Get more car for your money with auto financing
Upgrade to a higher specification model, add more options to your car, or pay less each month – with ALPHERA Select, the choices are yours.
Flexible PCP car finance with ALPHERA Select
ALPHERA Select is our personal contract purchase (PCP) car finance product for new and used cars. It offers lower monthly payments than an equivalent hire purchase agreement, with flexible end of term options.
What is ALPHERA Select PCP finance?
There’s a good reason why ALPHERA Select is our most popular finance product for new and used vehicles. Because it features a Guaranteed Future Value (GFV), you can defer a proportion of your vehicle’s value until the end of the agreement as an optional final payment.
That means your monthly payments could be less than you think, giving you more flexibility to choose the vehicle, specifications or optional extras that suit you, while staying within budget, although the total amount you pay might be higher than with HP.
With ALPHERA Select, the choice is yours.
Is PCP car finance right for you?
ALPHERA Select may suit you if you want lower monthly payments and the flexibility to decide whether to keep, part-exchange or return the vehicle at the end of your agreement.
It may be less suitable if you know from the outset that you want to own the car, don’t want to be restricted by an agreed annual mileage or would prefer not to have an optional final payment.
How does Alphera Select PCP work?
ALPHERA Select lets you tailor your PCP agreement around factors such as your deposit, contract length and estimated annual mileage. Here’s how it works:
- Choose your car
Select the new or used car you want to finance. - Agree your deposit and term
Your finance agreement will take account of your deposit, contract length and estimated annual mileage. Agreements usually last between 24 and 60 months. - Make fixed monthly payments
You make the agreed monthly payments throughout the term. Part of the car’s cost is deferred until the end as the optional final payment. - Choose what happens at the end
You can keep, part-exchange or return the vehicle, subject to the conditions of your agreement.
Your Retailer can help you explore different deposit, terms and mileage allowances to tailor the agreement to meet your needs.
What happens at the end of your PCP agreement?
At the end of your ALPHERA Select agreement, you have three options:
- Keep the vehicle by paying the optional final payment and any option-to-purchase fee.
- Part-exchange the vehicle for another vehicle. Any equity above the amount needed to settle the agreement may be used towards your next car.
- Return the vehicle without paying the optional final payment. Excess mileage or vehicle-condition charges may apply.
If the vehicle’s part-exchange value is higher than the outstanding optional final payment and any applicable fee, the difference may be available as equity. If its value is lower, you can choose to return the vehicle instead, subject to the agreed mileage and vehicle-condition requirements.
ALPHERA Hire Purchase
If you’d like to own your car at the end of your agreement, with fixed monthly payments and no mileage restrictions, ALPHERA Hire Purchase could be exactly what you need.
MyALPHERA Finance
The easiest way to manage your motor finance
With the MyALPHERA Finance portal, you’ll find all the help you need to manage your finance agreement, whenever you need it. It's free and simple to register – ready to get started?
Register now
- View and manage multiple finance agreements
- Request a settlement figure and make an online payment*
- Edit your personal details
- Manage your documents
- Request partial early repayment*
- Update your bank details and amend your payment date
- Manage your options at the end of your agreement**
- View your payment summary
- Manage your marketing preferences
- Mileage calculator available***
*Excludes Personal Contract Hire Customers.
**Applies to Select and Hire Purchase customers only.
***Available for Select and Personal Contract Hire customers only.
Frequently asked questions
Yes. This is ALPHERA Financial Services’ personal contract purchase, or PCP, car finance product. It is available for new and used vehicles through participating Retailers.
Yes. ALPHERA Select may be available for both new and used vehicles, subject to the vehicle, Retailer, lending criteria and your individual circumstances.
No. ALPHERA Financial Services owns the vehicle during the agreement. You can become its owner at the end by paying the optional final payment and any applicable option-to-purchase fee.
The Guaranteed Future Value, or GFV, is the amount the vehicle is predicted to be worth at the end of the agreement. It is used to calculate the optional final payment and is based partly on the agreement term and anticipated mileage.
Yes. You can return the vehicle rather than paying the optional final payment. Charges may apply if you have exceeded the agreed mileage or if the vehicle does not meet the required condition standards.
PCP will usually have lower monthly payments than an equivalent hire purchase agreement because part of the vehicle’s cost is deferred until the end. However, the total amount payable may be higher if you choose to keep the vehicle.
ALPHERA Hire Purchase
Looking for a straightforward route to ownership? ALPHERA Hire Purchase lets you make fixed monthly payments towards owning your vehicle, with no contractual annual mileage allowance or optional balloon payment.
Never miss a thing
Stay in touch with all the latest news and updates from ALPHERA and the motor finance industry, delivered direct to you.
