HP

With a HP agreement, customers can spread the cost of their car, van or motorcycle by paying fixed monthly repayments over 12 to 60 months. With a maximum advance of £75,000, no minimum deposit is required.

Good for customers, if:

• they want the option to pay a deposit
• they like equal repayments, which can be spread over 12 to 60 months to suit their budget
• they don’t want any mileage restrictions
• they want the option to pay off the full agreement early
• they want to own the vehicle at the end

PCP

PCP allows customers to spread the cost of their car or motorcycle by paying fixed monthly repayments over 36 to 48 months. With a maximum advance of £50,000, no minimum deposit is required. PCP contains a balloon payment at the end of the finance agreement which makes the monthly repayments lower than a HP agreement. There are three options at the end of the agreement; retain, return or replace the vehicle.

Good for customers, if:

• they want the option to pay a deposit
• they want lower monthly repayments in comparison to a HP
• they want to spread repayments over 36 to 48 months to suit their budget
• they want flexibility when it comes to end of agreement options
• they’re happy to pay a larger balloon payment at the end of their agreement if they decide to keep the vehicle
• they can stick to an expected annual mileage 

MotoNovo Commercial

Helping drive businesses forward, take a look at our MotoNovo Commercial offering suitable for business customers. 

MotoRate

MotoRate is our pricing solution that gives your customers a transparent finance journey. The customer’s interest rate is personalised to their credit rating, so they know they’re getting a fair deal on their finance.

Rate4Risk

With fixed rates and terms, this automated HP product helps more customers apply for finance by applying adjusted price parameters. Available on cars only, payments can be spread over 12 to 60 months with no minimum deposit required.

National Subsidy

With this HP product, dealers can offer customers a lower rate than their base rate, available on cars, vans and motorcycles with fixed monthly repayments spread over 12 to 60 months. With a maximum advance of £75,000, no minimum deposit is required.

Pause Month

For dealers with ‘Pause Month’ activated, your customer’s first payment can be pushed back to up to two months after the start of the agreement. This will extend the term of the agreement by an extra month and will add an additional one month’s interest. This is only available with HP, Rate4Risk, National Subsidy and VAT Assist.