One of the most common forms of financing a vehicle is through a Hire Purchase agreement, which allows you to take ownership of a car once all payments are made. Hire Purchase combines elements of different agreement types and payments are determined by vehicle retail price, deposit size and contract length. The simplicity of the method, along with budgeting advantages, has made this type of finance arrangement an increasingly popular option.
Similar to traditional hire purchase, Lease Purchase enables you to pay a deposit that suits your budget, then repay the remaining balance over an agreed period, though monthly instalments can be reduced by deferring a larger portion of the balance to a final 'balloon' to be settled at the end of the agreement. When the contract is finished, you take ownership of the vehicle. In the case of Lease Purchase monthly rental is determined by the initial capital cost, the length of the arrangement and the estimated future value of the vehicle.
PERSONAL CONTRACT PURCHASE
Personal Contract Purchase is one of our more favoured motor finance agreements due to its flexible options, low deposit requirements, competitive monthly payments and the clarity given by the vehicle's guaranteed future value. This type of package suits clients looking to change cars at the conclusion of the contractual period. The more the vehicle holds its value, the more economical your deal will be as less depreciation will reduce your monthly payments. This type of plan provides high agreement flexibility at the outset, while business allowances will allow you to fund the finance plan without the additional costs of company car tax.
LET'S GET STARTED
APPLYING FOR FINANCE
Our finance process is designed for ease and speed, requiring minimal on your part and promising a smooth transaction. We operate transparently to increase efficiency and avoid uncertainty or confusion, meaning you'll always know exactly what is involved and how it will happen. We excel at calculating the complicated necessities and taking steps to guarantee you a quick turnaround. After gathering the required information from you, you'll be driving away in your newly financed vehicle in next to no time.
ADDITIONAL BENEFITS OF IMPERIALS FUNDING
Imperials are also able to provide negative equity customers with products catered for their needs. Imperials offer full Retail Value Lending products subject to status and underwriting. Nil deposit funding is available subject to each individual’s credit status Competitive Fixed Rates and Fixed term funding We offer a Buy now Pay later service subject to status and underwriting.
Imperials can offer the most comprehensive range of products for Limited companies, LLP’s, Partnerships, Sole Traders and even "Trading as" businesses.
PLEASE NOTE: WE ARE A CREDIT BROKER AND NOT A LENDER. This means we act independently through a wide range of lenders to offer a broad and competitive choice of products and solutions. Imperials is not affiliated to any motor manufacturer. Calls may be recorded for training and monitoring purposes. Imperial Carriages Liimited is authorised and regulated by the Financial Conduct Authority for the sale of consumer credit. FRN NO :679595
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