We are car finance specialists, letting us take the hassle of arranging finance for your new car, all we require are a few personal details, simply fill the finance application form, APPLY NOW below. We will find the right lender for you, offering you the most competitive interest rates in the market. Once you're accepted you simply sign your agreement when you collect your new car, and won't start paying until the following month. We offer several different methods of finance including:
[H.P.] HIRE PURCHASE.
This is a very straightforward form of car finance. You choose the car; the finance company pays 'us' the dealer. You then hire the car from the finance company, taking responsibility for it and making monthly payments until you have paid the total amount owed. At the end of the repayment period, you have the option to take ownership of the car.
[P.C.P] PERSONAL CONTRACT PURCHASE
With PCP, as with HP, you choose the car and the finance company pays the dealer. You still pay monthly instalments to the finance company as with other forms of credit, but you are only paying for part of the total amount due. The rest is due as a lump sum (balloon payment) at the end of the repayment period. This means you pay less each month for a car of the same value than you would with a traditional HP plan. At the end of the repayment period you can simply give the car back and start again with a newer vehicle. Alternatively, you can pay the pre-agreed balloon payment and buy the car.
Personal loans – regularly referred to as car loans – are not secured on the vehicle you buy, meaning you own the vehicle from the start. You borrow the money from a finance provider and use it to buy the car. You then pay the finance provider back over an agreed period.