Finance

Brand new or pre-owned, there’s nothing quite like taking delivery of a ‘new’ car. So whether you need something bigger, are looking to upgrade, go electric or are simply after something a little different, at De Stefano we partner with the leading finance companies so we have the solution.

What is the Personal Contract Purchase?

A highly flexible and popular plan that provides you with the option to change your car on a regular basis.

How does it work?

  • At the outset of the agreement we’ll set a guaranteed future value for your car.
  • You pay a deposit and then make monthly repayments based on the outstanding loan balance less the guaranteed future value.
  • At the end of the monthly repayment period you’ll have three options;
  • pay the guaranteed future value and the car is yours,
  • hand back the car with nothing more to pay*,
  • or, as most of our customers do, part exchange the car and use any equity as a deposit on your next car.

* Subject to mileage, fair wear and tear.

And what else do I need to know?

  • Typically repayment periods are over 25 or 37 months.
  • The guaranteed future value is based on your repayment period and mileage. This can be set from 6,000 to 30,000 miles per annum.
  • The car can be up to 36 months old at the start of the agreement and must not exceed 60 months at the end of the agreement.
  • A maximum of 40% deposit is allowed and the minimum loan amount is £3,000.
  • As a ‘regulated’ finance agreement, this product is not available to corporate entities, e.g. limited companies.

What is Hire Purchase?

A simple and traditional way to finance your car over a fixed period for a fixed monthly amount.

How does it work?

  • You pay a deposit then make regular monthly repayments to repay the balance, it’s that simple.
  • As your interest rate is fixed you’ll know exactly how much you’ll repay at the outset of the agreement.
  • The loan is secured against your car. Once all the instalments have been paid the car is yours.

And what else do I need to know?

  • Repayment periods can vary from 12-60 months. The choice is yours.
  • The car must not be more than 10 years old at the end of the agreement period and the minimum loan amount is £1,500.
  • As a ‘regulated’ finance agreement, this product is not available to corporate entities, e.g. limited companies.

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