Finance
Why Finance Through a Dealership?
Securing financing through our dealership offers you the most streamlined path to tailor a finance package that aligns perfectly with your lifestyle. Our committed Sales Team possesses comprehensive information to craft a customized plan, managing all paperwork efficiently. Often, they can approve the deal on the same day, ensuring a swift and hassle-free process here at Citygate.
There Are Three Main Options When Choosing Your Financing
Personal Contract Purchase
Monthly payments are calculated by your chosen deposit amount, added to the optional final payment which is the guaranteed minimum future value of your vehicle, offset against the price of the vehicle. This price is then divided over your PCP term which can range from 18 to 48 months, depending on your preference, which results in manageable monthly payments with no nasty surprises.
At the end of your PCP agreement, there are three options:
1. If the car is worth less than the optional final payment, which is guaranteed, then you can return it to us with no additional payments needed (subject to terms and conditions, vehicle mileage, vehicle condition and monthly payments having been upheld).
2. You can pay the final payment and own your car.
3. You can part exchange your vehicle with us for a new vehicle.
A PCP involves monthly payments that can last between 18 and 48 months depending on how much you would like your monthly spend to be.
Hire Purchase
This is the most straightforward method of purchasing a new or used vehicle. The repayment contract can be for a little as 12 months and as long as 60. At the end of the agreement, once all the payments have been made, you legally own the car.
Personal Contract Hire
Personal Contract Hire is exactly what it says, you only pay to use the car with one initial payment and monthly rental payments thereafter. At the end of your agreed rental period, and as long as the car is in good condition and within the agreed mileage, you simply give your car back to us.
This finance option works best for those who don’t want the hassle of trying to sell or part exchange a car at the end of the contract and there would be no concern about the depreciation of your vehicles value.