Car Finance - Tailored To Your Individual Needs
If you are looking to buy a car on finance then you be assured that any of our Grange car dealerships will always try to deliver you the best motoring experience possible and at the best value we can offer.
About our Car Finance Options at Grange
Whether you are looking for a used or new vehicle you will be safe in the knowledge that you're taking advantage of a car finance plan that is as well designed and carefully put together as the vehicle you're driving. At Grange we will provide competitive and hassle-free car finance tailored to your individual circumstances. Our team at Grange will provide a car finance quote that is easy for all to understand and as free as possible from the usual finance jargon.
Which car finance option best suits your circumstances and requirements?
There are a number of flexible options available to help you finance your next car. Perhaps the most popular option that may be right for you is the Personal Contract Purchase (PCP) plan. If you choose PCP car finance, your purchase plan is approved and supported by one of our accredited finance providers. After the agreement is signed it is your responsibility to fully meet the agreed monthly payments for the duration of the agreement. A figure of your car's value will be deferred until the end of the agreement - called the Guaranteed Future Value (GFMV) - which is the minimum value that we can guarantee your vehicle will be worth. At the end of your agreement, you will be presented with three options: part-exchange the vehicle for a new car, pay the optional final payment (the GFMV) and retain the car or return your car with no further payments (subject to terms and conditions as set out when you signed your agreement).
Personal Contract Hire (PCH) works in a similar way to PCP, the major difference is that your ownership of the vehicle would not be assumed at the end of the agreement period. Instead, at the end of the agreement the car would be handed back. At that point another vehicle could then be chosen under the same scheme (subject to status and credit checks).
Alternatively you may opt to buy your car through Hire Purchase (HP). After payment of an initial deposit you then pay the remainder of the value of the car in monthly instalments over a period of between one and five years depending on the agreement and deposit value. In simple terms, you are hiring the car until you make your final payment after which you will own it.
Finally you may choose to pay with a Personal Loan. This is a common way for people to buy a car on finance. Personal loans can be taken from almost all banks and building societies or finance companies. The terms and duration of the payment of the loan can vary depending on what you agree beforehand with the loan company - watch the small print! Loans from banks for cars can be paid off over a number of years, and will almost certainly have a fixed rate of interest.