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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:

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:

There are three options at the end of the agreement:

  1. 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)
  2. Hand the car back to the motor finance company
  3. Trade the car in against another used car at Hendy Ford.

 

Hendy Group are a credit broker not a lender. We can introduce you to lenders and their products which may have different interest rates and charges. We are not an independent financial advisor and you are not obliged to take our advice. We do not charge you a fee for our services. We typically receive commission from the lender (either a fixed fee or a percentage of the amount you borrow) but this does not affect the amount you pay. Authorised and regulated by the Financial Conduct Authority. Reference Number 311625.

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