Car Finance

WHY FINANCE?

Hartwell have a number of finance partners and are able to provide you with a range of different financing methods. Our packages apply across all of our products, from new and used cars, new and used vans as well as servicing, all you have to do is choose the right option for you.

Financing your new car through Hartwell Finance makes buying your next car easy and hassle free. Our dedicated business managers are able to find competitive financing methods to suit your needs and situation. All financing is arranged at the dealership, including:

• Finance proposals are completed electronically
• No complicated forms to fill in
• Only a simple credit check needed
• Hartwell Finance is SAF Approved and regulated by the Financial Conduct Authority
• You could be driving home in your new car that very same day

Hire Purchase:

Did you know that 25% of finance agreements are Hire Purchase? This is available to both companies and private individuals who wish to purchase their vehicles outright.

Hire Purchase is ideal if you wish to spread out the cost of your vehicle over a period of time, making it easier for you to budget and giving you complete ownership of the vehicle at the end of the term.

The benefits:

• Fixed regular payments for easy budgeting
• Variable deposits
• Complete ownership at the end of the agreement
• No deferred lump sum to pay
• No restriction on the type of car

How it works:

Once you’ve chosen a car, one of our business managers will tailor your repayment to suit the amount of deposit you wish to use and your monthly expenditure. The term of the agreement will be between 12 and 60 months and the deposit you pay will be deducted from the price of your chosen vehicle. You will then pay the remaining balance every month until the end of the agreed term where you will then own the vehicle outright.​

Personal Contract Purchase

PCP or, to give it it’s full title, Personal Contract Purchase, is becoming a popular alternative to hire purchase for  private users and consumers who opted out of a company car scheme.

With affordable deposits and low monthly payments, it allows the individual to change their car on a regular basis.

The benefits:

• Low and deposits and monthly payments
• Change your car regularly
• Protection against vehicle depreciation
• You can drive the car of your choice

How it works:

When you have chosen your vehicle, you will then agree your annual mileage decide on the agreement term with one of our Business Managers.  We will then determine the Guaranteed Minimum Future Value (GMFV) of the vehicle at the end of the agreement and work out a deposit and monthly amount that suits you.  At the end of your agreement you will then have three options:

• Return-Simply return the car the back to us.
• Retain-Keep the car by paying the optional final payment
• Renew-Trade it in for another car.​​

Lease Purchase:

Lease Purchase is an ideal alternative to bank borrowing for businesses that are not VAT registered and who want eventual ownership of their cars.

The benefits:

• Eventual ownership
• Low initial deposit
• The car can be written down in your books
• All interest pair can be off-set against tax
• No VAT on payments
• Option to take early settlement
• No restriction on mileage

How it works:

Lease Purchase can also be seen as a fund scheme that also favours businesses that prefer minimum payments to assist cash flow. This is because part of the capital cost is deferred until the end of the agreement and has the obvious effect of reducing the monthly payments. In paying the final balloon payment you complete the agreement and the car is yours to keep. If you trade the car in for another, then any allowance over and above the balloon payment is yours and can be put towards your deposit on your next car. Likewise, if the allowance is less than the balloon, then you are responsible for the shortfall.

​For a quotation, help, or advice contact your local Hartwell dealership

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