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 Funding solutions explained Finance Options Below we outline the finance products available to you to fund your new car purchase. Our team are available to assist with any questions, whether up front or throughout the journey should you wish to purchase online. Enquire About Finance

Milton Keynes, Nuneaton and Gillingham Kia PBV finance solutions

At Milton Keynes, Nuneaton and Gillingham Kia PBV, we offer a range of flexible finance options to suit both business and individual needs. This ensures that financing your new or used Kia Purpose Built Vehicle (PBV) is both accessible and affordable. Whether you're interested in the Kia PV5 Cargo, PV5 Passenger, PV5 Crew Van or PV5 Chassis-Cab, we have tailored solutions to fit your budget.

We understand that every business has unique financial requirements, which is why we offer a variety of finance plans to help you make the appropriate choice. At Allen Motor Group, one size does not fit all, and we are here to guide you to the best solution.

Leasing options

We offer leasing options for businesses looking to keep their fleet flexible. Leasing allows you to drive a brand-new Kia PBV with manageable monthly payments while avoiding the hassle of ownership. At the end of the term, you can choose to return the vehicle, upgrade or continue with a new model.

Explore the best finance solution for your next Kia van at Milton Keynes, Nuneaton and Gillingham Kia PBV. Contact us today for more information or to arrange a test drive.

What is Personal Contract Purchase (PCP)?

PCP enables you to pay an initial deposit, followed by monthly instalments that cover the depreciation of the vehicle, not its full value. At the end of your agreement, you can choose to make a ‘balloon payment’ (Guaranteed Future Value) to keep the vehicle, return it or exchange it for a new model.

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How does PCP actually work?​

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When you have chosen your vehicle, you will then agree your annual mileage and decide on the agreement term with one of our Business Managers.

We will then determine the Guaranteed Minimum Future Value (GMFV) of the vehicle at the end of the agreement and work out a deposit and monthly amount that works for you.

At the end of your agreement you will then have three options:

Return – Simply return the car the back to us 
Retain – Keep the car by paying the optional final payment
Renew – Trade it in for another car

For a quotation, help, or advice contact us and ask to speak to one of our Business Managers.

What are the advantages of PCP?

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  • Monthly payments on a car financed by PCP are usually lower than if your car is financed by a Hire Purchase agreement.
  • If you decide not to buy the car, you can simply walk away when you've made all the payments.
  • Similar to PCH, you can drive away a new or used car every few years (dependent on the chosen term) without worrying about selling it on.
  • If your car is worth more than the Guaranteed Future Value then you can use that equity towards a deposit on a new car.

What should you consider when option for a PCP?

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  • If you want to buy the car you will need to pay your final balloon payment (the Guaranteed Future Value).
  • Similar to PCH, you will need to agree on a mileage allowance at the beginning of your contract and there may be excess mileage charges if you exceed this.
  • You won’t be able to sell the car without settling the finance.
  • You won’t own the car until you have made all of your repayments.
  • You’ll need to keep the car properly insured, maintained and in your possession until the full value is paid off.

Can I settle my PCP agreement early?

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You can normally settle your agreement early by asking the finance company to provide you with a settlement figure. However, the finance company will require you to pay off the difference between what your car is worth, and what you still owe and there may be a difference which is known as negative equity. On the other hand, you may find that at the end of your term your car is worth more than the Guaranteed Future Value, which means you will have some positive equity to contribute towards your next car.

Find and finance your next vehicle through PCP


What is Hire Purchase (HP)?

With HP, you make monthly payments to cover the full value of the vehicle. Once all payments are made, the vehicle is yours to own outright. HP is often a better option for businesses looking to eventually own their vehicle without the balloon payment requirement of PCP.

Explore the best finance solution for your next vehicle at Allen Motor Group Kia PBV, serving Nuneaton, Milton Keynes and Gillingham. Contact us today for more information or to arrange a test drive.

What are the advantages of HP?

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  • You’ll be able to drive away a car that you may not have managed to buy outright.
  • Unlike a PCP or PCH contract, you won't need to estimate your mileage at the start of your Hire Purchase agreement, so you'll avoid excess mileage charges.
  • Once you’ve made your final monthly payment, including the option to purchase fee, you'll have full ownership of the car.

What should you consider when opting for HP?

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  • Monthly payments may be higher than some other finance options, such as PCP, as you're paying off the full value of the car.
  • You won’t be able to sell the car without settling the finance.
  • You won’t own the car until you have made all of your repayments.
  • You’ll need to keep the car properly insured, maintained and in your possession until the full value is paid off.

Can I settle my HP agreement early?

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The short answer is yes, you can end your finance early. There are different provisions within each finance agreement that allows you to do just that. If you have got through two-thirds of the way through your finance agreement, the options to end the finance agreement early open up.

For a Hire Purchase agreement, there is an option of paying it off early through a settlement fee. A settlement fee covers the cost of any remaining unpaid instalments and interest payments remaining on the agreement. Once the settlement fee is paid, you take full ownership of the car early.

Under a Personal Contract Purchase agreement, you can also pay a settlement fee for bringing the agreement to an end early. After that, you can choose to hand the car back or you have a second option. Through a PCP agreement, you can take full ownership of the car by paying off the remaining Guaranteed Minimum Future Value also known as a balloon payment.

Find and finance your next vehicle through HP