We can offer the following finance packages:
Hire Purchase
The most simple and straight-forward agreement is ‘hire purchase’ where you pay fixed monthly payments in order to spread the cost of purchasing a car over several years. The benefits of this agreement are that deposits are flexible whilst having fixed rates and payments make budgeting a whole lot easier. Terms available upon from 12 – 60 months, written quotations available on request.
Personal Contract Purchase
With PCP the lender calculates the future value of the vehicle based on the stated annual mileage and market value data. This value is offset as a final payment due at the end of the term (normally 36 or 48 months) the monthly payments are then calculated on the remaining balance after any initial deposit amount is deducted.
At the end of the term when the final payment is due there are three options,
- Hand the car back to the finance company and walk away
- Make the final payment and keep the car or
- Part exchange the car incorporating the final settlement in the new vehicle purchase.
