LOOKING FOR A GOOD FINANCE DEAL?
Getting a cheap car is one thing, getting a good finance deal is another, but here at buyacar.co.uk you can get both and save yourself even more money.
Although we offers loan & finance service at buyacar, we are happy to accept finance you have found yourself, so this information below is aimed at helping you, whatever choice you make.
HIRE PURCHASE FINANCE - HP is a traditional and straightforward way to finance a new car HP is simply a loan secured against the car There's no ...
PERSONAL CONTRACT PURCHASE - Personal Contract Purchase(PCP) is our most popular choice for motor finance due to its flexibility, low initial deposit commitment, low monthly ...
LEASE PURCHASE FINANCE - Lease Purchase is ideal for the more expensive car and for customers wanting even lower monthly payments The benefits of lease purchase ...
CONTRACT HIRE FINANCE - At Buyacar we offer a hand picked selection of some of the best and most competitive Contract Hire, Personal Contract Hire ...
Motor car finance is available in three flavours:
Each type of finance has its pro's and con's in different situations. You need to know which is the right one for you. So we've put together a brief summary of when to use one type of finance versus another.
Not at all. Our prices are shown as guides to how much finance could cost. Our finance partner is just an option - you can supply your own finance, or some manufacturers have their own providers that can offer even more competitive rates. However, there will be a fee of £99 applicable if using your own lender.
For more detailed information, click on the links in the sections below.
A very popular choice for motor finance
A traditional and straightforward way to finance
Ideal for the more expensive car
Hopefully this information and the detailed information on the different finance types have helped you determine which finance is right for you.
If not, please feel free to ask for additional information when you call us or make an enquiry.
As you use the buyacar website, you'll find example monthly PCP figures shown alongside the cost of the vehicles. For more information on the finance options on particular vehicles, select the vehicle you are interested in and follow the finance links from the resulting pages. There you'll be able to choose different types of finance and vary your options until you determine the finance that's right for you.
The buyacar finance service searches across multiple finance providers - so the finance terms & conditions are different for each finance supplier - however these will be provided when you have applied for finance online so they can be read before you decide to go ahead.
Yes. Finance payments include VAT in each payment - the payments are Gross figures.
Your first monthly payment will be due 1 month after your car has been delivered
It is possible to pay off a loan early, though there's a specific mathematical formula (called Rule 78) for working out how much a customer will pay for settlement at any point during the agreement.
Basically it takes into account that you will pay more interest over the first part of the loan when the capital amount is higher and less towards the end.
It's a little complicated, but here's a link to read more - Click here to read the Wikipedia version of Rule 78
Once your vehicle has arrived into dealer stock and ready for delivery, the finance provider will require good copies of the following 3 additional documents that must match the name and address on your finance agreement: