- The UK's 1st Trading Standards Approved Car Finance Broker
- The UK's 1st Trading Standards Approved Car Leasing Broker
- The UK's 1st Trading Standards Approved New Car Broker
Click on these questions first to check suitability
Commonly referred to as Hire Purchase (HP), Lease Purchase (LP) and Personal Contract Purchase (PCP).
Benefits:
Low deposit - doesn't tie up personal or business assets
Control - you decide the deposit, you decide the term, you decide if you want a balloon payment
Fixed monthly payment – makes budgeting simple
Fixed interest rate - no need to worry about market fluctuations
Assets - after the final payment you own the car
VAT - already included in payments so what you see is what you pay, and is fixed for the contract regardless of future vat increases
Individuals and Companies are both eligible to apply if they fulfil the minimum requirements.
Minimum requirements for Personal Applications:No. And there is no obligation to proceed if you're accepted
Click on these questions first to check suitability
Available for loans over £25500. One of the most flexible type of car loan in the market. The best way to describe it is like a Tracker Rate Mortgage for cars. You pay off a fixed amount of capital each month so you can see the loan reducing every month by this amount. Interest is calculated daily based on market rates.
Benefits:
Flexible – if you receive a bonus or salary increase in future, after the first year you can make occasional lump sum payments of up to 5% of the balance owed. This will immediately reduce the loan and your interest payments. If you want to pay off more than 5% in any given month or settle the whole loan before the end of the contract, this is also possible. Compared to most other types of loan the early repayment penalty for doing this is lower (If you are settling in the 1st year you'll only be charged: 4% x amount you pay off, or in the 2nd year: 3%, or in the 3rd year: 2%, or in the 4th year: 1%). This usually works out much cheaper than Fixed Rate loans where almost all interest on the whole loan is loaded into the first year of your contract.
Savings when interest rates are low - Market rates are currently low. However most fixed rate loans haven't dropped by as much. As variable rates track the market they are currently lower than most fixed rate deals
Interest is calculated daily only on the outstanding balance owed each month, not on the original amount borrowed at the start thus reducing overall interest
Low initial deposit - doesn't tie up your personal or business assets
Control - you decide the deposit, you decide the term, you decide if you want a balloon payment
Transparency - as with repayment mortgages, monthly capital repayments are fixed from the outset, so you can clearly see your loan reducing by this amount every month throughout the term. In comparison fixed rate loans front load interest at the beginning of the term so you don't pay off much capital in the early part of the loan. hence customers are often shocked how much they still owe on fixed rate deals when they try to settle early. This is completely avoided with variable rate deals
Assets - after the final payment you own the car
VAT - already included in payments so what you see is what you pay, and is fixed for the contract regardless of future vat increases
Individuals and Companies are both eligible to apply if they fulfil the minimum requirements.
No. And there is no obligation to proceed if you're accepted
Broombroom finance welcomes you! We offer a FREE no obligation finance quotation tailored for you. Use the finance calculators above to find the ideal monthly payment and then complete the online form or call us for low rate finance packages for new or used Sports cars, Prestige cars and Supercars - bought from any main dealer or approved broombroom dealer and up to 3 years old. From Audi finance to Range Rover finance, funding with us and our low rate packages could save you thousands £££’s in interest when compared with dealer and competitor offers.
Broombroom are committed to providing the very best funding solutions for new or used Prestige, Sports and Supercars. Whichever finance you are looking for: BMW finance, Bentley finance, Mercedes-Benz finance or any other prestige car finance, contact us today. We have many years of expertise in prestige car finance and are experienced in sourcing low rate deals for Aston Martin finance to Zonda finance. As a broombroom customer you'll receive our usual VIP treatment from start to finish. This exceptional level of personal customer service, with our knowledge and contacts makes us the first choice for Sports, Prestige and Supercars in the UK today.
Call or apply online - we are waiting to offer professional advice on fixed or variable rate finance options for your new car. We can help you with low rate Ferrari finance, Maserati finance, Lamborghini finance or any other prestige car finance.
We also offer a Sports, Prestige and Supercar sourcing service. We can use our UK dealer network to help negotiate a preferential deal on any new or used car. We send your requirements to dealers around the UK who compete with their best offers to supply your vehicle directly. We don’t charge you anything for this service and have considerable buying power through our network of over 1000 main and specialist dealers nationwide. BEFORE you buy any new or used Prestige, Sports or Supercar, contact us, you could save thousands £s. Before you visit any Prestige, Sports or Supercar dealer, contact us, to ensure you have the best advice. We offer market leading rates for Bugatti finance, BMW finance, Mercedes finance and other makes of prestige car finance that could save you thousands £££s in interest charges.
Trust us with your new Prestige, Sports or Supercar finance. You can trust us to deal with your enquiry in a professional and discrete way. Contact us for the latest market leading rates for Bentley finance, Bugatti finance, Lamborghini finance and Range Rover finance.
Tailored options to suit your requirements. We have years of experience in Prestige Car finance and offer professional advice on Land Rover finance, Jaguar finance, Audi finance and the various options available to fund your next vehicle. We have a choice of fixed and variable rate finance packages at very competitive rates that could save you thousands £££'s in interest charges. So whether it is Aston Martin finance, Ferrari finance, Maserati finance, Porsche finance or even Rolls Royce finance, call or apply online today for a FREE quotation.
Our prestige car finance products are backed by some of the best known lenders in the banking sector. We can offer the latest market leading rates for BMW finance, Mercedes finance and Range Rover finance. Car finance can seem very overwhelming with the choice of producst available, you'll see PCP, HP, lease, PCH, Balance Payments, Car loans, balloon, and hire purchase all being talked about. It's easier with broombroom - we display the best lease or contract hire offers (often just for business customers) under new car offers and every other type of car and finance can be worked out using our finance calculators above.
How to save money on car finance: If you are a company director or earn over £100k pa visit broombroom.com calculators, choose your ideal deposit and see how low the monthly payments can be with low interest rates. Variable Rate finance is only offered by a few very select dealers and is an excellent funding method to save you interest. We are waiting for your call to give professional, knowledgeable advice at every stage.
Call 0207 193 1737 today or apply online for a FREE, NO OBLIGATION instant prestige car finance quotation. Please note: Our finance products are subject to status and finance company acceptance. They are available to UK residents only.