Honda PCP
Although Honda was only founded as a motorcar manufacturer in 1948, they have certainly moved quickly in comparison to some other manufacturers. Now regarded as a manufacturer that makes the most of cutting edge technology, Honda generally lead where others can only follow and a great example of this is their variable valve timing system, introduced in the early eighties, this technology has been widely replicated by most other manufacturers.
Finance your new Honda using a PCP (Personal Contract Purchase). Payment is made on a monthly basis directly from your bank account for an agreed period of time – normally between two and four years. Your initial deposit can be anything from 0 to 40%, and your regular payments will be much lower than hire purchase. You can also pay extra to include all your servicing costs and a one off payment can be made for Gap insurance. At the end of the agreed period you either hand your Honda back, or, if you decide to keep it, you can pay the “balloon payment”, this is the Guaranteed future value (GFV) that is specified when you make the original agreement.
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