RAM Automotive

Whatever your situation, I’ll help you make the right financial decision when choosing your next vehicle.

For independent, no-nonsense advice, ring or email me today. Simon Posner, Owner, RAM Automotive.

Lease, Rent or Something Else?

Browse our current car and van top lease deals and get a good idea of what’s on offer for everyone and private individuals looking for fixed-cost motoring. Remember, leasing a car or van isn’t the best option for everyone. So get in touch, and we’ll help you decide whether it’s right for you or which finance plans might suit you better.

What We Do

Matching your car or van to your needs and situation. At RAM Automotive, we can help you understand vehicle finance, so you can make a smart decision and get the vehicle you want at the best possible price.

Personal Contract Purchase (PCP)

A Personal Contract Purchase (PCP) is a loan secured by the car, with repayments based on a portion of its value. The loan firm guarantees the vehicle's minimum value at the end of the agreement, often known as the Guaranteed Minimum Future Value (GMFV) or Optional Final Payment (OFP). This is offset till the end of the contract. PCPs can last from two to four years, with repayments calculated by the size of the deposit, the number of kilometers the consumer wants to drive, and the length of the arrangement.

Hire Purchase (HP)

Hire Purchase (HP) is a hiring agreement between a customer and a financing business. The loan is secured against the car for a term of one to five years, with fixed monthly installments that include interest. During or at the end of the agreement (if the balance has been paid in full), the customer can own the vehicle by paying an extra fee known as the Option to Purchase Fee, and will then own the title to the car, becoming the legal owner. The customer is the registered keeper of the car and is responsible for its insurance and maintenance, but the finance firm retains legal ownership until the loan is fully repaid.

Personal and Business Contract Hire

Personal Contract hiring (PCH) or Business Contract Hire (BCH) allows the customer (the lessee) to select the vehicle they want, use it for a specified amount of time, and then return it to the leasing company (the lessor) at the conclusion of the hiring period. The consumer will pay a fixed monthly rental payment for a set amount of time, based on a predetermined annual mileage limit. Some PCH and BCH agreements cover Annual Vehicle Excise Duty (road tax). Service and maintenance programs might also be included. The customer is not obligated to pay for the disposal or sale price of the car at the end of the contract. The finance firm owns the car, and the customer has no option to buy or sell it. All rents will be subject to the prevailing VAT rate.

Lease Purchase (LP)

On a Lease Purchase (LP), a portion of the overall cost of the car is delayed (estimated future resale/residual value) until the end of the agreement. The customer's monthly payments will be based on the total cost minus the postponed amount. To own the vehicle, you must make the deferred payment at the end of the agreement. On an LP agreement, the delayed portion (residual value/final payment) is assessed based on vehicle usage, which means the vehicle may be worth less than the lender's estimate, resulting in negative equity. The difference between a Lease Purchase and a Personal Contract Purchase PCP is that the deferred payment on a Lease Purchase is an estimate of how much the car may be worth, whereas on a PCP, the Guaranteed Minimum Future Value (GMFV) is the lowest the car will be worth, and there is no option to return the car.

Why Choose Us

At RAM Automotive, we understand that finding the right vehicle within your budget, with a finance deal that’s right for you, is crucial to your business success. Here’s why we think you should choose us:

Individual Attention

We take the time to understand your needs and will help you find the best solution for your business goals and budget.

Experience and Expertise

With over 30 years of experience in the car market, we’ve got excellent knowledge and a proven track record.

Competitive Prices

We work hard to negotiate competitive prices and offer attractive finance packages, ensuring you get great value for money.