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Car Finance Made Simple

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The Bald Guy“We offer car finance on any new car bought from a UK main dealer as well as cars bought through broombroom.com”

HP (Hire Purchase) or LP (Lease Purchase) with/without a balloon payment:



Choose any deposit up to 40%. You pay the balance off monthly. At the end the car is yours. Or if you wish you can have a deferred balloon payment at the end to reduce your monthly cost.

BENEFITS:
  • Facility available for new and used cars whether sourced through us or someone else
  • Min deposit £500. Fixed interest rate for whole term
  • You can settle early if you need to (there is a small penalty for this)
  • You can choose the size of your balloon payment at the end (subject to approval) to help reach your monthly budget
  • Lower APR rate than most main dealers

Special Offers    Finance Calculator   Request a Quote   
 

PCP (Personal Contract Plan):



Choose any deposit up to 40%. Choose a term of 2-4 years. The finance company then predicts how much your car will be worth at the end of this term (dependent on mileage) and gives you a guaranteed residual value (GFV/Balloon payment). This means your monthly payments are lower as all you are paying for monthly is the amount the car will depreciate plus interest on the loan. At the end of the term you have a number of options none of which incur any penalties.
1. Pay off or refinance the outstanding balloon payment and the car is yours to keep or sell
2. Hand the car back and walk away with nothing to owe
3. Part exchange for another car and use any positive equity as deposit for the next one

BENEFITS:
  • Facility available on all brand new cars sourced either through us or any Uk main dealer of your choosing
  • Fixed interest rate for whole term
  • Depreciation (which is the biggest cost of car ownership) is limited and guaranteed by the finance company. So if your car is worth less than the GFV you can walk away and owe nothing. If your car is worth more you benefit from the positive equity
  • Lower APR rate than most main dealers
Special Offers    Finance Calculator   Request a Quote   
 

Contract Hire or Leasing:



Now popular with private individuals as well as businesses of all sizes. You pay a small deposit usually equivalent to just 3 monthly payments. You hire (or lease) the car monthly for 2-4yrs based on the mileage you will do. You are essentially paying for the predicted depreciation of the car plus interest. All payments are subject to VAT. For businesses 50% is recoverable, and up to 100% of the monthly rental can be offset against profits.

BENEFITS:
  • Facility available on all brand new cars sourced either through us
  • Low Deposit
  • You benefit from manufacturer subsidised special offers available exclusively to us as a fleet company.
  • No depreciation to worry about
  • Fixed Monthly outgoing allows you to see your real cost over the term
  • Maintenance can be included in monthly payments at extra cost


Special Offers    Leasing FAQs   Request a Quote   


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