Finance
Financing Options
Car Finance
We keep our prices competitive to make our elegant range of cars as affordable as possible. Taking out a finance agreement is a popular way to make your purchase more affordable.
No matter what your current or previous financial situation may be; we will be happy to help you towards purchasing a vehicle on Finance. As we deal with these finance companies every day we know exactly where to place an application for a successful result. We work firmly towards your personal budget and often will help you save money.
You pay an initial deposit and spread the remaining cost of the vehicle over a series of fixed monthly payments. By the end of the agreement, you will have paid the total cost of the car plus a rate of interest on the loan.
We are fully equipped to assist you in financing your new car and can explain the various types of finance agreement and help you choose the best option for your circumstances.
When you select from our high-quality used car range, you can adjust the length of time you want to spread the cost over. You can also specify the proportion of the total cost you can afford to pay as a deposit and the annual mileage you expect to cover in your prestige car. This flexibility gives you complete control over financing your car. You can also adjust the preferred terms and deposit of your agreement on our search function, to give you an idea of what you might be able to afford.
If you are interested in financing your purchase from Victoria Garage (Whitchurch) Ltd, you can ask any of our sales advisers for assistance. They will be happy to explain the various options available and make recommendations based on your individual requirements. You can arrange an appointment by enquiring online via the contact form on our website, or by phoning our dealership in Whitchurch, Shropshire. We are trading as a credit broker and not a lender, and are authorised and regulated by the Financial Conduct Authority, firm reference 665084.
We can introduce you to a limited number of lenders, while providing details of finance products available. We will not charge you a fee for an introduction, but may receive a commission from the lender. Lender’s commissions may vary. The commission received does not influence the interest rate you will pay (either a fixed fee or a fixed percentage of the amount you borrow). For questions about commission, please speak to us. VICTORIA GARAGE (WHITCHURCH) LTD, T/A CAB MOTORS, NEWPORT ROAD, Whitchurch, Shropshire, SY13 1QD. Representative finance examples are for illustrative purposes only.
Finance is subject to status and credit acceptance. Terms and conditions apply. Available to 18s and over & UK residents only. Guarantees and/or indemnities may be required. Excess mileage and damage charges may apply when vehicle returned.
What is Personal Contract Purchase (PCP)?
Personal Contract Purchase (PCP) is a finance product that allows you the opportunity to buy a new or a used car.
It is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments over a term typically between 18 to 48 months.
What makes PCP different to Hire Purchase (HP) is that your monthly instalments are paying off the depreciation of the car, and not its entire value, over the course of the term. Then, when you get to the end of your agreement, there is a final, balloon payment that must be made if you want to keep the car. The balloon payment is often referred to also as the Guaranteed Future Value (GFV).
What is Hire Purchase (HP)?
Hire Purchase is a way to finance buying a new or used car. You will normally pay an initial deposit and will pay off the entire value of the car in monthly instalments. When all the payments are made, the Hire Purchase agreement ends, and you own the car outright.