Ask us for a list of insurers we offer products from. Crown Suzuki is appointed to act as the agent of the insurers and not as your agent, when offering or recommending the below products and where we collect any premium or handle premium refunds, we do so as the agent of the insurer. We act as a credit broker, not as lender, for the introduction to a limited number of finance providers only for.
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This certificate provides an assurance to finance customers that they are receiving expert advice from a knowledgeable motor dealership, whose staff are committed to raising standards and improving knowledge of finance sold to private and business vehicle buyers.
Personal Contract Purchase is a finance product that allows you the opportunity to buy a new or a used car.
It is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments over a term typically between 18 to 48 months.
What makes Personal Contract Purchase different to Hire Purchase is that, typically, you will have a lower monthly payment, as when you get to the end of your agreement, there is a final balloon payment that must be made if you want to keep the car. The balloon payment is often referred to also as the Guaranteed Future Value (GFV).
When you have chosen your vehicle, you will then agree your annual mileage and decide on the agreement term with one of our Business Managers.
We will then determine the Guaranteed Future Value (GFV) of the vehicle at the end of the agreement and work out a deposit and monthly amount that works for you.
At the end of your agreement you will then have three options:
Return – Simply return the car to us
Retain – Keep the car by paying the optional final payment
Renew – Trade it in for another car
For a quotation, help, or advice contact us and ask to speak to one of our Business Managers.
The short answer is yes, you have the right to repay the credit at any time in full or partially.
Hire Purchase is a way to finance buying a new or used car. You will normally pay an initial deposit and will pay off the entire value of the car in monthly instalments. When all the payments are made, the Hire Purchase agreement ends, and you own the car outright.
The short answer is yes, you have the right to repay the credit at any time in full or partially.