The Hybrid / Electric Range
Below are a few popular models in our Hybrid & Electric range across the Leslies Motors group. View our entire New & Used electrified range by using the buttons above.
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Frequently Asked Questions
You may find that a PCP agreement is the best way to purchase a Hybrid/Electric vehicle. Take a look at some of our frequently asked questions about PCP agreements here at Leslies Motors.
How does PCP actually work?
A PCP deal is essentially a loan to help you get a car. But unlike a normal personal loan, you won’t be paying off the full value of the car and you won’t own it at the end of the deal (unless you choose to).
It’s one of the more complex financial products available to help you buy a car, but it can be broken down into three main parts:
- The deposit (usually around 10% of the car's price). Some car manufacturers' finance arms offer valuable deposit contributions of £500-£2,000 or more if you're buying a new car. The larger the deposit, the less you'll have to borrow.
- The amount you borrow. The amount you'll have to borrow is based on how much the finance company predicts the car will lose in value over the term of the deal (usually 24 or 36 months) minus the deposit you've put down. You’ll pay this amount off during the deal, plus interest. So you’re not paying off the full value of the car. Typical APR's are 0%-7%.
- The balloon payment(a balancing payment you pay IF you want to own the car). Also often referred to as the Guaranteed Minimum Future Value (GMFV), this is how much we expect your car to be worth after your finance deal ends. It's agreed at the start of your deal. You don’t have to pay this, as you get a choice of what to do at the end of the deal. But it is the sum you’ll pay if you want to keep the car.
What are the advantages of PCP?
- You get behind the wheel of a new car for lower monthly repayments than a personal loan or hire purchase.
- You don’t need to worry about the future trade-in or resale value of the car, as we guarantee your car will be worth a minimum sum at the end of the deal.
- It's flexible. You've several options at the end of it - you can even buy the car if you like.
- Occasionally there will often be additional incentives throw into the PCP package. e.g. service and maintenance packages, warranties and insurance so you can get your total cost of motoring down to one payment each month.
- A PCP may let you buy a more expensive car than you might otherwise be able to afford but with monthly payments to suit your budget.
What should you consider when opting for a PCP?
- You must remember that you wont own the car at the end of your PCP agreement, unless you choose to pay the GMFV (balloon payment) at the end of it.
- If you go over the set agreed mileage on the car during the PCP agreement, you will be charged between 6p-10p per excess mile. So make sure the agreed mileage on the car is one you are confident you will not exceed.
- You may find that a different type of finance agreement is a better option for your needs. You can discuss this with any of our sales executives either on the phone or in any of our dealerships. We will advise on what we think is best for you.
- You should be confident that you can keep the car in a reasonably good condition, as you will be handing the car back to us at the end of the agreement, unless you pay the balloon payment at the end - in which case the car is yours.
Can I settle my PCP agreement early?
You can settle your agreement early, but you may have to pay extra. However, if you choose you'd like to settle your PCP agreement early because you'd like to upgrade to one of our newer models, we will of course see what we can do for you to avoid these charges, depending on how long you have left on the finance agreement and how much you still owe.