What options are available to me?

Choosing the right car goes hand-in-hand with finding the right financial package too and we have a range of products to make your life easier. Our FSA compliant sales team is able to offer tailored funding packages (subject to status). Briefly we can offer (subject to status): -

Hire Purchase

This traditional scheme allows you to buy your car by paying, after the initial deposit, in simple, equal amounts at a fixed rate.

Plan benefits:

    Fixed payments
    At the end of the agreement, you own the car

How does this plan work?

    You decide on your deposit – typically 10% and upwards
    You then choose your repayment period (up to 5 years) to suit your buying needs
    At the end of the agreement the car is yours (you may settle the agreement at any time)

Personal Contract Purchase (PCP)

Similar to Hire Purchase, with the added advantage that the final payment (guaranteed to be the minimum worth of the car subject to normal wear and tear and an agreed mileage) is optional. If you don’t wish to pay you can part exchange or return the car to the finance company.

Plan benefits:

    Lower payments than traditional finance plans
    Ideal if you plan to change cars every 2-3 years

How does this plan work?

    You decide on your deposit – typically 10% and upwards
    You then choose your repayment period (up to 4 years) to suit your buying needs
    You then agree a final payment – taking into consideration the age, mileage and use of the car

At the end of the agreement you pay the final payment before taking ownership of the car (you may settle the agreement at any time).

For more information on the different financing options available for your new car visit the Finance and Leasing Association's website - www.financingyourcar.org.uk.