Thinking of financing your next car and wondering what your options are?
Hire Purchase (HP) is a popular and straight forward finance option which allows you to spread the cost of buying a car.
Whilst the payments on Hire Purchase are higher each month than on Personal Contract Purchase (PCP) there's no large payment at the end.
If you prefer to know what your payments will be each month and you would like to own your car outright at the end of the agreement then Hire Purchase could be the right option for you.
Try out our calculator on our car pages, just like the one above to get an idea of what the payments are on the cars.
What is APR?
APR stands for Annual percentage rate and refers to the interest rate on the loan of the car. APR can differ from company to company and the lower the APR the lower the interest you will pay on money borrowed for finance.
Bad Credit Finance
Poor Credit Rating can often lead to customers being rejected or having higher APR for used car finance deals. We are a credit broker and not a direct lender, we work very closely with a panel of lenders 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.
Our credit-broking services
Smith & Landers Engineers LTD T.A Lancashire Auto, are able to offer you credit-broking services to help finance the purchase of your motor vehicle through our arrangements with a number of lenders. If we arrange finance for you, we may receive a commission, fee or other financial consideration (our “income”) from the lender for doing so. Our income varies from lender to lender depending on the contractual and commission arrangements that we have in place.