Jeep® Models
With a Jeep Personal Contract Purchase finance plan, you can defer part of the cost of your chosen Jeep vehicle until the end of the agreement, reducing the regular monthly payments. The deferred element, known as the guaranteed future value or optional final payment, is based upon your Jeep’s likely value at the end of the agreement and is set by the finance company based upon the annual mileage selected. At the end of the term you have the option to hand back your Jeep, part exchange it or pay the final payment to take full ownership of your vehicle. If you choose to hand your Jeep back, excess mileage and damage charges may apply.
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Personal Contract Hire is a way for individuals to hire a Jeep vehicle throughout the duration of a contract and then return the vehicle at the end of the agreement, leaving the finance company to worry about deprecation values and disposal of the returned Jeep vehicle. There will be agreed mileage limits and fees may be due at the end of the agreement if these are exceeded or the Jeep’s condition is not as expected in line with the BVRLA fair, wear and tear guide.
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A Jeep Hire Purchase finance plan allows you to pay for the vehicle fixed by monthly payments over the term of the agreement. Hire purchase is a secured loan so the finance company has the Jeep as security for the loan, until all payments and fees are made. At the end of the agreed term, when all payments have been made, you take full ownership of your chosen vehicle.
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