Finance at Glasshoughton Car Sales
At Glasshoughton Car Sales, whatever the price of the car you’re buying we realise that getting the right finance package that suits your budget is as important as the car you’re buying.
That’s why we work hard to ensure that we have the most competitive and easy to understand finance options available and that suits your individual credit profile.
Our Finance Calculator defaults to a set deposit amount, however this isn’t mandatory, and we can cater for less / zero deposit, or increased deposits.
We can also cater for customers with poor credit profiles, customers with Provisional Licences, EU and None EU Licences, guarantor applications, Business Applications, and much more.
For more information please give us a call / email and we will endeavour to assist you.
Our approach to financing vehicle sales is to use a strong relationship we have with Motion Finance 2017 Ltd and will introduce you to them to source finance products from a panel of lenders and intermediaries to assist with your vehicle purchase. The broker we introduce you to will pay us a commission for introducing you to them. Any commission payments will not affect the amounts you pay under your finance agreement, all of which are set by the broker concerned. The amount of any commission paid will relate to the amount you borrow, the term of your loan and the interest rate charged. Finance is subject to status. Terms and Conditions apply. A guarantee may be required. Over 18’s only. Please ensure you can afford the repayments for the duration of a loan before entering into a credit agreement.
Why Finance Through a Dealership
Hire Purchase or Personal Contract Purchase
We offer you the choice of a Hire Purchase or Personal Contract Purchase finance agreement. Both agreements can be created for car finance deals with no deposit. Which is best for you depends on your individual circumstances. We’ll explain the main differences below to shed clarity on the matter:
Hire Purchase (HP)
Hire Purchase agreements are a type of credit where once you have paid the total loan amount, you own the vehicle. During the loan term, the financer owns the vehicle. Once you repay them in full, ownership passes to you. Typically, Hire Purchase agreements have higher monthly payments because you are repaying the total car amount. With a Personal Contract Purchase, you repay only part of that amount.
Personal Contract Purchase (PCP)
Personal Contract Purchase agreements are a type of credit where you pay off instalments to cover part of the cost of a car. Once you have paid off the amount as set out in the agreement, you hand the car back to the owner, who is the financer. Alternatively, if you want to keep the car, you can refinance the remaining cost of it. This is called the balloon payment. It is based on the guaranteed future value (GFV) of the car.
Contact us for more information either by calling 01977 525252 or via email using the Contact Us page.