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Finance

 

Here at FIRST4vauxhall, we will introduce you to a professional credit broker who will advise you on low cost car finance deals to match the major high street lenders, so you can be assured of a truly great deal on your next car purchase.


Personal loan

DID YOU KNOW?
Personal loans are usually the cheapest way to finance a car deal, but only if you have a good credit rating.

You can get a personal loan from a bank, building society or finance provider so long as your credit rating is good. Make sure the loan is not secured against your home. Otherwise you will be putting your home at risk if you failed to keep up with repayments. Shop around for the best interest rate by comparing the APR (or annual percentage rate, which includes charges you have to pay as well as the interest).


Hire Purchase

Hire purchase is a form of buying a car on finance and is paid in instalments where payments are spread over 12-60 months and you usually (but not always) have to put down a 10% deposit. They are arranged by the car dealer and are often very competitive for new cars (less so for used cars). The loan is secured against the car, so you don’t own it until the last payment is made.


Personal contract plan

This type of car finance deal is a variation on hire purchase and tends to result in lower monthly payments. Instead of paying for the car outright, you agree to pay the difference between its sale price and its price for resale back to the dealer, based on a forecast of annual mileage over the term of the agreement. Payments are spread over a shorter term of 12 to 36 months.

At the end of the term you can:

First4Vauxhall
Old Silsoe Road
Clophill, Bedfordshire
MK45 4AR