At Unique Prestige we keep our prices competitive to make our elegant range of sports, luxury and prestige cars as affordable as possible. Taking out a finance agreement is a popular way to make your purchase more affordable.
No matter what your current or previous financial situation may be; our sales advisers will be happy to help you towards purchasing a vehicle on Finance. As we deal with these finance companies every day we know exactly where to place an application for a successful result. We work firmly towards your personal budget & often will help you save money!
You pay an initial deposit and spread the remaining cost of the vehicle over a series of fixed monthly payments. By the end of the agreement, you have paid the total cost of the car plus a rate of interest on the loan.
We are fully equipped to assist you in financing your new prestige car. Our specialist sales advisers can explain the various types of finance agreement and help you choose the best option for your circumstances.
When you select from our high-quality used car range, you can adjust the length of time you want to spread the cost over. You can also specify the proportion of the total cost you can afford to pay as a deposit and the annual mileage you expect to cover in your prestige car. This flexibility gives you complete control over financing your car. You can also adjust the preferred terms and deposit of your agreement on our search function, to give you an idea of what you might be able to afford.
If you are interested in financing your purchase from Unique Prestige, you can ask any of our sales advisers for assistance. They will be happy to explain the various options available and make recommendations based on your individual requirements. You can arrange an appointment by enquiring online via the contact form on our website, or by phoning our dealership in Hoddesdon.
Let’s start with the basics. A personal contract purchase is technically a form of hire purchase, but a substantial portion of the amount borrowed is left at the end of the loan.
So whereas conventional hire purchase divides the total amount borrowed into equal monthly payments, typically over three or four years, personal contract purchase involves a series of smaller monthly payments, with a larger payment at the end of the agreement. This end payment is sometimes referred to as a balloon payment, or the minimum guaranteed future value (MGFV).
On the face of it, leaving a big lump sum until the end of the agreement seems like putting off the painful moment when you have to find several thousand pounds. But the point is you don’t have to; paying the MGFV is one of three options open to PCP customers at the end of the loan.
If you don’t want to pay, just hand the car back and call it quits. Or, if the car is worth more than the MGFV (which is usually the case), you can use the difference between the final payment and its true market value as a deposit for another new car.
If you want to buy a car and spread the cost in fixed monthly installments, then Hire Purchase (HP) is for you. At the end of the contract, you'll own the vehicle and have nothing more to pay.
✔ Affordable way to buy a car
✔ No mileage limits or charges for minor damage
✔ No-deposit options available
✔ Buying older vehicles
Not so good for
✘ Lowest monthly payments
✘ Regularly upgrading your car
✘ Flexibility at the end of the agreement