A number of finance options are available through European Finance.

Here they are, simply explained:

	Hire Purchase: Ownership with the benefits of total flexibility. A fixed cost, fixed period loan that allows the cost of the vehicle to be spread over a period of up to five years.The user is effectively the owner of the asset, but title to the vehicle does not pass until the loan is fully repaid including any final payment which includes an "option to purchase" fee. Monthly payments cover the capital cost plus interest and do not carry VAT.
	Personal Contract Purchase (PCP): Similar to Hire Purchase - with the added advantage of a guaranteed future value on the vehicle (GFV) at the end of the period. PCP is for private individuals who want the option of eventual ownership coupled with the security and peace of mind of the Finance Company guaranteeing the vehicles value (subject to normal wear and tear and an agreed mileage) at the end of the period. A low initial deposit is payable, followed by a fixed monthly payment for the period of the loan. At the end of the agreement the guaranteed future value (GFV) becomes relevant and there are 3 end of contract options: The vehicle may be owned by paying the guaranteed future value.This value is fixed at the start of the agreement and will be as stated on the original documentation. The car can be handed back to the Finance Company and another car chosen and funded through European Finance , subject to the vehicle meeting the conditions in the agreement. 3. The vehicle may be part exchanged against a new vehicle using any equity, the difference between the cars trade in value and the guaranteed future value, as deposit.
	Lease Purchase: Ownership with a "balloon" payment at the end - ideal for improving cash flow. A funding agreement similar to Hire Purchase where part of the capital cost of the vehicle payment may be deferred into a "balloon" payment at the end of the agreement which equates to the anticipated future value of the vehicle at the end of the loan period.The monthly payment does not attract VAT and the vehicle is owned by the agreement user.
	Contract Hire: Low rentals without the risk of disposal - ideal fleet management and "off balance sheet" funding. With this VAT beneficial financing package, one regular rental payment covers all risks including costs of depreciation and disposal for a agreed period of time and mileage. Road fund licence is included and roadside rescue, maintenance and relief vehicle provision are options that can be added and charged to the rental payment.
	Finance Lease: Low rentals - "on balance sheet" funding where the hirer has disposal flexibility. A VAT beneficial finance option where the hirer can choose to pay the entire cost over the agreed lease period, plus an interest charge, or pay lower monthly rentals during the lease period with a final payment based on the anticipated resale value of the vehicle.
	Contract Purchase: For companies with high value cars who would like the option to purchase the vehicles, but don't want any depreciation risks. The customer acquires the vehicle by paying fixed monthly installments with the asset being shown on the company balance sheet, and can either retain ownership at the end of the contract or hand the vehicle back. Contract purchase has the added benefits of saving on maintenance and relief vehicles.
	Sale and Leaseback: For companies wishing to retain the use of their vehicles, whilst generating capital their sale, and transferring to a VAT beneficial funding method. Where a company currently owns its vehicles, this option means European Finance will purchase the vehicles for an agreed price and lease them back using either contract hire or finance lease. (Subject to valuation).
	Personal Contract Hire (PCH): For private individuals who want a hassle free and cost effective way to finance and maintain a vehicle. Personal leasing product is the ideal vehicle financing solution for personal needs. PCH allows significant tax advantages to be enjoyed as well as the choice of a new or used vehicle every two or three years for a fixed monthly charge that is easy to budget for, as well as an all-inclusive maintenance and breakdown package.
	Stand Alone, Fixed Cost, Service and Maintenance Agreements (SMA): A stand alone product offering fixed motoring costs for all new and used vehicles for a fixed monthly payment including; services, tyres, exhausts which enhances the future part exchange value of the vehicle.This product is available for both private and business users.