Used Car Finance

The following finance options are offered by Hendy Kia 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 1 to 5 years

  • • Available on cars up to 10 years old at start of 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 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 start of 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 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 Kia

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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