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Yes, the Honda HR-V e:HEV and a range of other Honda models are available through Personal Contract Hire (PCH) agreements, subject to availability and finance approval.
If you exceed your agreed mileage allowance on a Honda Personal Contract Hire (PCH) agreement, an excess mileage charge will apply. The exact rate is clearly outlined in your lease contract.
No, maintenance isn’t included as standard with a Honda Personal Contract Hire (PCH) agreement. However, you can add an optional maintenance package for an additional monthly cost, which typically covers servicing, tyres, and routine repairs.
Yes, most Honda Personal Contract Hire (PCH) agreements require an initial rental payment, typically equal to several monthly rentals. The exact amount will depend on your chosen terms and the details of your lease agreement.
Yes, at the end of your Honda Personal Contract Hire (PCH) agreement, you simply return the car and have the option to start a new lease on another Honda model.
Yes, Personal Contract Purchase (PCP) finance is available on both new and Approved Used Honda models, subject to finance approval and the vehicle’s age.
The balloon payment, also known as the Guaranteed Minimum Future Value (GMFV), is determined by Honda Finance. It’s based on several factors, including the model, contract length, agreed mileage, and the car’s predicted value at the end of the PCP agreement.
Yes, you can request a settlement figure on your Honda finance agreement at any time. Settling early may reduce the total amount of interest you pay over the duration of the contract.
If your Honda’s market value is higher than the Guaranteed Minimum Future Value (GMFV) at the end of your PCP agreement, the difference can be used as equity towards a new Honda. Alternatively, if you sell the car privately after settling the finance, you can keep any additional value as profit.
No, at the end of your Honda Personal Contract Purchase (PCP) agreement, you have three options: pay the final balloon payment to own the car outright, return the vehicle with nothing further to pay (subject to mileage and condition), or upgrade to a new Honda.
Yes, you can add a maintenance package to your Honda Business Contract Hire (BCH) agreement for an additional monthly cost. This typically covers routine servicing, tyre replacements, and standard repairs, helping your business manage running costs more efficiently.
Monthly rentals on a Honda Business Contract Hire (BCH) agreement are typically tax-deductible as a business expense. VAT-registered businesses may also be able to reclaim some or all of the VAT, depending on the level of business use.
Yes, Honda Business Contract Hire (BCH) is available to sole traders, partnerships, and limited companies, subject to finance approval.
No, with a Honda Business Contract Hire (BCH) agreement, you return the vehicle at the end of the contract. Ownership does not transfer to you, as BCH is a leasing option rather than a purchase agreement.
Yes, you can return the vehicle before the end of your Honda Business Contract Hire (BCH) agreement, but early termination charges will usually apply. The exact cost will depend on the terms of your contract.
Yes, once you’ve made all the payments on your Honda Hire Purchase (HP) agreement, including any option-to-purchase fee, the car is yours to keep.
Honda Hire Purchase (HP) agreements typically run between 2 and 5 years, depending on the finance terms you choose and what best suits your budget.
Yes, most Honda Hire Purchase (HP) agreements require an upfront deposit. Paying a larger deposit will typically lower your monthly payments and make the overall finance agreement more affordable.
Yes, you can request a settlement figure from Honda Finance at any time during your Hire Purchase (HP) agreement. Settling early may reduce the total amount of interest you pay over the duration of the contract.
Yes, Hire Purchase (HP) finance is available on both new and Approved Used Honda models, subject to finance approval.
