Bennett Motor Group understands that when it comes to financing your new or used Renault or Dacia vehicle, you need clear advice and options from the off. Our finance experts will help you find the best financing options for your circumstances and budget.
With Personal Contract Purchase your car purchase will be supported through an approved finance provider. With this type of plan, you typically pay an initial deposit towards the car followed by fixed monthly installments. If you’re not wishing to own the car outright at the end of the contract and may even look to upgrade your car for a new model later down the line then this type of financing options could be for you.
The monthly payments tend to be lower than other financing options and it leaves you with three options at the end of the contract:
Similar to PCP financing, Hire Purchase requires you to make an initial deposit. Then you pay the remainder of the value of the car in instalments, normally between two to five years. In effect you are hiring the car until you make your final payment when you will fully own it.
Personal loans are also a common way for people to secure car finance. Often, these are taken from banks, building societies and finance companies. The duration of the repayments of the loan vary depending on the agreement you have put in place with the loan company. Often, loans from banks for cars will have affixed rate of interest and can be paid off over several years.