Finance Explained at FJ Chalke & Vale Motors

Find the best finance option for you.

What is PCP?

Personal Contract Purchase is similar to a loan but more flexible as part of the cost is deferred until the end of your contract. The deferred payment is known as the optional final payment. At the start of the contract the optional final payment is set for the car, this will be based upon your chosen term and approximate annual mileage. You can then select the deposit you wish to pay and then make monthly repayments based on the outstanding loan balance, minus the optional final payment.

At the end of the monthly repayment period you’ll have three options:

Option 1

You can pay the optional final payment and the car is yours

Option 2

You can hand the car back to us, with nothing further to pay (subject to mileage and fair wear and tear)

Option 3

You can part exchange the car, using any equity over and above the optional final payment as deposit on your next car. Although equity is anticipated, this cannot be guaranteed.

What is PCH?

Personal Contract Hire is preferred by most people who would prefer to lease a car, rather than own one. You pay an initial upfront advance rental (amount dependent on size of monthly rental), usually the equivalent to three, six or nine monthly rentals. You then pay a fixed monthly rental fee (plus VAT) and in return have the right to use your chosen car over a pre-agreed period and mileage.

At the end of this period you simply return the car without further cost, providing it has not exceeded the agreed mileage and the condition is reflective of its age and mileage. There is no option to own the car at the end of the contact.

What is HP?

Trade in your existing car and put this towards your initial deposit, or select the deposit you wish to pay, if any at all, then we can structure the contract to your requirements. Select a term and make regular monthly repayments to repay the balance, it’s that simple. As your interest rate is fixed, you have a guaranteed monthly payment, allowing you to budget.

Once all the monthly repayments have been made, you will own the car.

Let us call you back

Enter your details below and one of our expert team members will call you back.

We are experiencing a high number of our email responses going into junk/spam folders. Please check these folders for our replies.

Don't worry, we won't contact you unless you ask us to, and we'll never share your details with anyone else

    We have been rated 4.71 out of 5 based on 4742 ratings.


    Mostly good just no follow up call as was promised.

    Mr Matt C, 30th July 2021

    The experience at FJ Chalke Kia Mere was fantastic because salesperson was lovely guy.

    Mrs Adrienne Wyllie, 29th July 2021

    Vale Motors were great because polite and helpful with no high pressure sales pitch.

    Mr Christopher Robinson, 26th July 2021

    I had a great experience at Vale Motors because they had the car I was enquiring about.

    Mr Ian Penrose, 19th July 2021

    The experience at Vale Motors was fantastic because person to person they were really helpfull

    Mr Patrick Court, 9th July 2021

    FJ Chalke Kia Yeovil were great because they could not more helpful

    Mr Robert King, 7th July 2021

    FJ Chalke Kia Yeovil staff were good because NEVER HAD SO MUCH HELP FROM STAFF ANY WHERE !

    Mrs Rosemary Willoughby, 7th July 2021

    FJ Chalke Kia Mere were helpful because and easy purchase and very friendly service

    Mr Alan Young, 7th July 2021

    I'd recommend FJ Chalke Kia Mere to a friend because Of the service and the way staff treated me.

    Mr Keith Windel, 7th July 2021

Reviews on JudgeService