Car Lease Contract Hire Loan

Fancy a new car on contact hire or PCP with balloon rental at end? This app helps you work out the true cost of the deal.

And watch that sneaky dealer who quotes a 'Flat Rate'. This app will also work out the true APR so you can compare what a normal bank loan will cost.

Maybe the dealer says 'Can you afford £300 per month?'. Ask for term in months and the cost of vehicle and you will be able to do a reverse calculation to establish the true APR they are charging.

But, you say, a dealer is able to defer some of the capital until the end of the loan generally known as a PCP. Well search online for a well known UK department store (MS) who offer bank loans with a 40-60% deferred amount at end of loan!