Finance

Here at Windsors, we are committed to finding the right finance deal to suit your budget. Whether it’s for a brand new or a quality used car, or even on one of our fleet of vans for business purposes. Our Sales and Finance Team will help you every step of the way to apply for vehicle finance.

Vehicle funding may seem complicated at first. However, there are several options in which you can pay for your car which will be fully explained by our dedicated Sales Executives. We intend to take the stress out of car buying and make it as smooth a process as driving away in your new car!

Group Business Manager

Alistair Roberts is our Group Business Manager, Alistair has 37 years of motor industry experience and has worked for Windsors for over 30 years. If you require any information or would like to discuss your funding and finance options further, please do not hesitate to contact Alistair on the contact details below

Email: ar@windsorswallasey.co.uk

Mobile: 07890 280 018

Finance Explained

PCP

Under a  Personal Contract Purchase (PCP) your vehicle purchase will be supported by one of our approved finance providers. Thereafter, it will be your responsibility to make the agreed monthly payments for the duration of the agreement. A portion of your car's value will be deferred until the end of the agreement – called the Guaranteed Future Value – which is the minimum value that we can guarantee your vehicle will be worth (subject to fair wear and tear and mileage). At the end of your agreement period, you will be presented with three options: part-exchange the vehicle for a new car, pay the optional final payment and retain the car or return your car with no further payments (subject to terms and conditions). 

PCH

Personal Contract Hire (PCH) works in a similar way to PCP, the main difference is that ownership of the vehicle would not be assumed at the end of the agreement period and instead the car would be handed back. However, another vehicle could then be chosen under the same scheme (subject to credit checks and application).

Personal Contract Hire – provides hassle-free motoring, you benefit from a low initial outlay, regular rentals and no worries about disposing of your vehicle at the end of the contract.

HP

You may opt to buy your car through Hire Purchase (HP)  after paying an initial deposit, you then pay the remainder of the value of the car in instalments, normally for between two and five years. The finance agreement is secured against the car being bought.  In effect, you are hiring the car until you make your final payment after which you will own it. 

Personal Loan

Personal Loan Finance – this product is ideal for people who want to own the car at the beginning of the finance agreement and do not have a deposit to put towards their purchase, or in some circumstances where your current part exchange has negative equity.

Business C/Hire

Business Contract Hire – the efficient way of funding the use of the vehicle without the cost of ownership, you benefit from initial outlay, regular rentals and no worry about disposal of your vehicle at the end of the contact.

Low credit score?  Experiencing problems obtaining finance?

Poor Credit Rating can often lead to customers being rejected for used car finance deals. A poor credit rating, or credit score could be caused by previously missed payment obligations, County Court Judgments or a declaration of bankruptcy. At Windsors, because we are a credit broker and not a direct lender, we work very closely with a panel of lenders from prime to subprime to help you buy a car.

They will take a look at each one of our customer’s credit history and do their best to find a finance deal that can be tailored to your needs. Our finance team will offer you all the advice you need if you have money worries and will never pressure a customer into a situation that would harm them financially. Alternatively, you can also get free and impartial advice by getting in touch with the Citizens Advice Bureau or Money Advice Service. (Sub-prime finance is not guaranteed and may cost more than finance provided by a prime lender. We will try to obtain finance for you but there is no guarantee. It may be from a sub-prime lender, and if so, the cost of finance may likely be at a higher rate than prime lenders offer).

We can introduce you to a limited number of lenders. We typically receive a fixed commission calculated by reference to the vehicle model or amount you borrow, for introducing you to a lender but this does not affect the interest charged on this agreement, all of which are set by the lender. Our Manufacturer supporting finance partners also provide preferential rates to us for the funding of our vehicle stock and financial support for our training and marketing.

All finance applications are subject to status, terms and conditions apply. UK residents only,18’s or over. Guarantees may be required. 

 

 

1. Please note you will not own the vehicle outright until all payments are made.

2. If you default on your finance payments, then the vehicle may be repossessed by the finance provider.

3. You must be 18 years or older to apply for finance.

4. Finance is not guaranteed, and any finance application is subject to credit check and individual circumstances.

5. If you require any further information please do not hesitate to contact us.

6. The finance provider will have their own Terms & Conditions, please contact them directly for further information.