Car Finance Deals and Car Loans

Call 0137 289 8968 to speak to one of our knowledgeable advisors about Car Finance options at Wilsons Epsom.

What Is Car Finance?

Got your eyes on a car but not sure if you can afford it? Car finance for new and used cars is here to help.

Our car financing deals enable you to spread the cost of buying a new or used car. Instead of paying the full price upfront, you pay each month a smaller amount with interest. Most dealerships will offer a range of deals and products to suit individual preferences and circumstances.

At Wilsons, we have a variety of car finance packages and deals available to both individuals and businesses which include Personal Contract Purchase, Hire Purchase, Personal Contract Hire and Business Contract Hire.

Car Finance is subject to status and is only available to UK residents aged 18 and over.

How Does Car Finance Work?

Each deal or package works a little differently, but in general terms, the finance company (the lender), will buy the vehicle on your behalf and then you will repay the amount borrowed on a monthly basis with interest. Typically, you would pay a deposit and make smaller payments for one to five years, tailoring the finances to meet your budget. 

The finance agreement is secured against the vehicle for the duration of the agreement, which means that it will be owned by the finance company and not the dealership until the final payment has been made. However, if you opt for a leasing finance deal such as Personal Contract Hire or Business Contract Hire, there will not be an option to purchase the vehicle at the end of the agreement.

Types of Car Finance - Our Financing Products Explained

Personal Contract Purchase Cars (PCP)

​Your purchase is supported by a finance company that essentially buys the car and you pay them in fixed instalments each month 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 vehicle or return it with no further payments, subject to terms and conditions.

Personal Contract Hire Cars (PCH) / Car Leasing Deals

Also known as car lease, this type of deal is similar to PCP; the main difference is that you will not own the vehicle and have no option to buy it at the end of the agreement. You pay a fixed amount monthly, but there is no balloon payment at the end of the contract. Instead, the vehicle will be handed back to the finance company.

Business Contract Hire (BCH)

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 fees. As the name suggests, you hire the car throughout the contract and buy it at the end after making the final payment.

*Part exchange is subject to settlement of your existing finance agreement, new finance agreements are subject to status.

**You have the possibility at the end of the agreement to return the vehicle and not pay the outstanding balloon payment. If the vehicle is in good condition and has not exceeded the allowed mileage you will have nothing further to pay. If the vehicle has exceeded the allowed mileage a charge for excess mileage will apply.

Find Out More about our Finance Deals and Loan Options

By submitting a few relevant details through the enquiry form below, or by simply calling one of our friendly business managers on 0137 289 8968, 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 service, get in touch with the helpful staff at our Epsom showrooms today.

Work with us to finance your car and get the best deal

Here at Wilsons, we sell hundreds of new and used cars at competitive prices from big names like Citroen, Ford, Audi, Nissan and more. We want as many customers as possible to drive away happy in the car that suits them best, and by offering finance plans for used cars as well as new cars, we are able to do so. Whether you're looking for your first car or you’ve been driving for years and fancy something different, we can help by offering these cost-effective financing schemes.

We’ve grown to be one of the largest dealerships in the South of England thanks to our ability to help hundreds of customers. This success is down to our flexibility; we can tailor the car finance options for used cars to suit your exact budget and needs. For example, you might like to put down less of a deposit or reduce the monthly fees by extending how long you have the contract. Our finance specialists will discuss these options with you at the dealership in Epsom to ensure you get a package that suits you.

Your bold SUV, sporty roadster or expertly sophisticated saloon may not be as far from reach as you might have expected.

Contact us today or visit our dealership for more information on each of the available car deals for used cars that we offer!