Compare Finance Options Side by Side
Adjust the details below and instantly see how PCP, HP and lease compare for your chosen model.
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Your Finance Comparison
PCP
Personal Contract Purchase
£1,021.72
per month
HP
Hire Purchase
£2,150.99
per month
Lease
Personal Contract Hire
£1,735.13
per month
These figures are estimates for illustration purposes only. Actual rates and payments will depend on your individual circumstances, credit profile and the lender's criteria. Representative APR may differ.
Key Differences Explained
PCP: Best for Lower Monthly Payments and Flexibility
Personal Contract Purchase is the most popular way to finance a Range Rover. A significant portion of the vehicle's value is deferred to a “balloon payment” at the end of the term, which dramatically reduces your monthly outgoings. At the end of the agreement, you have three choices: pay the balloon to own the car, hand it back with nothing more to pay (subject to mileage and condition), or part-exchange for a new model.
PCP suits drivers who like to change their vehicle every few years, those who want the lowest possible monthly payment, and anyone who values flexibility at the end of the term. The trade-off is annual mileage limits (typically 8,000 to 15,000 miles) and restrictions on modifications.
HP: Best for Outright Ownership
Hire Purchase is the most straightforward form of car finance. You pay a deposit followed by fixed monthly payments over an agreed term. Once the final payment is made, the vehicle is yours — no balloon payment, no surprises. Monthly payments are higher than PCP because you are paying off the entire value of the vehicle.
HP is ideal for drivers who plan to keep their Range Rover for the long term, those who cover high mileage, and anyone who wants to modify their vehicle. There are no mileage limits and no condition concerns at the end. For a vehicle you intend to keep for many years, HP is typically the most cost-effective option overall.
Lease: Best for Hassle-Free Motoring
A personal lease (PCH) is essentially a long-term rental. You pay an initial rental followed by fixed monthly payments, and you hand the vehicle back at the end. You never own the car. Lease deals often include maintenance packages, and monthly costs are fully predictable.
Leasing suits drivers who always want to be in a new vehicle, prefer predictable monthly costs, and are happy not to own the car. It is also popular with business users, as lease payments can often be offset against tax. The key restrictions are mileage limits and the requirement to return the vehicle in good condition.