We provide an excellent range of finance plans which are totally flexible to help match your needs subject to credit status.
Once you have found an option that best suits your needs, you can complete an online application form featured next to our cars which will pass your information directly to our finance team. One of our representatives will call you prior to your application being officially proposed to ensure you understand the process and to also answer any further questions you may have.
We normally obtain a decision within 20 minutes of the application being proposed and all the relevant paperwork will be in place and ready to sign immediately. Please find below further information and video presentations explaining each finance product in greater detail.
A Personal Contract Purchase (PCP) plan will enable you to purchase your next car with lower monthly repayments. This plan works by deferring an amount of the total cost of the vehicle to the end of the contract. This amount is known as the Guaranteed Future Value (GFV) or balloon.
The GFV plus your deposit is subtracted from the cash price of the vehicle and your monthly payments are based on the balance plus any interest on the balance and the GFV.
By only repaying the difference between the cash price and the optional balloon payment you are only financing the depreciation of the car.
Hire Purchase (HP) is similar to borrowing money from a bank and paying it back over a fixed period of time, with interest. Hire Purchase is a type of secured loan which is often preferred over alternative (unsecured) loans because it allows a greater borrowing limit. The term "secured loan" means a loan that the lender can secure against an asset (in this case, the vehicle). HP gives you additional rights over those of a personal loan and is only available through dealers that have passed the stringent approval process of the finance companies.
Lease purchase (LP) will enable you to purchase your next car with lower monthly repayments. This is achieved by deferring an amount of the total cost of the vehicle to the end of the agreement. This amount is known as the Residual Value (RV) or balloon.
The RV is calculated by the finance company using future industry data which should ensure that the RV is greater than what the vehicle is worth allowing you to settle the final payment either though additional finance, cash or settlement by part-exchange.
On a lease purchase the RV is not guaranteed by the finance company to be greater than the value of the car.
Why Apply Online?
Glossary of Terms