| Your New Car aims to make buying and owning a
car as easy as possible. We are able to offer a range of financial
products to meet every customer's requirements.
Your New Car are licensed credit brokers. Written quotations are
available on request. To get a quotation tailored to meet your needs
please call the Your New Car team on:
0870 766 33 33
Contract Hire / Personal Contract Hire
Contract Hire is the most popular way for businesses to fund their
vehicles, and is now also available to private motorists.
Contract Hire works by paying an initial deposit, and then making
equal monthly instalments over a period of 1, 2, or 3 years.
At the end of the period the vehicle is simply handed back and a
new deal on a new vehicle is started. Limited companies can also
claim back 50% of the VAT on the repayments, and the agreement stays
off the balance sheet.
Your New Car has negotiated low rate deals with a number of Contract
Hire providers, ensuring we can provide you with a flexible, low
rate Contract Hire or Personal Contract Hire package.
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Hire Purchase
Hire Purchase is currently the most popular way of purchasing a
vehicle privately because it is so simple.
To purchase a vehicle on Hire Purchase you just pay an initial deposit
(starting at only £99), and then make equal monthly instalments
over a period of 1, 2, 3, 4 or 5 years.
If you ever wish to change your vehicle before your agreement has
ended, the finance company will provide you with a settlement figure,
which once paid passes full ownership of the vehicle to you and
allows you to change your vehicle and enter into a new agreement.
Your New Car has negotiated low rate deals, starting at only 8.9%
APR – comparable to most high street banks.
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Personal Contract Purchase
Personal Contract Purchase (PCP) is the fastest growing way of purchasing
a vehicle because of the flexibility it provides, allowing motorists
to change their vehicle more often.
To purchase a vehicle on PCP you pay an initial deposit, and then
make equal monthly instalments over a period of 1, 2, 3, or 4 years.
At the end of the period there is a ‘Guaranteed Future Minimum
Value’ (GFMV) for the vehicle, giving the customer three choices:
- Pay the GFMV in one lump sum and take full ownership of the
vehicle
- If the vehicle is worth more than the GFMV, you can use it as
a part exchange to purchase a new vehicle, using the excess amount
as full or part deposit
- If the vehicle is worth less than the GFMV, just hand it back
to the finance company and purchase a new vehicle
Your New Car has negotiated low rate PCP packages
starting from ONLY 8.9% APR, which also provide flexibility on GFMV
values, ensuring we can provide the PCP package to suit you.
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