Finance on cars

What is car finance? Can I buy a car on Finance? Which type of car finance is right for You? Finance is an increasingly popular way to buy a car.

Rather than saving for months to buy a car outright, you can split the cost over monthly payments.

This car finance calculator shows you what your monthly repayments are likely to be based on your loan amount. Just select how much you want to borrow and how long you want the agreement to last. Then we’ll show your likely repayments based on a low, moderate and high APR. This should give you a good idea of the finance options available to you.

THE CALCULATOR IS FOR ILLUSTRATIVE PURPOSES ONLY. THE ACTUAL RATE YOU RECEIVE WILL DEPEND ON YOUR PERSONAL CIRCUMSTANCES, CHOICE OF PRODUCT AND THE AMOUNT YOU WISH TO BORROW.

Hire purchase (HP) to finance a new car Hire purchase is a way of buying a car on finance, where the loan is secured against the car. You’ll need to pay a deposit of around 10%, then make fixed monthly payments over an agreed time period.

This means you don’t own it until the last payment has been made. PCP finance involves the customer paying a deposit at the beginning of the agreement followed by monthly repayments over a 2 or 48-month period.

Personal Contract Purchase (PCP ) is a finance deal available to help customers to purchase a vehicle. You can purchase any kind of vehicle using finance through Zuto. Its panel of lenders can arrange finance for cars, motorcycles, vans, touring caravans and even taxis. However, if you have something else in min something more usual or specialist, it’s worth giving Zuto a call to see if it can help.

Most of our used cars are available with interest-free car finance over five years, giving you the ability to get a pre-owned vehicle on a deal to suit you. But sadly, this doesn’t stop people from doing it. Owning a car that has outstanding finance on it can be a big problem as you will have to prove that you have a legal right to own the vehicle.

You will find this difficult as the finance company technically still own the car. Getting a car on finance : things to look out for Make sure you can afford the monthly payment, not just now but for the whole term of the loan. Our free budget planner.

Ask the firm offering you finance what happens if you struggle to pay one month, and what options would you have if you. Getting your car on finance allows you to spread the cost of your car over a minimum term.

Should I buy a car on finance ? There are certain benefits to buying a car on finance, but the decision is totally dependent on your finances and your preferences.

Nissan is currently running finance schemes on all of its models, but there are only three cars available that let you skip interest payments. The X-Trail (above) will set you back just over £3per month, the Qashqai is a bit cheaper, while the Micra is more like £200. BUYING a car on finance is an appealing proposition.

If the car that you purchase has outstanding finance against it, then you could end up losing the vehicle. This is because, when a car is purchased using finance, the lender owns the vehicle until the debt has been settled. Interest rates on car finance deals can be off-putting when it comes to buying a new car, with the prospect of ballooning costs forcing plenty of potential customers to opt for an alternative path.

CAR FINANCE Here at Chapelhouse, we’re committed to finding the right car finance deal to suit your budget. Whether it’s for a brand new or quality used car, or even on one of our fleet of vans for business purposes, our sales and finance team will help you every step of the way. Car finance may seem complicated at first. Cars under £2per month for sale.

All finance offers and monthly payments shown are subject to application and status. Deposits are normally.

Free car checks will not identify whether a car has been stolen, written off or has existing finance which could result in the car being seized from you. The RAC Vehicle History Check is the most complete check on the market from a brand you can trust, however, we have also collated some free sources to provide you with basic vehicle information.