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Finance at McMillan Motors

There are a number of things to consider before taking out finance against your vehicle. Would you like to own the car at the end of the term? How much deposit do you have? And what are your annual mileage needs? These are all things a car finance calculator will use to help create a tailored payment plan for you.

At MG, we offer two flexible finance packages to suit everybody. These are:

  • Personal Contract Purchase (PCP)
  • Purchase Plan
  • Read on to discover which of these may be best for you.

PCP finance calculator

PCP is a flexible payment plan that can be tailored to your needs. You can decide what deposit – if any – you would like to put towards your new MG, as well as how many months you would like to pay for. Once you provide your estimated annual mileage, the PCP finance calculator will then determine how much your monthly payments are going to be. All payments have fixed interest, so what you pay remains the same each month, with no surprises.

PCP finance is different to some other options as it gives you three options for what you can do at the end of your payment period. You can either:

  • Make a final payment and own the car
  • Hand the car back to MG with no further payments (as long as the mileage limit hasn’t been exceeded and there’s no damage to the car beyond reasonable wear and tear)
  • Part-exchange the car for a new vehicle

With the above options, PCP is a particularly useful finance option for people who like to change their car on a regular basis.

Purchase Plan finance calculator

Another option to explore using our car finance calculator is a Purchase Plan. As with PCP, you can choose whether you wish to finance the whole car or put down a deposit so that your monthly payments are reduced. You also choose how long you want to pay the car off for, and enjoy fixed interest rates throughout the duration.

With this straightforward loan option, the car is yours at the end of the term.


McMillan Motors Ltd., a dealership acting as a credit broker in arranging finance for vehicle  transactions.
Address: 2630 Brougham Street, Greenock, PA16 8AF, Company registration no. SC372010, Tel:01475 783 336

We are authorised and regulated for credit-broking activities by the Financial Conduct Authority (“FCA”). We are not a lender. Our FCA Firm Reference Number is 807418. For more information, please visit the FCA website at: Please note that business customers may not be protected under the Consumer Credit Act 1974 or FCA rules.