RCI Finance offers a range of different finance packages, to help ensure that the way you finance your car is right for you. Each package comes with a range of benefits that are designed to complement your lifestyle. There is someone on hand in every dealership who can advise and work with you to create the ideal finance package for your new car.
A finance package to suit your needs
There are many different ways to finance your new car. What’s more, you may hear plans that are very similar in features referred to under very different names, making your list of options seem endless.
The two main ways you can finance your new car with Nissan Finance is through Hire Purchase or through Selections - our Personal Contract Plan (PCP) scheme.
Selections
Selections, our PCP scheme, offers you the freedom to drive away the car of your choice every two or three years (subject to status). We'll guarantee what the value of your car will be at the end of the agreement, you simply pay the deposit of your choice and the remaining balance over the agreed period.
How it works
- Once you have chosen the car you want, decided how much deposit you wish to pay and agree a repayment period, your dealer will calculate your fixed payments and the Guaranteed Future Value (GFV).
- You can select any level of deposit or period of agreement from within our product parameters to suit your own individual needs.
- The GFV is the minimum amount the car is estimated to be worth at the end of the agreement term.
- At the end of the agreement, you are free to choose from one of the following options:
- Part exchange the car with your Renault dealer and drive away in a new car using any amount over the GFV as part of your deposit on the next agreement.
- Pay the GFV and take ownership of the car.
- Simply return the car to RCI Finance with nothing more to pay(subject to final mileage and condition of the car).
Hire Purchase
Hire Purchase is the traditional way to finance your new car - you simply choose the deposit amount you wish to pay and the length of the repayment period.
How it works
- You pay for your car over a pre-agreed period, during which time the balance and interest are repaid by fixed payments.
- You can select any level of deposit or period of agreement from within our product parameters to suit your own individual needs.
- The interest charged is calculated at the beginning of the agreement and will remain unaffected by any future changes in interest rates, allowing you to plan your budget with confidence.
- When all the payments have been made at the end of the agreement you own the car.
Benefits & Features
|
Hire Purchase |
Preferences |
Eventual Ownership |
Yes* |
Optional |
Deposits |
0% - 90% |
0% - 35% |
Term |
12 - 60 months |
12 - 36 months |
Fixed monthly payments |
Yes |
Yes |
Option to defer a proportion of the capital cost to the end of the agreement |
No |
Yes |
Lower monthly rentals due to deferred amount |
No |
Yes |
Disposal responsibility |
Yes* |
Optional |
|
