Finance Explained

At Bees Motors, we believe car finance should be simple, transparent, and easy to understand. That’s why we’ve created this page to explain the different types of finance we offer — so you can make an informed choice about which option best suits your needs.

We work with Evolution Funding, one of the UK’s leading motor finance brokers, to help you find the most suitable finance product from a wide panel of lenders.

(Heritage Horsepower Ltd trading as bees motors is an Appointed Representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority. Automotive Compliance Ltd’s FCA number is 497010.)

Types of Finance We Offer

We currently offer Hire Purchase (HP) and Personal Contract Purchase (PCP) finance agreements.
Both are forms of secured car finance, meaning the vehicle acts as security for the loan until the agreement is settled.

Hire Purchase (HP)

Hire Purchase is a straightforward and traditional way to finance your car.

How it works:

You pay an initial deposit (usually 10–20% of the car’s price).
The remaining balance is paid in equal monthly instalments over an agreed term (typically 2–5 years).
Once all payments have been made, including the option-to-purchase fee, the car is yours.

Key points:

You own the car at the end of the agreement.
There are no mileage restrictions.
You can settle the finance early if you wish (terms apply).
The car can be returned if you decide to exercise your Voluntary Termination rights after paying 50% of the total amount payable.

Things to consider:

You won’t own the vehicle until the final payment is made.
The car can be repossessed if you don’t keep up repayments.

Watch our short video explaining Hire Purchase

Personal Contract Purchase (PCP)

Personal Contract Purchase is a flexible finance option that can make it easier to change your car more regularly.

How it works:

You pay a deposit and monthly instalments over a fixed term (usually 2–4 years).
A portion of the car’s value — called the Guaranteed Future Value (GFV) or Optional Final Payment — is deferred to the end of the agreement.
At the end of the term, you have three options:

Return the car and walk away (subject to mileage and condition).
Pay the optional final payment to own the car.
Part-exchange the car for another one.

Key points:

Lower monthly payments compared with HP.

Flexibility at the end of the agreement.

Ideal if you like to change your car regularly.

Things to consider:

Mileage limits and fair-wear and tear terms apply.
You don’t own the car unless you make the final payment.
The car can be repossessed if you don’t keep up repayments.

Watch our short video explaining Personal Contract Purchase

Which Finance Option Is Right for You?

Choosing between HP and PCP depends on your personal circumstances and what’s most important to you — whether that’s lower monthly payments, ownership at the end, or flexibility to change cars.

Our team are here to help explain your options clearly and ensure you fully understand any agreement before signing. We’ll never pressure you into a product that’s not right for you.

Important Information

Finance is subject to status, credit approval, and age restrictions.
Terms and conditions apply.
Heritage Horsepower Ltd trading as Bees Motors acts as a credit broker, not a lender.
We may receive a commission for introducing you to certain lenders — this will not affect the amount you pay. We will disclose any commission we would receive to you before you enter into an agreement.
Full details are available on request.