PCP & HP Explained - Dennehy Motors Limerick PCP & HP Explained - Dennehy Motors Limerick

PCP & HP Explained

Personal Finance

Hire Purchase

Hire purchase is a simple and easy way to finance your car over a period of time that you choose, 1 to 5 years. Renault Bank will purchase the car on your behalf. You then pay fixed instalments over a flexible term of your choice. At the end of the agreement ownership transfers to you.

PCP

Renault ReFlex is a Personal Contract Plan (PCP), a flexible Hire Purchase agreement that enables you to have a reduced monthly payment thanks to a Guaranteed Future Value for your car in 3 years’ time. Having a Guaranteed Future Value for your car means that you can have a flexible finance plan that suits your circumstances and you don’t need to worry about the re-sale value of your Renault in 3 years’ time.

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