Ways to buy your vehicle

There are two simple ways we can help you buy your vehicle
Use our finance calculator to work out your monthly repayments.
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HIRE PURCHASE

Hire Purchase, sometimes referred to as HP, is the simplest way to buy your next vehicle.

With a Hire Purchase loan, you pay a deposit at the start of the agreement and then the remaining balance is repaid from 12 to 60 months. If you’re part exchanging a vehicle then you can use this as a deposit too.

We’ll work to fit the length of your loan around your monthly budget or how often you like to change your vehicle.

Your payments are fixed throughout your loan and you can settle your agreement at any time, allowing you to change your vehicle before the end of your agreement. Once you have finished making your repayments, the vehicle becomes yours.

We don’t rely on computers to make a decision about your application. Instead, our team of experts combine their years of experience with modern technology to provide a personal, friendly and professional service.

How does it work?

  1. . Speak to us directly or tell your dealership that you want us to arrange your finance. We’ll make the necessary arrangements with them.
  2. . Once we’ve approved your application we’ll make sure the paperwork is waiting at the dealership for you. Alternatively you can you can visit our office or call in to any Cumberland Branch.
  3. . Once the paperwork has been completed, we’ll pay the balance direct to the dealership in time to collect your new vehicle!

WHAT IF YOU WANT TO CHANGE YOUR VEHICLE?

If you decide you want to change your vehicle part way through your loan then all you need to do is speak to us to get a settlement figure.

This is the amount required to settle the outstanding loan but as it’s secured on your vehicle, you may be able to sell or part exchange your vehicle to do this.

Once you know what your settlement figure is, we’ll talk you through the process of changing your vehicle, ensuring your new finance is right for your needs.

We also offer our customers the ability to make partial settlements, this allows you to repay some of your outstanding finance and reduce your monthly repayment.

If you want to know more about Hire Purchase or if you’ve seen a vehicle and would like a quote, contact your local team on 01228 595939 or use our finance calculator.