Used Car Finance
The following finance options are offered by Hendy Ford when purchasing a used vehicle:
Hire Purchase (HP)
There are many benefits to choosing Hire Purchase as your finance option:
- Flexible deposit options, 0% deposit may be available subject to status (includes part-exchange)
- Set fixed payments to suit your budget
- Interest rate fixed and competitive
- Pay over chosen period of 1 to 5 years
- Available on cars up to 10 years old at the start of the agreement
- No mileage restrictions
- Protection under Consumer Credit Act
- Quick and easy to arrange
- Ideal if you wish to own the vehicle at the end of the agreement
- No early settlement fees
- You can borrow any amount from £1,000 to £250,000.
Please note that the car will be used as security for the loan, just as a house is for a mortgage.
Personal Contract Purchase (PCP)
The benefits of choosing Personal Contract Purchase (PCP) as your finance option are:
- Flexible deposit options, 0% deposit may be available subject to status (includes part-exchange)
- Lower payments mean you may be able to afford a newer car
- Set payments to suit your budget
- Fixed payments
- Interest rate fixed and competitive
- Pay over chosen period 2 to 4 years (where applicable)
- Available on cars up to 5 years old at the start of the agreement (must not exceed 85,000 miles at the contract end)
- No early settlement fees
- You can borrow £1,000 to £250,000.
There are three options at the end of the agreement:
- Pay off the deferred amount in full and keep the car (please note, you do not own the car until you make this final payment)
- Hand the car back to the motor finance company
- Trade the car in against another used car at Hendy Ford.