Finance

How does Passport work?

• You decide the amount of deposit you wish to pay - usually between 0% and 20%
• You then choose an annual mileage band - 6,000, 12,000, 18,000 or 24,000 miles.
• Peugeot forecast the value of the vehicle at the end of the two or three year agreement, which will become the minimum guaranteed future value underwritten by Peugeot
• You pay the difference between the Peugeot Passport price, your deposit and the minimum guaranteed future value over the period of your 2 or 3 year agreement.
• Payments are fixed, allowing you to effectively plan your budget
• At the end of the 2 or 3 years you can drive away in a brand-new Peugeot by simply renewing your Passport agreement (subject to mileage, condition and status).

How do I benefit from Passport?

• Passport gives you worry-free motoring. All Passport agreements include Road Fund Licence for the first year and Peugeots own Extended Warranty and Peugeot Assistance operated by the AA for the full period of the agreement.
• Passport gives you flexible options at the end of the agreement. You can part exchange, enter into a new agreement and drive away in a brand-new Peugeot (subject to mileage, condition and status), purchase the vehicle by paying the final payment which equals the guaranteed future value or just hand the car back (subject to mileage, condition and status).
• With Passport the payments are less than our traditional finance over a similar term. The final payment and the deposit are deucted from the sale price with monthly payments calculated on the remaining balance (plus interest on the whole amount financed).

What are my options?

Option 1
Part-exchange your current vehicle and arrange a new Passport agreement. As Peugeot have guaranteed a minimum future value, any difference between that figure and the actual part-exchange value agreed with us can be used towards the deposit on your new Peugeot (subject to mileage, condition and status).

Option 2
You can choose to keep the car simply by making the final payment equivalent to the guaranteed future value that was agreed at the start of your Passport agreement.

Option 3
Return the vehicle to Dickens with no further charges (subject to the vehicle being returned on time and meeting the mileage and condition terms contained in the agreement).