article thumbnail

Why Tesla sales have tanked and why the price will keep dropping

CarExpert

At the end of your lease period, you have the option of paying a balloon payment on the vehicle (that is the cost of the vehicle depreciated in alignment with the government schedule), refinancing the vehicle to continue paying a monthly rate or, in some circumstances, just handing the car back. And in some cases that works.

article thumbnail

HP Car Finance – Ultimate Guide

Car Examer

Early Termination Fees If you decide to pay off your HP agreement early, you may face additional fees. HP Car Finance vs. PCP vs. Leasing PCP (Personal Contract Purchase) Lower Monthly Payments : PCP generally has lower monthly payments compared to HP. You will never own the vehicle.

Finance 59
article thumbnail

Personal Contract Hire (PCH) – Ultimate Guide

Car Examer

If you exceed these limits, you will be charged extra fees, which can be costly. Early Termination Fees If you need to end your PCH agreement early, you may face significant termination fees. You may be charged for any excessive damage.