Finance options
A simple and traditional way to finance your car over a fixed period for a fixed monthly amount.
How does it work?
- You pay a deposit then make regular monthly repayments to repay the balance, it’s that simple.
- As your interest rate is fixed you’ll know exactly how much you’ll repay at the outset of the agreement.
- The loan is secured against your car.
- Once all the installments have been paid the car is yours.
What else do I need to know?
- Repayment periods can vary from 12-60 months. The choice is yours.
- If you decide to sell the car before the end of the term a settlement figure will be calculated without penalty, based around the time you have had the loan.
A highly flexible and popular plan that provides you with the option to change your car on a regular basis and can offer reduced monthly payments compared to straight HP
How does it work?
- At the outset of the agreement, we’ll set a guaranteed future value for your car.
- Like HP you pay a deposit and then make equal monthly repayments but based on the amount borrowed less the guaranteed future value.
At the end of the monthly repayment period you’ll have three options;
- Pay the guaranteed future value and the car is yours
- Hand back the car with nothing more to pay*
- As most of our customers do, part exchange the car and use any equity as a deposit on your next car.
What else do I need to know?
- Typically repayment periods are over 36 or 48 months.
- The guaranteed future value is based on your repayment period and estimated mileage. This can be set from 6,000 to 30,000 miles per annum.
- This plan is most effective for cars up to 36 months old
- The agreement can be settled midterm in the usual way should you wish to change car sooner.
A flexible finance plan for business customers.
How does it work?
- At the outset of the agreement, we’ll set a lump-sum final repayment. This is referred to as a ‘balloon’ payment.
- You pay a deposit and then make reduced monthly repayments based on the outstanding loan balance less the balloon repayment.
- At the end of the monthly repayment period you have two options;
- Make the balloon repayment and the car is yours, or, part exchange the car and use any equity as a deposit on your next car
And what else do I need to know?
- Repayment periods can vary from 12-48 months.
- The balloon repayment amount will be set dependent on the age of the car and the length of the agreement.