Our guides to the different finance options are below, along with information on how to build your credit profile.
If you want a simple to understand credit report, click here
As always, if you would rather pick up the phone, we are always here to help on 01842 765132
Hire purchase is a simple loan, secured on the car, allowing you to repay month by month.
- Straight Forward Loan
- Low Rates
- 2 - 5 Years
- No large payment at the end
PERSONAL CONTRACT PURCHASE
Personal Contract Purchase plans allow you to drive a newer, more expensive car whilst keeping low monthly payments
- Flexible Options
- Low Rates
- 2 - 4 Years
- Lower Monthly Payments
- Option to return the car at the end and start again
Hire purchase, HP or Finance
IF you are going to fund your next vehicle by borrowing, then this is a great way to spread the cost.
The length of repayment and amount of deposit can be decided by you. Once a contract is in place, the interest rate is locked in for the duration of the agreement.
If you come into some extra money and want to put it towards paying for the vehicle, you can do this within your on line account or over the phone. The money can be used to reduce the number of payments you have remaining, or reduce the monthly payment. The choice is yours.
Decisions on deals are often made within minutes. Paperwork can be signed on line and the vehicle can be taken on the same day.
The loan is secured on the vehicle so your home is safe, This will also keep the option of a bank loan available should you want to borrow for anything in the future, where as if you use a bank to fund a car, you may not be able to get another loan when you need it.
You have lots of consumer rights with an HP agreement so should something go wrong, or your situation changes, the law is on your side.
Personal Contract Purchase
PCP is an increasingly popular way to buy a more expensive vehicle whilst keeping your monthly payments low. A future value is guaranteed to you at point of purchase.
If you're thinking of buying a cheaper vehicle with no monthly payment agreement, you might want to consider using the money as a deposit and have a much newer vehicle that should be reliable, practical and cost less to maintain.
Your monthly payment, deposit and annual mileage can be adjusted to suit your requirements. Whilst you can settle your agreement at anytime, there are three clear options at the end of the agreement. You can make your final payment and keep the car.
If your car is not worth the final value, you can give it back to the finance company with nothing else to pay. Terms and conditions do apply to the condition and mileage.
The most popular option is to part exchange you old car for a new one. Any excess over and above the final settlement can be used as a deposit for your new car.
Are you looking to buy a used car on finance?
Top Notch Cars Ltd based in Thetford near Norwich, is authorised and regulated by the Financial Conduct Authority for consumer credit activity. Our registration number is 662958. For more information about the Financial Conduct Authority please visit their website at www.fca.org.uk
We offer a free car finance credit check
We understand that finding the right finance deal can be just as important as finding the right car. Top Notch Cars cater for ALL types of credit profiles and offer a free, face to face impartial credit check. If you’re stretched for time then we can do a credit check via the phone and email.
Why we do a credit check
It can save a lot of time. Driving from car dealer to car dealer, filling in forms and leaving disappointed is the last thing anyone wants to do. Car buying should be an enjoyable experience.
We can get the best deal for you.
Our team have vast experience in placing your application with the right lender. We provide our service free of charge and have great relationships with top finance providers.
All credit profiles considered.
If you have borrowed before, never borrowed a penny or have debts we will do our up most to get you the best possible deal. We check special offers from lenders on a weekly basis. Company CEO or bankrupt builder, we will endeavour to search out the best deal for you, FREE OF CHARGE.