HP lets you spread the cost of your vehicle, plus any interest and the option to purchase fee at the end, by paying fixed monthly repayments over 12 to 60 months to suit your budget. No minimum deposit is required, so you can choose to either finance the vehicle entirely, or put down a deposit to reduce the monthly payments. When you have paid off the finance agreement, and settled the option to purchase fee, the vehicle becomes yours
PCP lets you spread the cost of your vehicle by paying fixed monthly repayments over 36 to 48 months to suit your budget. At the end of your finance agreement, you have the option to pay a final balloon payment if you want to keep the vehicle which makes the monthly repayments lower than on a HP agreement. No minimum deposit is required, so you can choose to either finance the vehicle entirely, or put down a deposit to reduce the monthly payments. At the end of your agreement, you have 3 options: retain, return or replace the vehicle.
If you’re looking to grow your number of vehicles on the road, we can help source a vehicle from our network of trusted dealers, and create a finance agreement that works for you and your business. Drive your business forward with our MotoNovo Commercial offering, suitable for business customers.
Finance is subject to affordability checks and is only available to UK residents aged 18 and over.
If you don't keep up with your repayments, the vehicle may be repossessed.
Manage your finance anytime, anywhere with MyMotoNovo. Our app lets you access your agreement 24/7.
Fraudsters often impersonate finance companies so to help so to help you stay alert, take a look at our top tips.
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