Purchasing any used car doesn’t come cheap, so being able to rely on affordable vehicle financing is essential. At Motors Coalville in Leicestershire, we work hard to ensure that all vehicles are fairly priced and offer the quality you’ve come to expect from the Ford name, providing reliable motoring and lasting performance. We’re also delighted to be able to offer competitive financing packages that enable you to spread the cost of purchasing, with both Hire Purchase and Personal Contract Purchase schemes available. Learn more today.
Arguably the most straightforward of purchasing schemes, Hire Purchase enables you to pay an initial deposit followed by fixed monthly repayments over an agreed period of time. These payments pay off the outstanding balance on the vehicle meaning that, at the end of the term, you will be the outright owner of the model.
Like Hire Purchase, a Personal Contract Purchase enables you to pay an initial deposit followed by fixed monthly repayments. However, these payments cover the difference between the sale price and the Guaranteed Future Value of the car at the end of the term. As such, the monthly costs can be lower compared to other schemes. At the end of the term, you also have the flexibility to either return the model, take out a new financing scheme, or pay the Optional Final Payment in order to become the full owner of the car.
Want to learn more about financing? Get in touch with the team at Motors Coalville today.
“We are a credit broker and not a lender. We can introduce you to a limited number
of lenders and their finance products. We are not an independent financial advisor.
We may advise you on the products, subject to your personal circumstances, though
you are not obliged to take our advice or recommendation.
We do not charge you a fee for our services. Whichever lender we introduce you to,
we will typically receive commission from them (either a fixed fee or a fixed
percentage of the amount you borrow).
For your reassurance, all of the lenders we work with could pay commission at
different rates, but the commission we receive does not influence the interest rate
you will pay. Our aim is to secure finance for you at the lowest interest rate you are
eligible for from our panel of lenders.”