Financing your vehicle at Anthony Betts
For the majority of us, purchasing a car with a single payment can be very difficult. For this reason Anthony Betts Motor Group, through their Finance Partners Black Horse and MotoNova, offer a number of different financing options for those who would prefer not to make an outright purchase.
Our sales staff are all fully trained and are appointed representatives of ITC Compliance who are authorised and regulated by the Financial Services Authority to work on your behalf to discuss and arrange the most suitable payment option available to you. These include;
Hire Purchase (HP)
Hire purchase has traditionally been the most popular way to finance a car. The Key benefits of Hire Purchase are:
- Choose what deposit you want to pay, if any at all.
- Your part exchange could be used as your deposit or we could give you cashback.
- Choose any loan term between 12 and 60 months.
- Your repayments are fixed and remain the same for the entire period of the loan
- You own the car once all the payments have been made
- Leaves other credit lines unaffected as the loan is secured on the car
- You can change your car at anytime
Personal Contract Purchase (PCP)
Personal Contract Purchase is designed to give greater flexibility by giving you more options at the end of the contract. Simply choose your car and the amount of deposit you want to pay, how many years you want the contract to run and your expected annual mileage. From this information we can calculate your monthly payment and the future value of the car. At the end of the contract your options are;
- Hand it back - simply hand the keys over and walk away with no future responsibilities
- Take ownership - by paying the guaranteed future value and you will then take ownership of the car
- Choose a new car - part exchange your car and choose a new one
Personal Contract Hire (PCH)
Originally contract hire was designed just for business users, but today PCH offers the private customer the opportunity to rent a vehicle for an agreed period of time. Monthly payments are based on the period of hire, the annual mileage, the vehicle price and the anticipated future value of the vehicle. Service and maintenance cover can be introduced. You typically pay an initial payment of three or six monthly rentals and this is followed by equal monthly rentals over the selected period. At the end of the agreement, as long as you have fulfilled the mileage and condition requirements, you simply return the vehicle. Key benefits of PCH are;
- You are protected against any fall in used vehicle prices
- You are not responsible for disposing of the vehicle
- Your vehicle can be changed for a new one every 2 or 3 years
- There’s an optional maintenance package to cover unexpected costs
Contract Hire
Contract Hire is available only to business users and is a rental product where the monthly rentals are based on the period of hire, the annual mileage, the vehicle price and the anticipated future value of the vehicle. Service and maintenance cover can be introduced. You typically pay an initial payment of three or six monthly rentals and this is followed by equal monthly rentals over the 2 or 3 year period. At the end of the agreement, as long as you have fulfilled the mileage and condition requirements, you simply return the vehicle to us. Key benefits of Contract Hire are;
- Lower fixed monthly rentals
- Rentals are allowable against tax (restricted on the cars with CO2 emissions over 160g/km)
- 50% of the VAT can be reclaimed on rentals on cars (the actual percentage may vary)
- There’s an optional maintenance package to cover unexpected costs
- Cash flow is improved
- Administration is minimal
- You are protected against any fall in used vehicle prices
- You are not responsible for disposing of the vehicle
- Your vehicle can be changed for a new one every 2 or 3 years
- The length of the agreement, initial payment and annual mileage can be adjusted to meet your requirements.
Car Finance on New Cars
We have a range of finance offers available across a wide selection of new cars from our Suzuki and Mitsubishi brands, including 0% typical APR schemes. See our current new car offers by clicking on the Suzuki or Mitsubishi logo at the top of this page.
Credit Problems
Every day, thousands of people are turned down for car finance because they have past credit problems, or no credit history. Anthony Betts Motor Group works with a number of specialist lenders that can help you drive a new car whilst establishing yourself a credit rating. Contact our specialist team and in no time at all you could be choosing from our entire range of popular makes and models. You could be joining the many happy new owners who have driven away with a credit deal they can comfortably afford, whilst starting to rebuild their credit rating into the bargain! Simply complete the form below.