Honda Car Finance | Wandsworth, London | Wimbledon Park Honda

Wimbledon Park Honda Finance

We make financing your Honda easy.

Honda Financial Services is part of the Honda Motor Company. Our sole purpose is to provide simple, flexible and convenient finance to Honda customers for their Honda products.

With monthly car finance payments available, there's every chance you could be choosing a higher grade model than you imagined. When it comes to buying your car, we want you to have a choice of your favourite model AND how to pay for it.

Watch the video and read more about our options below.

What is Personal Contract Purchase (PCP)?

With the Personal Contract Purchase at Wimbledon Park Honda, you get the chance to choose your vehicle, along with the deposit, the length of the agreement and the maximum mileage. Once the agreed period is over, you then have the option to purchase the vehicle outright for a pre-agreed amount, which is known as the Guaranteed Minimum Future Value (GMFV). If, however, you do not wish to purchase the car, you can always return it to the lender (within agreed fair wear and tear limits) with absolutely no further obligation.

Benefits of Personal Contract Purchase

  • ​Drive new Honda's more often
  • Deposits are flexible
  • Repayment terms are flexible
  • Usually a lower repayment, compared to a HP agreement with the same term
  • Fixed rates
  • No need to worry about depreciation of used car prices due to GMFV assurance
  • Option to renew, return or own the vehicle come the end of the agreement

Once the agreement has come to its end you can then choose from the three following options:

The Options

At the end of the agreement you may choose from the three following options:

Option 1 - Renew your vehicle and drive away in a brand new Honda. Use any excess value over the GMFV as deposit on your new vehicle.

Option 2 - Return the car. Providing the vehicle does not exceed agreed fair wear and tear limits and has not exceeded the agreed mileage, you having nothing more to pay.

Option 3 - Retain your vehicle. Pay the GMFV and you own the vehicle.​​

​What is Hire Purchase (HP)?

Here at Wimbledon Park Honda we offer this traditional package, which involves taking the total cost of your chosen vehicle, deducting a deposit amount, and then choosing the length of the agreement. Interest is added, and monthly instalments are calculated. Then, at the end of the agreement, assuming all the payments are met, the vehicle is yours.

Benefits of Hire Purchase

  • Flexible deposit
  • Regular and flexible repayment terms from 12 to 60 months
  • Fixed rates
  • You own the vehicle at the end of the agreement

What is Personal Contract Hire (PCH)?

Here at Wimbledon Park Honda we offer PCH, which is a contract hire agreement that is suitable for renting selected Honda vehicles. At no point in the agreement will the Honda belong to you, so you cannot sell it, however, it is still a great offer. It is based on mileage and it is therefore very important that the agreement is reflective of your projected annual mileage. With PCH from Wimbledon Park Honda, you will pay an agreed number of advance rentals plus VAT followed by remaining rentals plus VAT for the contract term. The vehicle must then be returned to the finance house.

Benefits of Personal Contract Hire

  • Deposits are flexible
  • Flexible repayment terms from 12 to 60 months
  • Rates are fixed
  • Once the agreement is over, the vehicle is yours
  • Initial payments are low, and are usually 3, 6, 9 or 12 advance rentals including VAT
  • 2, 3 or 4 year rentals plus VAT at fixed rates
  • Rentals are also fixed and don’t change with interest rate movement (excluding VAT changes)
  • Road fund license included for full duration of term
  • Full term breakdown cover
  • No concerns over depreciation
  • Optional replacement vehicle available for 48 hours in the event of a breakdown attended by the AA at the roadside
  • Optional maintenance packages available, which means service, repair and maintenance costs are budgeted for
  • Mileage amendments can be made to the contract during the term if required

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