As a Financial Conduct Authority (FCA) registered dealership, FCA No: 814496, we have developed relationships with a wide range of lenders nationwide for your convenience, which is why we have helped hundreds of customers secure the best finance deal for their budget. Our expertise in finance means that even if you have a poor credit rating we can help arrange finance for you. Finance is often a major part of our customers’ car-buying journeys, so we have taken the necessary steps to offer some great packages as well as peace of mind.
Car Finance Explained
There are three main types of finance deals that you might want to consider:
Hire Purchase
Sometimes called HP, this is a loan secured against the vehicle itself. This is a great choice for people who want to spread out the cost of their car. Typical HP deals involve a deposit and the rest of the balance is paid in instalments, plus interest. Once you’ve paid your final instalment, you own the car outright.
Personal Contract Purchase (PCP)
This is a good option for those who like to change their car every few years but don’t want to fork out a big sum each time. You will typically be asked to pay a deposit followed by monthly payments. At the end of the agreed period, for example, three years, you will have the option of paying the rest of the balance, returning the vehicle or using any residual value on a deal with your next car.
Personal Leasing (Contract Hire)
Contract Hire deals are very much like the PCP deals described above, however, you won’t have the option to buy the car outright at the end of the deal.
So, whatever your credit history, we are in a position to create the perfect finance solution for you. Get in touch with a member of our friendly team to determine your options.
WHY MOTOR FINANCE? Before you hand over your cash, make sure you’re not missing out! Have you considered using motor finance to get into your next vehicle? Unlike a personal loan, which may be secured against your house or other assets, with motor finance, the loan is only secured against your vehicle.
WHY CLOSE BROTHERS MOTOR FINANCE? We have received industry recognition for the way we help our customers and our dealer partners. Our decisions are made by real people, not computers, meaning we will consider individual needs and circumstances. Decisions can often be made while you are sat in the dealership – meaning no bank appointments or waiting weeks for a decision. You could walk in and out of the dealership with your new vehicle, all in one day!
MANAGING YOUR AGREEMENT. Our Close Online system means you can manage your agreement at any time – including changing personal details, and checking how much finance you have outstanding. We also have a dedicated UK-based contact centre for any help and support.
EXTRA PEACE OF MIND ON THE VEHICLE. Our Close Online system means you can manage your agreement at any time – including changing personal details, and checking how much finance you have outstanding. We also have a dedicated UK-based contact centre for any help and support.
OUR PRODUCTS. We provide finance for both new and used cars, light commercial vehicles (LCVs), motorcycles and leisure vehicles like caravans and motorhomes. What’s more, we have a range of finance options available to you depending on your budget and what you want out of your vehicle.
DIFFERENT PRODUCTS FOR DIFFERENT BUDGETS. With more than one product (including Hire Purchase and Personal Contract Purchase), we could find monthly repayments to meet your budget. Motor finance products offer adjustable deposits, loan terms and final payments – all of which have an impact on what you pay back each month. If you’re ready for a change, our products allow you to settle your agreement at any time. You can also overpay without any extra charges throughout your agreement.
Why Finance Through a Dealership?
What is Hire Purchase?
What is Personal Contract Purchase?
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