Approved by the Financial Services Authority, we offer a wide range of finance products designed to be flexible to your requirements. We have the expertise to ensure you make the right decision. Whether you are choosing a car as a private individual or for your business, we have numerous options available. Detailed below are some of the more popular finance options we currently have on offer.
Personal Contract Purchase
This is currently the most popular way to pay for a car. It is ideal for customers who wish to change their car on a regular basis, taking away the worry of depreciation. Low deposits and lower monthly payments are usually available, together with the option of changing your car more frequently than other more traditional finance options. Monthly payments and guaranteed future values depend on factors such as annual mileage and vehicle specification. As a result Personal Contract Purchase is very well suited to new or nearly new car purchases.
Hire Purchase
This is the most straightforward method of purchase and is ideal for customers who desire outright ownership at the end of the agreement. It is best suited to those with higher deposits or customers who change their cars at intervals of greater than 48 months. In some instances it is possible to offer to offer a final non guaranteed balloon payment which can reduce the monthly payment.
Personal Contract Hire
Available for private individuals, this allows you to run a car without the worry of ownership or depreciation and gives you the option of having a maintenance package so you have no unexpected bills.
Contract Hire or Operating Lease
Contract Hire (also known as Operating Lease) can be a very tax efficient funding method for the VAT registered business user. Contract Hire enables the finance company to reclaim the VAT on the car you drive. This saving is passed on to you with reduced monthly rentals. There are also other tax efficiencies available. Maintenance packages are also usually taken giving the business user fixed budget motoring.
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