Call 01372 736 000 to speak to one of our knowledgable advisors about Car Finance options at Wilsons
At Wilsons we offer a variety of finance options and packages that give you the freedom to pay for your vehicle and related products and services in a way that suits your budget and priorities without breaking the bank. Car finance helps to spread the cost of buying a new or used car with fixed monthly payments rather than paying the full amount up front. For a full guide on what car finance is, click here.
Our finance specialists are experienced professionals who will set out all the available options to you in the clearest and most accurate terms. They will also be able to provide objective recommendations based on your needs and circumstances. Wilsons offer flexible finance deals that can be adjusted to meet your requirements. For example, car finance from Wilsons is available with a zero amount customer deposit that can be paid over a period as long as 60 months to help make your payments as manageable as possible. You can also part exchange your current vehicle to help further reduce your costs.
Finance obtained through a car dealership typically offers more generous terms and are more attuned to the particular needs of vehicle buyers as opposed to the more generalised personal loans that are available from other institutions. Moreover, under car finance agreements from dealerships, the loan is secured against the vehicle and not the individual. This means that your credit lines remain open for other purchases which is something that can not necessarily be said for personal loans which may exhaust the maximum amount of credit available to you from your lender.
If you are looking to purchase a new car from us, we can present a variety of arrangements in conjunction with our partners at Nissan, Citroen, Dacia, Fiat, Abarth, Renault, Peugeot and Vauxhall. These policies apply to vehicles across the manufacturer's range, from superminis to SUVs and sports cars. As well as structuring your repayments in the most appropriate manner, these policies also supply extra benefits such as comprehensive warranties, servicing plans, free insurance, road tax exemptions or breakdown cover. We also offer car finance deals for the hundreds of used vehicles in our stock with a variety of payment structures and different benefits including Wilsons RAC Guarantee and RAC Gap Insurance.
Personal Contract Purchase (PCP)
Your car purchase is supported by a finance company who essentially buy the car and you pay them in fixed monthly instalments for the term of your agreement. A portion of the car's value is deferred until the end of the agreement when you can choose to pay it to own the car, part exchange it for a new car or return the car and with no further payments, subject to terms and conditions.
Personal Contract Hire (PCH)
Also known as car leasing, this finance option is similar to PCP; the main difference is that you will not own the car and have no option to purchase the car at the end of the agreement. You pay fixed monthly payments, but there is no balloon payment at the end of the contract. Instead, the car will be handed back to the finance company.
Business Contract Hire
Apart from being exclusively for businesses as opposed to private individuals, Business Contract Hire works the same as PCH. If you are a VAT registered company, a Business Contract Hire agreement will mean that you can claim back 50% of the VAT on the finance element among other financial advantages.
Hire Purchase (HP)
After paying an initial deposit (which could be £0), the remainder of the car's value is paid off in fixed monthly instalments. As the name suggests, you hire the car over the period of the contract and purchase it at the end after making the final monthly payment.
By submitting a few relevant details through the enquiry form below or by simply calling one of our friendly business managers on 01372 736 000, you can quickly discover the flexible finance options available at Wilsons and find one that is perfect for you. For more information on our financial arrangements, get in touch with the helpful staff at our Epsom showrooms today.