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
Personal
Use:
Hire
Purchase
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.
With Hire
Purchase (page 7 of PDF),
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).
If you have any questions,
please call our Business Manager, Alan Cooper on 01293
520191.
PCP with
Honda Aspirations
With a Honda
Aspirations PCP (page 6 of PDF) 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.
Why not explore the three different approaches to owning
your Honda company car in more detail? 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.
Personal Contract Hire
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.
If you have any questions,
please call our Business Manager, Alan Cooper on 01293
520191.
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