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Finance

Looking for used car finance?

 

Good Credit History?

 

Apply today on 02380 697200 and we promise to get you the best finance deals available by working hard to obtain the most competitive rates relative to your personal circumstances. 

 

Different options for VEHICLE FINANCE

 

Hire Purchase

This is the most common type of car finance and very simply means that you make monthly repayments and usually a small admin or purchase fee at the end. Your car loan is secured against the car, which is owned by the lender. Whilst you are paying, you effectively hire the car from the lender and once all payments have been made, the vehicle becomes yours.

Great for people: Who don’t want to or can’t pay cash Who’s budget and circumstances suit fixed monthly repayments Who want to own the car at the end Who’s disposable income might change.

Personal Contract Purchase (PCP)

Personal Contract Purchase is similar to Hire Purchase, except that you have the option to buy the vehicle at the end of the loan, or hand it back. If you decide to buy, you pay a balloon payment for the balance on the value of the vehicle. The value is fixed at the start of the agreement – the Guaranteed Future Value – so that you know and can budget for the balloon payment before you commit. Great for people: Who want lower monthly repayments Who want flexibility and options at the end of the agreement Who like to change their car regularly Who are confident that they can predict their mileage.

Conditional Sale

Conditional sale is similar to Hire Purchase except that you don’t have to pay a fee at the end of the agreement. Just monthly repayments until the loan is complete. You have possession and use of the vehicle during this period, but it continues to belong to the lender until you have made the final repayment, upon which the vehicle belongs to you. Great for people: Who would rather pay a bit more, spread the fixed repayments and avoid a large payment at the end Who want a choice of length of payment terms

Representative Example   APR   9.9%   Loan Amount   £7,500.00   Length of Loan   7 years Weekly Payment £27,81 Total Cost of Credit £2,625 Total Amount Payable £10,125 * Your rate may differ from the representative APR. Loans are subject to status

All finance is subject to status. 

 

 

 Credit Problems? 

 

We can also help you to obtain a car loan if you've had credit issues, or have been refused in the past.

Call us on 02380 697200 or visit www.1stcarcredit.co.uk

 

 

If your criteria is: 

 

  • Full UK or EU Licence
  • 18-60 month terms
  • Aged 18 and over
  • No deposit required
  • Minimum 2 years residency
  • Any employment status, including:

Self-employed, Military and benefits

 

Finance from £2000 up to £15,000 Subject to credit files and affordability

 

ALL APPLICATIONS ARE TREATED ON A INDIVIDUAL BASIS AND ARE PRIVATE AND CONFIDENTIAL.