Telephone: 01282 454 230
Mobile: 07980 665 545

Finance Your Next Used Car at Reedley Car Company

We aim to make the purchase of your new vehicle as easy as possible. We can make that happen by offering a wide range of specialist used car financial products designed to meet all our customer's requirements.

Very few people have unlimited budgets, some even have had past problems relating to finance. We are able to offer a wide range of financial packages from major car credit agencies to suit your personal circumstances, so if you are looking to buy and finance your next used car than call us today.

Being licensed credit brokers we offer confidential loans with flexible repayment periods at competitive rates to suit your budget.

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.

 

For more information on finance, or to apply please use our Finance Application Form and we will be able to help find the finance package to suit your needs.

Finance subject to status. Written details are available on request.