Hartwell have a number of finance partners and are able to provide you with a range of different financing methods. Our packages apply across all of our products, from new and used cars, new and used vans as well as servicing, all you have to do is choose the right option for you.
Financing your new car through Hartwell Finance makes buying your next car easy and hassle free. Our dedicated business managers are able to find competitive financing methods to suit your needs and situation. All financing is arranged at the dealership, including:
Did you know that 25% of finance agreements are Hire Purchase? This is available to both companies and private individuals who wish to purchase their vehicles outright.
Hire Purchase is ideal if you wish to spread out the cost of your vehicle over a period of time, making it easier for you to budget and giving you complete ownership of the vehicle at the end of the term.
How it works:
Once you’ve chosen a car, one of our business managers will tailor your repayment to suit the amount of deposit you wish to use and your monthly expenditure. The term of the agreement will be between 12 and 60 months and the deposit you pay will be deducted from the price of your chosen vehicle. You will then pay the remaining balance every month until the end of the agreed term where you will then own the vehicle outright.
PCP or, to give it it’s full title, Personal Contract Purchase, is becoming a popular alternative to hire purchase for private users and consumers who opted out of a company car scheme. With affordable deposits and low monthly payments, it allows the individual to change their car on a regular basis.
How it works:
When you have chosen your vehicle, you will then agree your annual mileage decide on the agreement term with one of our Business Managers. We will then determine the Guaranteed Minimum Future Value (GMFV) of the vehicle at the end of the agreement and work out a deposit and monthly amount that suits you. At the end of your agreement you will then have three options:
Lease Purchase is an ideal alternative to bank borrowing for businesses that are not VAT registered and who want eventual ownership of their cars.
How it works:
Lease Purchase can also be seen as a fund scheme that also favours businesses that prefer minimum payments to assist cash flow. This is because part of the capital cost is deferred until the end of the agreement and has the obvious effect of reducing the monthly payments. In paying the final balloon payment you complete the agreement and the car is yours to keep. If you trade the car in for another, then any allowance over and above the balloon payment is yours and can be put towards your deposit on your next car. Likewise, if the allowance is less than the balloon, then you are responsible for the shortfall.