We can offer very competitive finance rates on the majority of our stock. We highly recommend discussing finance options with us before approaching the bank. We can also take your part exchange as full or part deposit. Some frequently asked questions:
How much deposit do I need?
The finance companies prefer the VAT amount plus 10% of sale value as deposit. So, if you are interested in a van priced £3000 plus VAT, you would be looking at paying £900 deposit, leaving £2700 to finance. If the vehicle you wish to purchase is not subject to VAT, then you would only require the 10%, which in this case is £300.
What happens if I have had problems with credit in the past?
Haven't we all? The recession has left many people with this issue, and we have found that a lot of customers presume they might have a problem. If you are looking to finance, it is always worth discussing it further with us - we are always happy to help. We do work with specialist finance companies that can help our customers who experienced credit issues in the past.
What's the APR?
We generally work on the base rate, and currently this is around 5% on used vans. We can try and get below this rate under special circumstances.
If I get passed on finance do I have to buy the vehicle?
No, of course you don't. If we make an application on your behalf, the outcome does not mean you are bound to proceed with it. The decision is yours.
I have got a question that's not here?
Then give us a call on 01226 391400 - we will be more than happy to assist.