Matt

What finance options do you have?

Our finance expert Matt says...

As we have such a strong panel of lenders we are able to offer you plenty of options that best suit you.

Hire Purchase Agreement (HP) is our most common product that we use. The terms start from 2 years to a maximum of 10 years and the monthly re-payments are fixed throughout the full term. This means that once you have completed your loan agreement (including any arrangements fees which the lender may charge) the vehicle is then yours. Suitable if at the end of the term you want to become the owner of the vehicle.

Personal loan is similar to a bank loan and will allow us the option to pay the money directly into your Bank Account. This gives you the freedom when it comes to you eventually wanting to sell the vehicle or part exchange it, due to the fact that it will have no finance registered against it. This option is also popular if you want to purchase something unique like an imported RV or a Volkswagen Transporter that has been converted into something that catches your eye.

Personal Contract Purchase (PCP) is a popular way of financing your Motorhome/Caravan because it gives you the flexibility at the end of the agreement to either hand your vehicle back, pay the remaining balance, or part exchange the vehicle. It will initially give you a lower monthly re-payment as there is a GMFV (Guaranteed Minimum Future Value) offset at the end of the agreement. This is usually suitable for someone who is not too fussed about owning the vehicle at the end of the term.

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Representative Example

Lending £15,000 over 7 years with a representative APR of 9.9%, an annual interest rate of 9.9% (Fixed), would cost £244.99 per month, with a total cost of credit of £5,578.77 and a total amount payable of £20,578.77.

Rates may differ as they are dependent on individual circumstances. Subject to status.