J D Peace Cars is a fully licensed Credit Broker. When
it comes to purchasing your new car our aim at J D Peace Cars is to ensure all
our customers are fully informed of the different finance options available to
them.
We have fantastic relationships with a variety
of funders giving us privileged access to some of the best finance packages on
the market.
We pride ourselves on being able to offer very
competitive finance rates and finding a bespoke solution to suit individual
needs in order to help fund the purchase of your next car in the most cost
effective manner. The different types of finance agreements available include:
The most simple and straight-forward agreement is ‘hire purchase’ where you pay fixed monthly payments in order to spread the cost of purchasing a car over several years. The benefits of this agreement are that deposits are flexible whilst having fixed rates and payments make budgeting a whole lot easier. Terms available upon from 12 – 60 months, written quotations available on request.
With PCP the lender calculates the future value of the
vehicle based on the stated annual mileage and market value data. This value is
offset as a final payment due at the end of the term (normally 36 or 48 months)
the monthly payments are then calculated on the remaining balance after any
initial deposit amount is deducted.
At the end of the term when the final payment is
due there are three options,
1) Hand the car back to the finance company and
walk away
2) Make the final payment and keep the car
3) Part exchange the car incorporating the final
settlement in the new vehicle purchase.
If you would like further information on any of our finance
services please contact Graham Peace.
Tel- 01856 879600 or use our Finance Enquiry Form.
We are trading as a credit broker and not a lender, and are authorised
and regulated by the Financial Conduct Authority, firm reference 689322. We can
introduce you to a limited number of lenders, while providing details of
finance products available. We will not charge you a fee for an introduction,
but may receive a commission from the lender. Lender’s commissions may vary.
The commission received does not influence the interest rate you will pay. For
questions about commission, please speak to us. James D Peace & Co,
Junction Road, Kirkwall, Orkney, KW15 1JY.
Representative
finance examples are for illustrative purposes only. Finance is subject to
status and credit acceptance. Terms and conditions apply. Available to 18s and
over & UK residents only. Guarantees and/or indemnities may be required.