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Finance at Eakin Bros

With extensive car finance options, plus great part exchange deals, Eakin Bros aim to make the buying experience as simple as possible for all our customers.

Financing a car can be confusing, but at Eakin Bros our professional and friendly sales team will walk you through the entire process.

We will be able to explain the process to you in simple terms and layout all of the options available to you. That’s how we make it much easier for you to walk away with the car of your dreams. You can use any one of three different finance options to make your next purchase that little bit easier. We encourage prospective buyers to make the most of the extensive finance offers we have available.


Personal Contract Purchase (PCP)

A Personal Contract Purchase agreement or ‘PCP’ is a finance product designed to help reduce monthly payments by delaying part of the repayment until the end of the agreement. This final payment is often referred to as the GMFV or Guaranteed Minimum Future Value and is guaranteed by the finance lender. This figure is calculated using industry data and determines the likely value of your vehicle at the end of the finance agreement, in line with the term and estimated annual mileage. The GMFV will offer you additional protection in the future should car values drop in the used car market.

Hire Purchase (HP)

Hire Purchase is a finance product that allows you to budget accurately by giving you a fixed interest rate and fixed monthly payments. After paying a relatively low deposit, you hire your car and will pay off the entire value of the car in monthly instalments. It’s one of the simplest forms of finance you can choose, because there are no restrictions on your mileage, so it’s easier if you are unsure how much you will use the vehicle.

Lease Purchase (LP)

Lease Purchase or Balloon HP offers lower monthly payments than standard Hire Purchase. LP is a finance product that allows you to budget accurately by giving you a fixed interest rate and fixed monthly payments, subject to a final option to purchase fee.



Eakin Brothers Limited is an appointed representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486). Permitted activities include acting as a credit broker not a lender.

We can introduce you to a limited number of finance providers. We do not charge fees for our Consumer Credit services. We typically receive a payment(s) or other benefits from finance providers should you decide to enter into an agreement with them, typically either a fixed fee or a fixed percentage of the amount you borrow. The payment we receive may vary between finance providers and product types. The payment received does not impact the finance rate offered.

All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over, Guarantees may be required.