When it comes to car financing, there are a number of options available to you that we explain below.
Before deciding on a financing option, it's important to consider your budget and how much you can afford to pay each month. Make sure to factor in the cost of the car, as well as any associated fees such as taxes, registration, and insurance. You'll also want to consider the length of the loan and the interest rate, as these will affect the overall cost of the car.
Our experienced and friendly team is here to help you navigate the financing process and find the best option for your needs. We can provide information on available promotions and help you calculate monthly payments based on different loan terms and interest rates. We'll work with you to find a financing option that fits your budget and gets you behind the wheel of your dream car.
We strive to make the car-buying process as smooth and stress-free as possible which is why we offer a variety of car finance options to fit your needs. Contact us today to schedule a test drive and learn more about our financing options.
We offer you the choice of a Hire Purchase, Personal Contract Purchase or finance agreement. These agreements can be created for car finance deals with no deposit. Which is best for you depends on your individual circumstances. We’ll explain the main differences below to shed clarity on the matter:
Hire Purchase agreements are a type of credit where once you have paid the total loan amount, you own the vehicle. During the loan term, the financer owns the vehicle. Once you repay them in full, ownership passes to you. Typically, Hire Purchase agreements have higher monthly payments because you are repaying the total car amount. With a Personal Contract Purchase, you repay only part of that amount.
Personal Contract Purchase agreements are a type of credit where you pay off instalments to cover part of the cost of a car. Once you have paid off the amount as set out in the agreement, you hand the car back to the owner, who is the financer. Alternatively, if you want to keep the car, you can refinance the remaining cost of it. This is called the balloon payment. It is based on the guaranteed future value (GFV) of the car.
One of the most straightforward ways to pay for your car is with a personal loan from our finance team here at Just Motor Group or from your bank or building society. Once the money has transferred to your account you can choose any car that suits your budget. The car will be owned by you from the moment you pay for the car. You’ll have no further amounts to pay other than the loan repayments to your lender.
Here are some of the advantages of choosing to buy your car on finance:
