FINANCE OPTIONS EXPLAINED :

All vehicles are available for outright cash purchase at the quoted "CASH PRICE". Finance can be arranged (subject to status) on all "USED CAR STOCK" through our preferred finance company.

All "NEW CAR STOCK" and "NEARLY NEW CAR STOCK" is available for purchase with various payment options:

• Outright Cash Purchase
• Finance (subject to status) through our preferred finance company
• Personal Contract Plan (PCP)
• Business Lease Contract Hire

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CONTRACT HIRE offers most of the benefits of ownership without the hassle.

Suitable for VAT registered business users, Sole Traders, Partnerships and Limited Companies. In essence, it is like hiring a car but over a longer period and is a very popular choice for VAT registered businesses as this is a VAT beneficial finance package, one regular payment covers all cost for an agreed period and mileage. You pay a fixed amount every month for an agreed term which should usually cover the cost of the vehicle to an agreed mileage threshold and Vehicle Excise Duty (Road Fund License). If you wish, you can incorporate maintenance & servicing in this rental. You would normally pay a deposit equal to one or three months rentals. VAT is due on rentals and deposit, but may be partially or fully reclaimable depending on your circumstances. The finance company is responsible for the disposal of the vehicle at the end of the contract and you do not have the right to purchase the vehicle, however you can extend the hire if you wish. There is an excess mileage charge which is agreed at the start of the contract, charged at a pence per excess mile rate for every mile over the agreed contract mileage. PERSONAL CONTRACT PLANS are suitable for Private Individuals, Sole Traders and Partnerships. A fixed amount is paid every month for an agreed term and mileage.  This type of contract is essentially a purchase agreement where the  monthly payment is kept low by a Minimum Guaranteed Future Value  (MGFV) set by the finance company. At the end of the contract you will have three options: Hand the vehicle back to the finance company (an excess mileage charge may be incurred if you have exceeded the stated mileage) and additional costs maybe charged if the condition of the vehicle does not reflect normal wear and tear. Purchase the vehicle at the MGFV regardless of market value.  At this point you would own the vehicle outright. Part-exchange the vehicle. If the vehicle's value exceeds the  MGFV set at the beginning of the agreement you can usually  use this amount towards a deposit on your next contract. You can also incorporate maintenance & servicing in this rental. The deposit required could be as little as £99.00 up to a maximum of 30%  of the vehicles total invoice value. A higher deposit could reduce the monthly  rental cost significantly.

PCP EXAMPLE : Balance Payable by:- 1 Payment of: £ 423.04 35 Monthly Payments of: £ 274.04 MGFV: £ 4815.73 Cash Price (including VAT) £ 13995.00 Deposit Required: £ 1399.50 Balance to Finance: £ 12595.50 Interest Charges: £ 2085.67 Option to Purchase Fee: £ 89.00 Acceptance Fee: £ 149.00 Balance Payable: £ 14681.17 Total Amount Payable: £ 16318.67 End of Your Contract Choices 1. Hand the car back, owe no more 2. Buy the car at (MGFV) 3. Have a brand new car on another PCP With a PCP scheme the future resale value of the vehicle is taken in to account when calculating the monthly payments. The re-sale value is called the Minimum Guaranteed Future Value (MGFV) With a PCP the MGFV and your deposit are both taken off the price of the car from onset which means you only pay off the depreciation, plus interest, rather than the full amount.