Car Finance – West End Suzuki
Buying a car from West End Suzuki means buying from a company that has a reputation for excellence. Whether you are looking for a new Suzuki or wish to secure a great deal on a high-quality pre-owned car, we can provide competitive finance tailored to your individual circumstances.
Our sales team will be able to advise you on the many options available when wishing to finance your vehicle’s purchase. We have listed below the available options when making your purchase.
Personal Contract Purchase or PCP
There are a range of options available to help you finance your car. One option that may be right for you is the Personal Contract Purchase or PCP. Under this plan your car purchase will be supported by one of our approved finance providers. Thereafter it will be your responsibility to make the agreed monthly payments for the duration of the agreement. A portion of your car’s value will be deferred until the end of the agreement – called the Guaranteed Future Value – which is the minimum value that we can guarantee your vehicle will be worth. At the end of your agreement period, you will be presented with three options: part-exchange the vehicle for a new car, pay the optional final payment and retain the car or return your car with no further payments (subject to terms and conditions).
We are a credit broker not a lender
Representative Example | Price: £21999 | 7.9%
| Product | Deposit | Balance | First Payment | Term | Monthly Payment | Total Payable | Total amount of Credit |
|---|---|---|---|---|---|---|---|
| PCP | £1,699.50 | £10,028 | £259 | 48 | £259 | £26,422.02 | £18,036.98 |
Rate of interest 7.9% fixed
Credit is available to UK residents aged 18 years or over, subject to status, from Suzuki Finance, a trading style of Suzuki Financial Services Ltd, St. William House, Tresillian Terrace, Cardiff, CF10 5BH. With Personal Contract Purchase (PCP) you have the option after you have paid all of the regular monthly repayments to: (1) Return the vehicle and not pay the Optional Final Payment. If the vehicle has exceeded the maximum permitted mileage, a charge will apply per excess mile. If the vehicle is in good condition (fair wear and tear accepted) and has not exceeded the maximum permitted mileage you will have nothing further to pay. (2) Pay the Optional Final Repayment to own the vehicle or (3) Part exchange the vehicle subject to settlement of your existing finance agreement; new finance agreements are subject to status.
Personal Contract Hire or PCH
Personal Contract Hire or PCH works in a similar way to PCP, the main difference is that ownership of the vehicle would not be assumed at the end of the agreement period and instead the car would be handed back. However another vehicle could then be chosen under the same scheme (subject to credit checks).
Hire Purchase or HP
Alternatively you may opt to buy your car through Hire Purchase or HP. After paying an initial deposit, you then pay the remainder of the value of the car in instalments, normally over a period of between one and five years. In effect you are hiring the car until you make your final payment after which you will own it.
Personal Loan
There is also the option of a Personal Loan, which is a common way for people to buy a car on finance. Personal loans can be taken from banks, building societies and finance companies and duration of the payment of the loan can vary depending on what you agree beforehand with the loan company. Loans from banks for cars can be paid off over a number of years, and will have a fixed rate of interest. We have some helpful videos which provide more information on each finance option. To find out more on any of these options or about any other ways to make a car purchase, please contact us today. One of our sales team will be delighted to answer any questions you may have and guide you through the variety of car financing options on offer.