TEL: 08080 700034
FAX: 08080 700084PCP / Balloons Available, Low APR rates, prime finance
Below is a list of the funding options that we have available for you.
To help assist you further there are some videos to help with the explanations*. We believe that these videos and notes below will give you a good understanding of the finance products available to you.
The team of course can answer any further questions you may have, so please contact us today
Hire Purchase (HP) offers a straightforward way of distributing the cost of your new car. HP combines fixed monthly repayments and a fixed interest rate, making budgeting that bit easier. At the start of the agreement, you decide the amount of deposit you would like to pay, typically 10% - 50% of the car’s price. The remaining balance, together with the interest is repaid over an agreed period (12 – 60 months).
The benefits of HP:
Hire Purchase + Balloon
Lease Purchase is ideal for those wanting lower monthly payments than from a standard HP deal. To achieve those lower monthly payments, a balloon is offset to the end of the agreement allowing you to pay a lump sum to purchase the car in full, if you choose to do so. At the end of the agreement you have a number of options, including car purchase, refinance, part-exchange or resale.
The amount of the deposit is flexible, typically between 10% - 50% of the car’s full price. The deferred balloon is calculated on the estimated future resale value of the car. The difference, plus the agreed interest, is repaid in equal instalments over an agreed period (12-60 months), plus the final balloon payment.
The Benefits of Lease Purchase:
Personal Contract Purchase (PCP)
Personal Contract Purchase (PCP) is an increasingly popular car finance option. PCP offers the greatest flexibility at the end of the agreement, combined with fixed, low monthly payments.
If you are opting out of your company car scheme, PCP is the ideal choice. Your company car allowance can fund your monthly payments, without paying company car tax.
At the beginning of the agreement your car's guaranteed future value is calculated, based on an agreed mileage and age. This is then deferred as a final 'balloon' payment.
With PCP you don't have to commit to buying the car at the outset. You can use it for an agreed period of time (24-60 months) and then decide what you would like to do.
You have four options:
Purchase the car, by paying an agreed minimum residual value
Part-exchange the car for another
Sell the car privately, therefore settling the balloon
Or, subject to the mileage and condition, return the car with nothing more to pay (e.g. if depreciation resulted in negative equity)
The Benefits of PCP:
Personal Loans offers a straightforward way of distributing the cost of your new car, they combine fixed monthly repayments and a fixed interest rate, making budgeting that bit easier. However, with the benefit of borrowing the full advance for the vehicle, this solution can really help. The advance, together with the interest is repaid over an agreed period (12 – 60 months).
This facility also allows vehicles to be purchased from any supplier or private seller
The benefits of Personal Loan:
Some Frequently Asked Questions
Q: How do I get my quote?
Simply click on our contact form and we will call you back an an agreed time or call us on 08700 700034, we prefer the personal touch and like to ensure that you have all the available information so that you have the product that is right for you and the purchase you are about to make. If you prefer you can also Apply On Line.
Q: How Long will I have to wait to receive approval on my finance?
We ensure the approval process is as fast as possible and generally we will have your application agreed in principal within 2 hours. The situation can vary upon your credit status and size of required advance.
Q: Why should I choose Orange Motor Finance?
We offer highly competitive funding packages but above all a fantastic personal service. Once you engage our services you can be confident that we will deliver the best funding solution, as well as ensuring the process is seamless from start to finish.
Q: Are there any limitations on where I can buy my car?
No. Orange Motor Finance will finance a car purchased from any UK motor dealer, private seller or at Auction (products may be limited depending on the source of the purchase)
For further details or to enquire please contact our sales team on 08080 700034 or click the button to visit our contact page and email us
Applicants must be 18 or over, terms and conditions apply, guarantees and indemnities may be required.
Orange Motor Finance Ltd can introduce you to a limited number of finance providers based on your credit rating and we may receive a commission for such introductions. Written quotation on request. Certain exclusions for NI residents.
Tel: 08080 700034
Fax: 08080 700084
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