Vehicle Finance provided by Close Brothers Motor Finance
Wedglen Garage specialises in offering Vehicle finance deals that are both flexible and affordable to suit your next car. For more information please fill in the finance form below with as much detail as possible. We will endeavor to get back to you as soon as possible.
Conditional Sale (CS)
Conditional sale is a great option if you want to own the vehicle at the end of the agreement. With CS, you are usually required to pay a deposit of around 10%, then the remaining cost of the vehicle, plus interest, is repaid in equal monthly installments across the term of the agreement which can between one – five years (12 – 60 months). The finance is secured against the vehicle.
We can sometimes offer a balloon payment to customers looking for a car. This pushes some of the financed amounts to the end of the term and must be repaid to settle the agreement but can help to lower the monthly repayments
Hire Purchase (HP)
Hire purchase could be an option if your looking for something simple and straightforward but want to be able to hand the vehicle back at the end of the term. With HP, you will usually be required to pay a deposit of around 10%, then the remaining cost of the vehicle, plus interest, is repaid in equal monthly installments across the term of the agreement which can between one – five years (12 – 60 months). The finance is secured against the vehicle.
With fixed monthly repayments, at the end of the term, there is no lump sum. However, we can sometimes offer a balloon payment to customers looking for a car or motorcycle. This pushes some of the financed amounts to the end of the term and must be repaid to settle the agreement but can help to lower the monthly repayments.
Personal Contract Purchase (PCP)
PCP is great if you want to change or upgrade your car at the end of the finance term. With PCP, a deposit of around 10% is usually required, and then the remaining cost of the vehicle, plus interest, is repaid in equal monthly installments across the term of the agreement which can be between one – five years (12 – 60 months). The finance is also secured against the vehicle.
With PCP, we guarantee the future value of the vehicle at the end of your agreement based on the agreed annual mileage and maintenance of the vehicle (known as the ‘Guaranteed Minimum Future Value’). PCP agreements are based on estimated annual mileage and any excess mileage and/or damage may incur additional charges. By deferring this amount to the end of the term, you could benefit from lower fixed monthly payments compared to our HP and CS products.
