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FINANCING YOUR CAR

We offer business and retail finance options to help you turn your dream of owning a car from Mitsubishi Motors into a reality.

PCP

Personal Contract Purchase

Choose the term and mileage and Shogun Finance Ltd will determine the predicted value of your car at the end of your agreement. This value is deferred to the end of the agreement and is guaranteed to be at least equal to the optional final payment. The final payment and any deposit are deducted from the price of the vehicle and you make regular payments based on the remaining balance plus the agreement interest.

EXPLORE PCP FINANCE

Pros & Cons of PCP  Finance

Why it might be right for you

  • Fixed regular payments - easier budgeting.
  • GFV protection - protection from falls in used vehicle values under the Goods Return option (if you hand the vehicle back).
  • Flexible terms - variable deposits and periods available.
  • Protection - You have Termination and Satisfactory Quality Rights.

Why it might not be right for you

  • Ownership - you do not own the vehicle until the final payment is made.
  • Repossession - your vehicle is Deferred payment - a significant proportion of the credit is deferred until the end of the agreement, you should prepare for this if you want to own the vehicle.
    risk of repossession if you do not maintain the contractual payments.
  • Repossession - your vehicle is at risk of repossession if you do not maintain the contractual payments.
  • Insurance - you must have fully comprehensive cover.

HP

Hire Purchase

Choose the level of deposit you want to pay and an agreement term. Your deposit is deducted from the price of your vehicle, then you make regular payments based on the remaining balance plus the agreement interest. Ownership is transferred once the final payment is made.

EXPLORE HP FINANCE

Pros & Cons of HP  Finance

Why it might be right for you

  • Fixed regular payments - easier budgeting.
  • Ownership - you own the vehicle outright at the end of the agreement.
  • Choice - choose any new or used vehicle up to 10 years old.
  • Flexible terms - variable deposits and periods available.
  • Protection - You have Termination and Satisfactory Quality Rights.

Why it might not be right for you

  • Ownership - you do not own the vehicle until the final payment is made.
  • Repossession - your vehicle is at risk of repossession if you do not maintain the contractual payments.
  • Insurance - you must have fully comprehensive insurance.

Contract Hire

Vehicle leasing for business

Choose your initial rental in advance (subject to underwriting), annual mileage and we calculate your regular rentals. You can also choose the reassurance of various optional service, maintenance and repair packages. As we buy the vehicle you choose and claim back the VAT your rentals are calculated exclusive of VAT. Because you return the car at the end of the contract you have no worries about disposing of your vehicle.

EXPLORE CONTRACT HIRE

Pros & Cons of Contract Hire

Why it might be right for you

  • Fixed low rentals - to suit your budget and cash flow requirements.
  • Zero depreciation risk - no disposal worries simply return the vehicle at the end of the contract. Excess charges will apply if the vehicle is returned outside of the condition and mileage terms.
  • Tax efficient - rentals allowable against tax.
  • VAT reclaimable - VAT registered businesses can re-claim 50% to 100% of the VAT element on rental and 100% on the maintenance payments.
  • Road Tax included - renewed annually.
  • Flexible terms - choice of advance rental, contract period and mileage available.
  • Maintenance - Optional maintenance package, subject to a charge.

Why it might not be right for you

  • Ownership - you cannot buy the vehicle at the end of the contract.
  • Maintenance - you must maintain the vehicle in accordance with the contract conditions, even if you have not chosen the optional maintenance package.
  • Repossession - failure to maintain contractual payments may result in legal action.
  • Insurance - you must have fully comprehensive insurance.
  • Termination - you can terminate the contract early by paying 50% of the remaining rental cost.

PCH

Personal Contract Hire

Choose your initial rental in advance (subject to underwriting), annual mileage and we calculate your regular rentals. You can also choose the reassurance of various optional service, maintenance and repair packages. As you can never own the vehicle and it is returned at the end of the contract you have no disposal worries.

EXPLORE PCH FINANCE

Pros & Cons of PCH  Finance

Why it might be right for you

  • Fixed low rentals - to suit your budget and cash flow requirements.
  • Zero depreciation risk - no disposal worries simply return the vehicle at the end of the contract. Excess charges will apply if the vehicle is returned outside of the condition and mileage terms.
  • Tax efficient - rentals allowable against tax.
  • Road Tax included - renewed annually.
  • Flexible terms - choice of advance rental, contract period and mileage available.
  • Maintenance - Optional maintenance package, subject to a charge.

Why it might not be right for you

  • Maintenance - you must maintain the vehicle in accordance with the contract conditions.
  • Insurance - you must have fully comprehensive insurance.
  • Termination - you can terminate the contract early by paying 50% of the remaining rental cost.

Finance Suitability Guide

Compare our finance products to find the one that suits you best.

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