Understanding Vehicle Finance

When it comes to purchasing a quality used vehicle from us at Croyland Car Megastore we want to make it as simple and affordable for your budget as possible. It’s why we offer an array of convenient and beneficial finance solutions for you. As an independent vehicle dealership, our network includes a wide variety of trusted lenders offering a range of deals to suit your requirements.

We’re able to offer you a tailored and cost-effective car finance plan that’s the perfect match for you.

So what should I consider when looking into finance?

When looking at using finance, you need to think about how much you wish your payments to be, your budget and the length of time you wish to be paying for.

Having a set budget for your advance deposit is a key factor as well a deciding how many months worth of payments you will be making and what borrowing rate you will be at.

Setting a budget for your advance deposit is an important factor, alongside of deciding how many monthly payments you are prepared to make and at what borrowing rate.

Personal Contract Purchase (PCP)

Personal Contact purchases allows you to pay for an initial deposit followed by monthly instalments of a period of 18 to 48 months.

At the end of the agreement, you’ll have 3 options:

Return – Simply return the car back to us

Retain – Keep the car by paying the optional final payment

Renew – Trade it in for another car

Hire Purchase (HP)

Hire purchase involves you paying an initial deposit and continue to pay off the entire value of the car in monthly instalments. Once all payments for the vehicle has been made the HP agreement ends and you own the car outright.

At the end of the agreement, you’ll have 3 options:

  • You’ll be able to drive away with the vehicle
  • You won’t need to calculate any milage at the start of your agreement so can avoid excess milage charges
  • You can settle your agreement early

With these options available for you to a variety of our vehicles from cars to vans to our SWIFT motorhomes, you can purchase the vehicle you want at an affordable rate!

To find out more information about these finance options, visit our Finance page: https://www.croylandcarmegastore.co.uk/finance/