Financing Your Car At Big Motoring World
Buying a car is usually a significant undertaking and is more often than not the second-largest purchase a person may make after their home. Used car finance helps you to spread this cost over manageable monthly payments. With the ability to configure the duration of the finance term and initial deposits and mileage where needed, there are typically two main finance products available to you, Hire Purchase (HP) and Personal Contract Purchase (PCP) and these are explained in more detail below.
PCP Personal Contract Plan
PCP Personal Contract Plan is a flexible product putting you firmly in the driving seat, allowing you to get a higher specification model or reduce your outgoings. An inspired idea that lets you drive more car for your money.
A PCP allows you to:
- Finance the whole car, but only pay for some of it while using it.
- Decide on the duration of the plan (between 18-48 months).
How it works:
- We agree on a deposit with you.
- We fix your monthly repayments in line with your budget.
- At the end of the contract, you can choose to keep your car, trade it in for a different model or return the car to us.
Hire Purchase is ideal if you want eventual ownership of the car. Simply put down a deposit and the remaining balance is divided equally over the duration of the loan.
Hire Purchase allows you to:
- Set monthly repayments with no mileage limits.
- Build-in servicing and maintenance costs, and pay for accessories.
How it works:
- We agree to a deposit amount with you.
- We set fixed monthly repayments (of up to 60 months).
- After the final repayment, the car is yours.
As with any of our products and services, if you have any questions, please feel free to ask. Our friendly and knowledgable team will be more than happy to assist you with your used car buying journey.
At Big Motoring World we are delighted to offer a fantastic range of over 2500 quality used cars from some of the worlds best-known manufacturers. Whatever your used car requirements there is bound to be something for you at Big Motoring World. Discover our full collection today.