Finance Options

Lease Purchase

• Are you opting out of the company car scheme?
  We can help you maximise your car allowance giving you more choice of vehicles
• Do you clock high mileage & don't want penalties?
  We can offer agreements with unlimited mileage at no extra cost
• Do you need low monthly payments to fit your budget?
  We can advise you on which vehicles can be financed to come within your budget
• Do you want to upgrade your current vehicle without an increase to your payments?
  Our monthly payments can often be much lower than main dealer agreements allowing you to consider other models previously overlooked due to cost
• Might you need flexible options for the future?
  Our agreements can offer options for early settlement with no penalties, terminating the agreement & handing the vehicle back and re-financing.

Lease purchase is currently our most popular finance choice available.

It's a fixed-rate finance scheme with significantly lower monthly payments due to a Residual Value/Balloon Payment being deferred to the end of the agreement period. This allows the remaining capitol to be financed through a series of greatly reduced monthly payments. At the end of the agreed period you can review your personal situation and decide on your next step.

Options Include:

• Clearing the outstanding balance and taking complete ownership of the vehicle
• Re-financing the vehicle
• Part-Exchanging/Use as deposit against your next purchase

There are also features of this agreement which can help protect against you ending the agreement term in negative equity should the vehicle depreciate more than predicted.

Main Features of Lease Purchase

• Flexible Term Length - 12-60 months
• Flexible Deposit - Not always necessary - keeps valuable cash available
• Lower monthly payments - Allows higher specification vehicles to come within your budget
• Suitable for individuals or Businesses
• Unlimited Mileage
• No risk of penalties being charged at end of term

Hire Purchase

Hire Purchase is the most traditional way of financing a car purchase.

It's a fixed-rate finance scheme where you pay a deposit and finance the whole of the outstanding amount through a series of monthly payments, at the end of the contract period you take entire ownership of the vehicle.

Main Features of Hire Purchase

• Flexible Term Length - 12-60 months
• Flexible Deposit - 0% upwards
• Suitable for Individuals or Businesses
• No outstanding amount at the end of contract period

PCP - Personal Contract Plan

PCP or Personal Contract Plan is the finance option given by most main dealers.

It is a fixed-payment scheme where the vehicle is given a guaranteed future value for the end of the agreement based on the age of vehicle and amount of predicted mileage. You will pay a deposit and finance the difference between that, the Guaranteed Future Value price and the purchase price, paid in fixed monthly payments. At the end of the agreed period you can review your personal situation and decide on your next step.

Options include:

• Clearing the outstanding balance and taking complete ownership of the vehicle
• Re-financing the vehicle
• Part-Exchanging/Use as deposit against your next purchase
• Returning the vehicle to the finance company

Main Features of PCP

• Flexible Term Length - 12-48 months
• Flexible Deposit - Normally 10-50%
• Lower monthly payments - Allows higher specification vehicles to come within your budget
• Suitable for Individuals
• Options at the end of the agreed period

Balanced Payment Plans

• COMPANY VEHICLES?
• HIGH NET WORTH INDIVIDUAL?
• COMPANY DIRECTOR COMPLETING OVER 66% OF ALL MILEAGE AS BUSINESS MILEAGE?
• FINANCE AMOUNT EXCEED £25,500.00?

If any of the above applies to you then Balance Payment Plans will certainly be of interest to you.

Balanced payment plans are only available to Companies, High Net Worth individuals and Directors who will be doing more than 66% business mileage. To qualify for balanced payment plans the amount borrowed must exceed £25,500.00

Unlike most vehicle finance agreements Balanced Payment Plans track the changes in the finance house base rate, LIBOR or bank base rate (depending on the agreement). As rates fall or rise over the period of the contract so does the interest charge you pay. Agreements can be arranged with fixed or variable monthly payments where the interest changes take effect either throughout the contract or are settled at the end of the contract. There are also options to include a balloon payment that further reduces the monthly costs, and the facility to make lump sum reductions and early settlements with minimum penalty options.

Balanced Payment Plans are ideal for customers who require Prestige vehicles whilst being financially astute & keeping monthly costs to a minimum.

MAIN FEATURES OF BALANCED PAYMENT PLANS

• Flexible term Length (24-60 months)
• Balloon Payments to reduce monthly costs
• Flexible Deposit – Keeps valuable cash available
• Lower monthly payments-APR’s available from 5.9%
• Facility to make lump sum reductions throughout the agreement

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