Finance at Glasshoughton Car Sales

At Glasshoughton Car Sales, whatever the price of the car you’re buying we realize 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.

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 07960 693311 or via email using the Contact Us page.

We are authorised and regulated by the financial conduct authority (FCA). We are a credit broker not a lender, we can introduce you to a limited number of finance providers. We do not charge fees for our Consumer Credit services. We will receive a payment(s) or other benefits from finance providers should you decide to enter into an agreement with them, typically either a fixed fee or a fixed percentage of the amount you borrow. The payment we receive may vary between finance providers and product types. The payment received does not impact the finance rate offered. Our FCA Firm Reference Number is 935475.

Finance is subject to status. Terms and conditions apply. A guarantee may be required. Over 18s only. Please ensure you can afford the repayments for the duration of a loan before entering into a credit agreement.