At Auto Station, we are experts in the field of motor finance. We work with a variety of finance lenders to find you the best deal that suits you when purchasing your next car or small commercial van and we have great relationships with the representatives of these companies to make the process as streamlined as possible. We work with some of the leading lenders in the country, including Mann Island, MotoNovo, Motor Finance Scotland, and Close Brothers Motor Finance.
When it comes to finance, we want to ensure you have all the correct and relevant information to help you make an informed decision.
We are also SAF approved and have completed all the most recent exams to be up-to-date with the latest rules and regulations.
We offer Hire Purchase (HP) and Personal Contract Purchase (PCP) to allow you to purchase your next vehicle, with detailed explanations on these provided below. We will also come to a deal with you based on your Personal Loan. We offer competitive rates to benefit you and help purchasing your car with your budget.
With every finance agreement, you are still responsible for, and paying for, the maintenance, servicing, MOT, and any potential repairs of the vehicle. Finance lenders will not cover this.
Hire Purchase is an agreement with your lender that can span from 12 to 60 months with agreed fixed monthly payments and an interest rate. These monthly payments are calculated and determined by the value of the car you are purchasing, the value of your car that you are part exchanging to use as a deposit (if applicable), and any cash deposit you wish to put down. The higher the cash deposit, the less your monthly payments will be. This agreement ensures you pay back the full value of the vehicle at the time of purchase over the agreed term.
Detailed quotations are available upon request.
PCP is similar to HP in that you pay monthly payments over an agreed term. The length of term available with PCP is between 24 and 48 months. The contract details, while the monthly payments take into consideration, annual mileage and the vehicle’s market value. As part of the contract, the lender will calculate an optional final payment, known as a “balloon payment”. You have the following options at the end of your contract:
The difference between HP and PCP is that with PCP, you do not pay back the full value of the vehicle in the monthly payments.
You can find examples of finance calculations against each of our vehicles in stock. You can also find our finance Initial Disclose Document in the footer of our website.
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