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At OMC Kia, we offer a range of finance and purchasing options for the Kia PV5, whether you're a private customer, sole trader, VAT-registered business or managing a larger commercial fleet.
There isn't one finance option that's right for everyone. The best way to fund a Kia PV5 depends on how you intend to use the vehicle, whether you're buying privately or through a business, how many vehicles you operate and whether you want to own the vehicle at the end of the agreement.
From buying outright and Hire Purchase to Business Contract Hire, Personal Contract Hire, PCP and Lease Purchase, our team can help you understand the different options available and find a solution that suits your circumstances.
There are several ways to purchase or fund a Kia PV5, so you don't necessarily need to pay for the vehicle in full upfront.
Depending on whether you're purchasing a PV5 Cargo or PV5 Passenger, and whether you're buying privately or through a business, available finance options can include:
An outright purchase means paying for the Kia PV5 in full at the time of purchase. You own the vehicle from the start and there are no monthly finance payments.
This can be a straightforward option for customers who have the funds available and want to own their PV5 immediately.
Hire Purchase allows you to spread the cost of your Kia PV5 over an agreed period through regular monthly payments.
Once all required payments have been made and the agreement has been completed, you own the vehicle, subject to the terms of the finance agreement.
HP can be suitable for customers who want to own their Kia PV5 but would prefer to spread the cost rather than pay for it outright.
Business Contract Hire can be an option for VAT-registered businesses looking to use a Kia PV5 without intending to own it at the end of the agreement.
Typically, you pay an initial rental followed by fixed monthly rentals for an agreed term and mileage allowance. At the end of the agreement, the vehicle is normally returned, subject to the terms and condition of the contract.
BCH can be particularly useful for businesses that want predictable monthly vehicle costs and the flexibility to regularly change their commercial vehicles.
Personal Contract Hire is a contract-hire option for customers who are not using Business Contract Hire.
You generally pay an initial rental followed by fixed monthly payments for the agreed contract period and mileage. At the end of the agreement, the vehicle is usually returned, subject to the agreement's terms and conditions.
PCH can provide a simple way to drive a new Kia PV5 without taking ownership of the vehicle.
Personal Contract Purchase (PCP) is available on the Kia PV5 Passenger rather than the PV5 Cargo.
PCP allows you to spread your payments over an agreed period, with a larger optional final payment, often referred to as a Guaranteed Future Value (GFV) or balloon payment, at the end of the agreement.
At the end of the agreement, you will normally have a number of options, subject to the finance agreement's terms. These can include:
PCP can be an attractive option for private customers who want lower regular payments while retaining flexibility at the end of the agreement.
Lease Purchase is available on the Kia PV5 Cargo and is designed for customers who want to fund the vehicle with the intention of owning it.
The agreement typically involves regular payments with a final payment due at the end. Unlike contract hire, the vehicle is intended to be retained rather than simply returned at the end of the agreement.
Lease Purchase can be particularly relevant to businesses and commercial vehicle operators who want to spread the cost of purchasing a PV5.
For VAT-registered businesses, Lease Purchase with a balloon payment is available on the Kia PV5 Cargo.
This structure allows part of the vehicle's cost to be deferred until the end of the agreement, resulting in a larger final payment. This can reduce the regular monthly payments compared with a finance arrangement where the entire balance is repaid through the monthly instalments.
Businesses should consider their expected future cash flow and how they intend to deal with the final payment before choosing this type of agreement.
The Kia PV5 is designed to meet the needs of a wide range of businesses, from sole traders and small businesses to companies operating larger commercial fleets.
Your finance and purchasing options can depend on the size of your fleet and how many vehicles your business operates.
Businesses operating between 1 and 24 vehicles can qualify as a Local Business customer.
This can be suitable for sole traders, small businesses and local companies looking to add one or more Kia PV5 vehicles to their operation.
Businesses operating 25 to 100 vehicles may qualify for Fleet Level 1 support.
Larger fleets may have access to different purchasing support and discounts, depending on eligibility and the current Kia commercial vehicle programme.
Businesses operating 100 or more vehicles may qualify for Fleet Level 2.
Larger fleet operators can benefit from dedicated fleet support and potentially different purchasing incentives, subject to eligibility and the current programme.
If you're responsible for a larger fleet, our team can discuss your requirements and help you understand the purchasing and finance options available.
The right finance option depends on what you want from your Kia PV5.
| Finance option | Who could it suit? | Ownership |
| Outright Purchase | Private customers and businesses with funds available | You own the vehicle immediately |
| Hire Purchase (HP) | Customers who want to own the vehicle while spreading the cost | You own the vehicle once the agreement is completed |
| Business Contract Hire (BCH) | VAT-registered businesses wanting predictable monthly costs | Vehicle is normally returned at the end |
| Personal Contract Hire (PCH) | Private customers wanting to use a new PV5 without ownership | Vehicle is normally returned at the end |
| Personal Contract Purchase (PCP) | Private customers choosing a PV5 Passenger | Options available at the end, subject to agreement |
| Lease Purchase | Businesses and customers intending to own a PV5 Cargo | Intended for ownership |
| Lease Purchase with Balloon | VAT-registered businesses funding a PV5 Cargo | Intended
for ownership, with a larger final payment |
The availability of individual finance products can vary by Kia PV5 model, vehicle specification, customer type and current finance programme. Finance is subject to status, terms and conditions and approval.
If you're buying a Kia PV5 Passenger for personal use, you may have several options to consider, including outright purchase, Hire Purchase, Personal Contract Hire and Personal Contract Purchase, depending on the current finance programme.
Think about whether you want to own the vehicle at the end of the agreement, how much you want to pay upfront and how predictable you want your monthly payments to be.
Our team at OMC Kia can explain the differences between each option and help you compare the overall structure of the agreement.
If you're purchasing a Kia PV5 Cargo for your business, your options may include Hire Purchase, Business Contract Hire, Lease Purchase and Lease Purchase with a balloon payment, depending on your business status and the current finance programme.
For businesses, it's important to consider more than just the monthly payment. Factors such as contract length, mileage, VAT treatment, ownership, deposit or initial rental and any final payment can all affect which option is most suitable.
If you're replacing an existing van or adding vehicles to your fleet, our commercial vehicle specialists can help you compare the available options.
Whether you're a private customer looking for a new Kia PV5 Passenger, a sole trader needing a practical electric van or a business managing a larger fleet, OMC Kia can help you explore the available ways to fund your Kia PV5.
Visit our Kia PBV Centre in Oldham to discuss your requirements, compare finance options and find the right Kia PV5 for your needs. We proudly serve customers across Oldham, Rochdale, Manchester and the wider Greater Manchester area.
Kia PV5 Finance FAQs
Yes. There are several ways to fund a Kia PV5, including Hire Purchase, Business Contract Hire, Personal Contract Hire, Personal Contract Purchase and Lease Purchase, depending on the PV5 model and whether you're buying privately or through a business.
There isn't one finance option that is cheapest for every customer. The overall cost depends on factors including the vehicle price, deposit or initial rental, finance term, interest rate, mileage and any final payment.
It's important to compare the total amount payable, not just the monthly payment.
Yes. Businesses can have several options for funding a Kia PV5, including Business Contract Hire, Hire Purchase and Lease Purchase. VAT-registered businesses may also have access to Lease Purchase with a balloon payment on the PV5 Cargo, subject to eligibility and the current finance programme.
PCP is available on the Kia PV5 Passenger rather than the PV5 Cargo, subject to the current finance programme and approval.
Yes. Lease Purchase is available on the Kia PV5 Cargo, subject to the current finance programme. It is designed for customers who want to fund the vehicle with the intention of owning it.
With Business Contract Hire, you typically make an initial rental followed by monthly rentals and return the vehicle at the end of the agreement, subject to the contract terms.
With Lease Purchase, the agreement is structured with the intention of retaining and owning the vehicle, with the outstanding balance typically settled through a final payment.
With Hire Purchase, you normally make regular payments towards the full cost of the vehicle and own it once the agreement is completed, subject to the terms.
With PCP, part of the vehicle's cost is deferred to an optional final payment, giving you different options at the end of the agreement, subject to the finance terms.
Yes. Sole traders can have access to different Kia PV5 purchasing and finance options, depending on their circumstances and the finance product available. Our team can help you understand which options may be suitable for your business.
Yes. The available finance products can differ between the Kia PV5 Cargo and Kia PV5 Passenger. For example, PCP is available on the PV5 Passenger, while Lease Purchase is available on the PV5 Cargo.
Yes. Our team can talk you through the available Kia PV5 finance and purchasing options based on whether you're buying privately or for business, how you plan to use the vehicle and whether you want to own it at the end of the agreement.
