Finance

WE MAKE BUYING YOUR NEXT USED CAR NICE AND EASY WITH OUR FINANCE PACKAGES!

Finance is generally available on all cars

  • Settle any outstanding finance (even if you owe more than your car's value)
  • Reduce your payments
  • Upgrade your car
  • Low deposit and regular payments lets you afford the car you want

Looking to 'Drive away the same day'?

You must bring with you:

  • DRIVING LICENCE (Holders of photo ID licence must bring counterpart)
  • UTILITY BILL - must be within last 3 months - preferably landline phone bill showing current address
  • PROOF OF SIGNATURE - e.g. Passport, Credit / Debit Card, etc.
  • LAST TWO WAGE SLIPS
  • YOUR PART EXCHANGE DOCUMENTS - if applicable
  • YOU MUST BRING YOUR LOGBOOK (V5) IF YOU PLAN TO PART EXCHANGE
  • CURRENT INSURANCE DETAILS

Personal Contract Purchase

About Personal Contract Purchase

A Personal Contract Purchase is a flexible and popular choice, as you can keep your monthly repayments lower by deferring a significant proportion of the amount of credit to the final payment at the end of the agreement. This means you may be able to afford a better vehicle than you thought possible.

At the start of the agreement the finance company sets a guaranteed future value (GFV) for your vehicle. You pay a deposit and then make the monthly repayments on the balance of the loan, plus the interest charges, minus the guaranteed future value. At the end of the agreement you have three options:

  1. Pay the guaranteed future value and the vehicle is yours, or
  2. Hand back the vehicle with nothing more to pay, or
  3. Part exchange the vehicle and use any equity as a deposit on your next vehicle. 
This product is ideal if you:
  • Want the choice to purchase a more expensive vehicle with a lower monthly payment than a traditional hire purchase agreement.
  • Like to change your vehicle frequently and drive the latest models.
  • Want to budget and stick to a fixed monthly amount, as your repayments will be fixed for the term of your agreement.
  • Want a guaranteed future value for your vehicle at the end of the agreement.
  • Are looking for a new or used vehicle, as the product is applicable to both.
  • Think you may want to settle your agreement early and part exchange the vehicle for a newer model.
Things you need to know:
  • A significant proportion of the credit is deferred to the end of the agreement, so you should budget for this if you want to own the vehicle.
  • You set your expected annual mileage and this affects your monthly repayments and also the guaranteed future value. If you go over the expected mileage then excess charges will apply.
  • Additional charges will also apply if you hand back the vehicle in a poor condition.
  • You cannot sell or give the vehicle away until you have made all repayments under the agreement.
  • Your vehicle is at risk of repossession if you do not make the contractual repayments.
And finally...
  • You must be at least 18 years of age to apply.
  • You must have fully comprehensive insurance.
  • You must be the registered keeper of the vehicle and keep it in your possession for the term of the agreement. You cannot obtain motor finance in your name for someone else.

Hire Purchase

About Hire Purchase

A Hire Purchase agreement could help you buy the vehicle of your dreams by spreading the cost over an agreed term. You will pay an initial deposit, sign the agreement documents then you’re free to drive away your new vehicle. After you’ve made all the agreed monthly payments the vehicle is yours. 

This product is ideal if you:
  • Want to own the vehicle outright at the end of the loan agreement.
  • Want to budget and stick to a fixed monthly amount, as your repayments will be fixed for the term of your agreement.
  • Want to set the term agreement between 1 and 5 years, as the choice is yours.
  • Are looking for a new or used vehicle, as the product is applicable to both.
  • Think you may pay the full agreement early, as you will get a rebate on any future interest payment.
Things you need to know:
  • You have protection under the Consumer Credit Act Termination Rights and protection under the Consumer Rights Act.
  • Your vehicle is at risk of repossession if you do not make the contractual repayments.
  • You have no protection against depreciation as a result of an unexpected fall in the value of the vehicle.
  • You cannot sell or give the vehicle away until you have made all repayments under the agreement.
And finally...
  • You must be at least 18 years of age to apply.
  • You must have fully comprehensive insurance.
  • You must be the registered keeper of the vehicle and keep it in your possession for the term of the agreement. You cannot obtain motor finance in your name for someone else.

Lease Purchase

Lease purchase is best suited to cars with higher values and for customers that like to change cars regularly. Similar to a 'Hire Purchase agreement' with the main difference being a balloon payment at the end of the agreement. This means that monthly payments are much less and whether you want to settle your agreement early or at the end of the agreement it is your choice whether you want to part-exchange the car, re-finance or just pay off the balance.

Associates

RAC Warranties
Santander Finance
AutoCheck
Credit Cards Accepted
Manufactures
Manufactures