Personal Car Finance
Spread the cost of a vehicle over a period of time, making your regular payments more affordable through one of three funding facilities.
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We can provide very competitive rates compared to in-house dealership finance. As a regulated industry we want to make sure you are being offered the most competitive finance package you can get when purchasing a car, whether its Personal Contract Purchase (PCP), Hire Purchase (HP) or Lease Purchase (LP).
We predominantly work with prime lenders for personal car finance and therefore having a strong credit rating is important to enable us to support your needs.
Do you have a new or used car that needs financing?
We can work with you to understand the value of the vehicle, how much deposit you would like to put down and over how long you want the finance, we will then present a quote that’s in your best interest.
There are multiple finance structures we can look at to make the perfect car finance deal for you.
Lease Purchase (LP) – A fixed monthly payment with fixed interest rates over an agreed term that can be anything from 24-60 months. A balloon payment (lump sum) is required to be paid at the end of the agreement in which the value of this is flexible to make your monthly payments lower or higher. We are able to refinance the balloon payment for you if required at that stage.
Hire Purchase (HP) – A financing agreement where the purchaser pays for the car in monthly instalments over a period of time, typically anything from 24-60 months, with ownership transferring to them once final payment and option to purchase fee is made.
PCP – Like LP and HP you have set monthly payments over an agreed term with fixed interest rates, but you are limited to a maximum term of 48 months. You also have a balloon payment at the end of the term which is determined by the lender based on your annual mileage. Full Circle Asset Finance can help you to refinance the balloon over a period of time at the end of the agreement.
Contact us today for more information and to request a quote: call us on 01422 557652 or email us on info@fullcircleassetfinance.co.uk
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Frequently Asked Questions
Can I customise an LP, HP or PCP finance agreements to suit my budget?
Yes of course, we will work with you to understand your monthly budget and deposit availability and we will do our upmost to structure your deal to suit your needs. However, the value of the vehicle and the strength of your credit rating will determine what we can achieve.
Can I customise my PCP agreement to suit my budget?
Yes, we can tailor the agreement based on your budget. You can adjust the deposit amount, contract length, and whether you want a balloon payment at the end to lower your monthly payments.
Can I get car finance without a deposit?
The simple answer is yes, some lenders will offer finance without a deposit, however this depends on each individual application. Of course, without a deposit payment it will mean your monthly payment is also higher so this needs to be considered, but well assist you in ensuring we achieve the most affordable deal for you.
What is information is required to apply for car finance?
Typically, proof of address, credit score and proof of income is information that is required and considered as part of your application for car finance. In simple terms the lender needs reliable evidence that you are in a position to repay the finance with the contract period. Upon applications we will advise what is required.