Finance explained at Harbour Garage Kia Whitstable Kent

Harbour Garage Kia (Whitstable) Kent offers a choice of 2 simple finance packages for personal customers:

1. Hire Purchase

2. PCP - Personal Contract Purchase 

PCP was designed specifically to be a personal contract for private individuals. Seen as a way to avoid the depreciation trap, a PCP agreement allows you the option to setup a contract with monthly payments. A number of factors are considered for the monthly contract price to be calculated: How much the vehicle costs new, how much deposit paid, how long the contract will be over (usually 24-42 months), how many miles you are intending to do and a GFV (Guaranteed final value) is then generated (sometimes this is known as a balloon payment).

When your agreed contract term comes to an close you have 3 options:

 1. Pay the GFV (Guaranteed final value) and take the Kia car away - its yours

2. Hand back the Kia car and walk away - but you wont get any of your deposit or repayments back

3. Use the GFV of the Kia car as a deposit towards your next car

We aim for you to be able to use the difference between the GFV (guaranteed future value) and the actual real value of the car as a deposit towards your next KIA.

The benefit of PCP is its a fixed monthly payment that is usually lower than any other form of finance.

For further details and a quote that is taylor made to you please call our Kia trained product specialists on 01227 261477 or email on sales@harbour-kia.co.uk