Finance Options Explained

We are able to offer tailor made finance packages to suit your budget on all our used cars - you tell us your requirements and we will come up with the finance most suited to your needs whether it be Hire Purchase or Personal Contract Purchase (which allows you to pay no or very little deposit and gives you a guaranteed balloon payment at the end of the term).

As you can see from the various examples on each vehicle page, we can tailor the finance so that we achieve the monthly payment most affordable for you - whether you want to drive away from only £79 per month, £99 per month or even £299 per month - whether you want to pay No Deposit, a low deposit or trade your present car in as the full deposit - and the agreement can range from 12 months to 60 months - whatever suits you, we will work with you to achieve - and remember, we can give you cashback to spend as you wish


What is HP?

If you choose to buy a vehicle under Hire Purchase (HP) you enter a contract where you would pay for the vehicle in parts. This is calculated by the value of the vehicle along with the interest added and divided into pre-determined amounts. It is different to at to a traditional loan, this is because you do not own the vehicle until the the loan has been paid off. The debt is secured against the vehicle, this means you are not allowed to sell it until the debt has been cleared.

This means you are borrowing money for the vehicle and the loan is secured against it. When you have paid all the finance owed, the car is yours.

Is it suitable Is it suitable for you? HP car finance would be a suitable option for you when you know you'll be keeping the vehicle for a while. 

The benefits of Hire Purchase

  • Low deposit - keeps valuable personal or business cash available
  • Control - you decide the deposit, you decide the term
  • Fixed monthly payment - makes budgeting simple
  • Flexibility - doesn't compromise your other lines of credit
  • Assets - you gain ownership of the car
  • Tax benefits - Tax allowances for business users
  • VAT free - no VAT on payments watch the video to learn more.


What is PCP?

Personal Contract Purchase (PCP) is an increasingly popular choice for car finance. It offers the best in flexibility at the end of the agreement, together with low, fixed monthly payments.

PCP is perfect if you are opting out of your company car scheme. Your company car allowance can fund your monthly payments, but there is no company car tax to pay.

At the beginning of the agreement your car's guaranteed future value is calculated, based on an agreed mileage and age. This is deferred as a final 'balloon' payment.

With With PCP you don't have to commit to buying the car at the outset. You use it for an agreed period of time (24-48 months) and then decide at the end of this period what you would like to do. Choosing to pay for your vehicle this way often means you can drive a higher specification higher specification vehicle for a lower monthly payment.

You have four options:

Buy the car by paying an agreed minimum residual value Part-exchange the vehicle for another Sell the vehicle privately (settling the balloon) Or, subject to mileage and condition, return the car with nothing more to pay (e.g. if depreciation resulted in negative equity)

The benefits of Personal Contract Purchase

  • Low risk - A minimum future value is guaranteed
  • Low deposit - keeps valuable personal or business cash available
  • Low fixed monthly payments - perfect for budgeting
  • Choice - Buy the car, part-exchange it or just return it
  • A better car - lower payments can help you choose a higher specification car
  • Tax advantage - the cash alternative when you opt out of a company car


Why Dealer Finance?

Using dealership finance, offers you the opportunity to get into your next new car quickly and often cheaper than conventional funding solutions.

At Pinetree Car Superstore we have trained finance specialists who pride themselves in offering outstanding customer service and assisting customers in finding the right funding solution to suit their budget and individual circumstances.

We provide competitive finance packages that can be tailored to you, easy to understand and free from jargon. Getting your finance approved with us is a quick process and all paperwork can be completed quickly on site.

Please see our finance video's which explain each of the finance options available.

To find out more on any of these car financing options or any other ways to buy a car, please do not hesitate to contact us today.

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