This
section of the site covers the options you have as a Business
or Private user of a Honda car, including Finance. We
appreciate that these topics can be a touch dry, so have
tried to make them as palatable as possible!
If you have any questions regarding
the topics below then please call our Business Manager,
Alan Cooper on 01293 520191.
Alan is FSA compliant and happy
to discuss any area of car finance and insurance with you. Southern Counties Honda
also comply to Honda's FINANCE FRIENDLY code of conduct,
and have some great finance products. So for those
of you who 'don't do finance' give us a call and you may
be pleasantly surprised!
Business
Use:
Business
Contract Hire
Lease
Purchase
Hire
Purchase
Opting
Out of a Company Car Scheme
Hire
Purchase
PCP
with Honda Aspirations
Personal
Contract Hire
Personal
Use:
Hire
Purchase
PCP
with Honda Aspirations
Personal
Contract Hire
Payment
Protection Plans
GAP
Insurance
Opting
Out of a Company Car Scheme
Hire
purchase
You may have chosen to opt out of your company
car scheme and are considering options available to you. We
have put together a brief guide, which we hope can aid your
decision.
With the help of Honda Business Finance
you can either rent or own your own Honda company car. There
are various options open to company car users who have opted
out of their company car scheme; Hire Purchase, PCP (Personal
Contract Plans) through Honda Aspirations or Personal Contract
Hire.
With Hire Purchase you’ll pay a minimum nil per cent
deposit, a regular monthly payment and at the end of your
term, you can pay the ‘option to purchase fee’. Then
you’ll own the car outright. The minimum term
is 12 months with the maximum being 60 (5 years).
With a Honda Aspirations PCP deal, it’s slightly more
detailed. There’s a minimum nil per cent deposit
and a maximum deposit of 35%. The maximum mileage at
the end of the agreement must not exceed 90,000 miles and
on new Hondas there’s an annual limit of 24,000 miles.
If you’re confused by all the jargon, take a look at
our finance
jargon buster. (page 11 of PDF).
If you have any questions,
please call our Business Manager, Alan Cooper on 01293
520191.
PCP with
Honda Aspirations
Car finance often seems complex but Honda likes to
keep things simple and easy to comprehend. You can
choose from a number of options depending on whether you
wish to own or lease your Honda.
Personal Contract Hire is a funding method that includes
the option of a maintenance package and involves the car
being returned at the end of contract at no risk to you. Like
Lease Hire the minimum rental period is 12 months but the
maximum term is extended to 60 months (5 years).
You’ll need to cover at least 6,000 miles a year under
a Personal Contract Hire deal and there’s a maximum
mileage limit of 150,000. The main benefit of Personal
Contract Hire is that it’s Honda that bears the risk
of depreciation. Why not read more about Personal
Contract Hire (page 9 of PDF)
If you have any questions,
please call our Business Manager, Alan Cooper on 01293
520191.
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