Suzuki offer three types of purchase plan to help get you driving a brand-new car. There is their Hire Purchase plan, the Personal Contract Hire plan and the Personal Contract Purchase plan. Here’s a quick rundown of how they work.

With the Hire Purchase plan, you will own your Suzuki when the agreement comes to an end. You agree an initial deposit with the dealer and the length of your agreement which can be between 1 and 5 years, and a monthly payment amount. Once everything has been approved, it’s yours to drive away. At the end of the plan, once all the instalments have been paid, you own the car.

A Personal Contract Hire means at the end you will not be the owner of the car. The plan gives you a fixed-cost, fixed-term rental agreement where you choose a new car, agree your maximum annual mileage and the length of your agreement. Then you pay an initial rental followed by fixed monthly rentals to suit your budget. At the end of your contract, you just hand back the keys. You of course, then have the option of starting a brand-new plan with a brand-new car.

With the Suzuki Personal Contract Purchase or PCP plan, you have options at the end of the agreement. You can either return the vehicle and not pay the optional Final Repayment, pay the optional Final Repayment to own the vehicle outright, or part exchange the vehicle subject to settlement of your existing credit agreement.

You need to remember that if the vehicle has exceeded the maximum agreed mileage that you made at the beginning of the plan, then a charge per excess mile will apply. For excess miles, up to 4,999 miles that is currently 7pence per mile or if the mileage is over 5,000 miles, 14 pence per mile. If the vehicle is in good condition (fair wear and tear excepted) and has not exceeded the maximum agreed mileage you will have nothing further to pay.

All manufacturers offer similar plans. Go along and have a chat with them and see what they can do for you.