As personal finance specialists you can be confident that we will be able to arrange a great deal for you. 

Our funder panel ensures that we will be able to find the right deal for you, whatever your circumstances, even if you have had trouble getting credit in the past or have CCJs.

The finance packages available are as follows:

• Hire purchase
• Personal Contract Purchase (PCP)

Hire Purchase

This is the most common type of arrangement used to fund vehicles.  Under this type of agreement an initial deposit is paid, followed by a series of monthly payments (made up of a portion of the money you initially borrowed plus the interest), over an agreed period.  You will not own the vehicle until the final payment has been made.

Personal Contract Purchase (PCP)

PCP allows you to purchase the car of your choice at a low monthly payment, this is achieved by off setting a proportion of the vehicles cost to the end of the agreement.   This deferred amount is referred to as the Guaranteed Minimum Future Value (GMFV).  The GMFV is calculated based on the condition the vehicle will be returned in and the agreed mileage.  At the end of the arrangement the customer has 3 options: 
      -      Pay the GMFV and keep the car
      -      Part exchange the vehicle with the dealer and have a new vehicle 
      -      Give the car back and walk away

The table below compares the three finance products, based on a Volkswagen Golf 1.6 FSI with a £1,000 deposit and an annual mileage of 10,000.  The quote highlights the APR, the total amount payable and the monthly payments throughout the term of the agreement.

The above quote is for illustration purposes only; your repayment will be based on your individual circumstances.

If you are thinking about changing your car or simply want some free advice relating to the finance plans available to you, contact us today.