Telephone: 01942 819255
Mobile: 07734 603596

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Finance at Victoria Motor Company

Finance now available. Please contact us through the finance form above or give us a call today!

An additional charge of £200 will be added to any car purchased through CF247.

Hire Purchase(HP)

Hire Purchase agreements are a type of credit where once you have paid the total loan amount, you own the vehicle. During the loan term, the financer owns the vehicle. Once you repay them in full, ownership passes to you. Typically, Hire Purchase agreements have higher monthly payments because you are repaying the total car amount. With a Personal Contract Purchase, you repay only part of that amount.

 

Personal Contract Purchase(PCP)

Personal Contract Purchase agreements are a type of credit where you pay off instalments to cover part of the cost of a car. Once you have paid off the amount as set out in the agreement, you hand the car back to the owner, who is the financer. Alternatively, if you want to keep the car, you can refinance the remaining cost of it. This is called the balloon payment. It is based on the guaranteed future value (GFV) of the car.

 

 

We act as a credit broker not a lender. We work with a number of carefully selected credit providers who typically will be able to offer you finance for your purchase. (Written quotations available on request). Whichever lender we introduce you to, we will typically receive a fee from them (either a fixed fee or a percentage of the amount you borrow). The lenders we work with could pay commissions at different rates. All finance is subject to status and income. Terms and conditions apply. Applicants must be 18 years or over.