade offers a variety of flexible finance solutions across our range of new and used cars, including; Personal Contract Purchase, Hire Purchase and Personal Contract Hire.

Arranging car finance through Blade is convenient, flexible and cost effective. At Blade Group we employ finance specialists in every business, who can advise on a variety of funding solutions. By taking the time to discuss your individual needs, our customer experience managers will be able to build a bespoke finance package to suit you.

What are the benefits of financing a car through a dealership?

As well as giving you added security, choosing to finance your next car through a dealership brings with it many advantages.

Thanks to a deferred final payment, you have access to newer vehicles and if it suits you lower monthly payments or shorter terms (when compared to a personal loan). You'll also benefit from a speedy process that ensures all paperwork is completed quickly and with minimum of fuss, with no need for you to send documents away.

Personal Contract Purchase (PCP)

PCP allows you to pay a deposit for your vehicle and finance the remaining balance.

How does it work?A finance term is set in months, and a prediction of your vehicle's value at the end of the term (the Guaranteed Minimum Future Value) is determined. You will pay off the difference between the vehicle price and the guaranteed future value, plus a fixed APR over the term of the agreement. When your term ends, you have the option to return your vehicle and walk away, trade it in for a new model and another PCP agreement or to pay the remaining amount and keep your car.

The advantage of this method is that you have options at the end of your term, so you can make a decision based upon your circumstances at the end of the agreement. You also have time to put enough capital aside for the final payment if you're sure that you'd like to own the vehicle at the end of your term.

Hire Purchase

Hire Purchase is a straightforward finance agreement that gives you the option to own your vehicle outright at the end of the contract.

How does it work?When you've found the perfect vehicle, you'll firstly agree the amount to borrow based upon its current price minus your deposit. Once finalised, you'll pay a set amount each month that includes an APR until the balance is paid. At the end of your contract, you can then choose to pay a small administrative fee to gain outright ownership. This option is advantageous due to its simplicity, but it's important to make sure your agreed monthly payment amount is manageable.

A Personal Contract Purchase offers a similar option, with monthly payments which are often lower. However, unlike PCP, Hire Purchase agreements won't include a 'balloon payment' at the end of the term, which can make them a more suitable choice if you're certain that you want to own the car outright. You don't need to return the vehicle at the end of your term as long as the original value, interest and admin fee have been paid.

Personal Contract Hire

This method of car financing is similar to regular contract hire, but applies exclusively to our private customers.

How does it work? PCH is one of the most straightforward finance options available. At the end of your contract, you won't need to worry about a resale value or your car, or paying an additional sum to gain ownership of your car – you simply walk away or commit to another finance agreement, and a new car.

Once you've found the vehicle you want, a lease period is agreed and the residual value of the vehicle is determined. To calculate this value, a mileage limit will be set. The monthly amount you pay will be calculated by deducting the residual value from the retail price –you pay the difference plus an APR. At the end of your contract, you can either take out a new agreement or simply return the vehicle to us. This option is ideal for those who require a vehicle for a defined period of time but don't want or need to commit to ownership at the end.

If you'd like any further information our knowledgeable team will be pleased to take you through the options available in more detail - simply get in touch via phone, email or by using the enquiry button.

Personal Contract Purchase

Hire Purchase

Personal Contract Hire