There are many ways
to finance your vehicle purchase and we can help with
this too.
Our finance packages are tailored to suit the individual
and our rates are competitive.
The options available are:
HIRE PURCHASE
PERSONAL CONTRACT PURCHASE
SUB PRIME FINANCE/ CREDIT PROBLEMS
Hire Purchase
Hire purchase is the
most established and easiest way to buy a car. After
paying an intial deposit the balance is repaid in fixed,
equal monthly payments. The agreement can be taken out
over 1 year or any length in time up to 5 years. When
all the payments have been made you become the owner
of the vehicle. At any point in the agreement you can
change your car or pay off the balance in full. The
finance company will agree a settlement figure, saving
some of the interest charges. Hire Purchase is an extremely
cost effective method of borrowing. By using hire purchase
as a source of credit, you leave bank borrowing as an
option for any unexpected expense. The fixed payments
bring a degree of certainty to your financial planning.
Personal Contract Purchase
Personal Contract Purchase is a plan
designed to maximise flexibility in the way you finance
your car. You will benfit from lower monthly payments
than those offered in a traditional hire purchase plan.
At the beginning of the contract a "balloon payment"
or Guranteed Future Value (GFV) is agreed, which is
paid at the end of the plan. This amount plus the deposit
you pay are deducted from the invoice price and the
balance is used to calculate monthly payments. At the
end of the agreement, you have the following choices:
Bring the car back and choose a new car using any excess
value over the GFV towards a deposit on your next car;
Pay the GFV and own the car outright; Return the car
with nothing more to pay, subject to having made all
monthly payments, the car being in good condition and
not having exceeded the agreed mileage.
Personal Contract Purchase can give you piece of mind
knowing you have a Guranteed Future Value. The lump
sum "balloon payment" can reduce monthly payments
making your choice of car more affordable. This plan
has more flexible repayment patterns and flexible deposit
terms for easier budgeting, tailoring the payment to
suit your needs and requirements.
Sub Prime Finance
Had problems getting
credit? We can help find the solution. Whatever the
reason, we can help finance your vehicle. We are not
interested in the reasons why just the solutions to
getting you on the road at a price you can afford. If
you think that you may have credit problems then it
is best to declare this first so that we may find the
right financial package for you. Don't be fooled into
thinking that there are only certain cars available
to you, make your choice in the normal way. Remember
that sub prime finance often takes longer to process,
so please help us speed things up by supplying the necessary
proofs and documents as quickly as possible. We will
need copies of your driving licence (both parts), bank
card, computerised wage slips, utility bill or other
proof of address.
