MG Finance

MG offers a wide range of finance packages with benefits that are designed to complement your lifestyle. At our dealership in Brechin, one of our experienced team will be able to advise you of the many options available. Contact us today to create the ideal finance package for your new car.

The ways you can finance your car with MG are: Contract Hire, Hire Purchase or Preferences - our Personal Contract Plan (PCP) scheme.

Contract Hire

This straightforward finance package is designed to provide peace of mind. With fixed monthly rentals and no disposal risk (subject to mileage and condition), it removes financial uncertainty and administrative burden, so you can concentrate on running your business.

You pay a number of rentals in advance (typically three), followed by a fixed number of monthly payments over an agreed contract period. At the end of the term, simply hand back the vehicle with nothing to pay (subject to mileage and condition).

Hire Purchase

Hire purchase is the tradional way to finance your new car. Simply choose the deposit amount you wish to pay and the length of the repayment period.

You pay for your car over a pre-agreed period, during which time the balance and interest are repaid by fixed payments. You can select any level of deposit or period of agreement from within our product parameters to suit your own individual needs. The interest charged is calculated at the beginning of the agreement and will remain unaffected by any future changes in interest rates, allowing you to plan your budget with confidence. When all the payments have been made at the end of the agreement, you own the car.


Preferences (our PCP scheme) offers you the freedom to drive the car of your choice every two or three years (subject to status). We'll guarantee the value of your car at the end of the agreement, and you pay the deposit of your choice and the remaining balance over the agreed period.

Once you have chosen the car you want, decided how much deposit you wish to pay and agreed a repayment period, your dealer will calculate your fixed payments and the Guaranteed Future Value (GFV). You can select any level of deposit or period of agreement from within our product parameters to suit your own individual needs. The GFV is the minimum amount the car is estimated to be worth at the end of the agreement term. At the end of the agreement, you are free to choose from:

  • Part exchange the car with your MG dealer and drive away in a new car using any amount over the GFV as part of your deposit on the next agreement.
  • Pay the GFV and take ownership of the car.
  • Simply return the car to MG Finance with nothing more to pay (subject to final mileage adn condition of the car).

Finance available to persons aged 18 years or over. Guarantees and Indemnities may be required, MG Finance, a trading style of RCI Financial Services Limited, PO Box 495, Watford, WD17 1AF.

To discuss the MG Finance options further please visit Mackie Motors Arbroath, make an enquiry or call us and a member of the sales team will be delighted to help with your requirements.