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Once you have found the car or van that meets your needs you will then be looking at financing its purchase, but which finance option is right for you?  The answer to this question depends on if you want to own the vehicle outright after a period of time or would like the option to either hand the vehicle back or trade the vehicle in for another car or van.

At Telford Motors we offer a range of finance options, some are for retail customers and some for our Business customers. lets take a look at your options:
  

Cash Purchase:

The vehicle is paid for with bank notes, suitable for people who wish to own the vehicle out right.  The drawback with this method is that it commits a large amount of money and there is the security risk of carrying a large amount of money from your bank to the dealership. A safer way is to use a Bankers Draft or Building Society Cheque 

Personal Contact Purchase:

Personal Contract Purchase plan such as Peugeot Passport allows you to purchase your car with much lower monthly repayments.  The payments are lower because some of the total vehicle cost is deferred to the end of the contact. This differed amount is called the Guaranteed Future Value (GFV).

 At the end of the PCP contract you have three options:

  • Return the vehicle and so long as you have not exceeded the agreed mileage, you will have nothing more to pay.
  • Pay off the GFV and then the vehicle is yours.
  • Come back to Telford Motors and part exchange the vehicle for a new one. If the trade-in value of the vehicle is greater than the GFV, the difference can be used towards a deposit on the your next PCP agreement.

 PAYMENT WAIVER - A new feature in retail finance contracts from Peugeot Financial Services.

PAYMENT WAIVER is included free of charge in all retail packages. This will benefit customers who fall into financial difficulty following INVOLUNTARY REDUNDANCY. Peugeot Financial Services will waive up to a maximum six instalments per agreement. The customer will not be required to pay these back.

 

Just Add Fuel:

Just Add Fuel is the new way of both purchasing your car and paying its running expences. You get fixed price motoring for a full three years for just one monthly fee

With Just Add Fuel you get:

  • Comprehensive Insurance+
  • Servicing
  • Roadside assistance
  • Road Tax*
  • Warranty

As the offer says the only thing you need to do is put fuel in your new Peugeot!

*The first year Road Fund Licence (RFL) is included in the on the road price. The Dealer will provide customers with a cheque equivalent to twice the current RFL cost.  It is the customer’s responsibility to apply for RFL for years 2 and 3. Terms and conditions apply. Participating Dealers only. Just Add Fuel (JAF) package subject to status and conditions.

†Minimum age 21 or 30 years on selected models, maximum age 75 years.All drivers must meet the driver eligibility criteria, which includes driving conviction, a minimum of 2 years NCD to use on the vehicle and claim restrictions.  Excesses apply. 3 years Peugeot Motor Insurance will be provided and underwritten by UK Insurance Ltd , which is authorised and regulated by the Financial Services Authority.  A guarantee may be required.  Written quotations available on request from Peugeot Financial Services, Quadrant House, Princess Way, Redhill, RH1 1QA.

  

Contract Hire:

Contract Hire allows the use of a vehicle (or number of vehicles) for a fixed monthly amount. Once you have decided on the vehicle and give an indication of the estimated yearly mileage the monthly amount can be calculated.  Contract Hire can also have a vehicles maintenance costs factored into the monthly amount. This would take care of items such as scheduled servicing.

At the end of the contract the vehicles are returned. For businesses Contract Hire is a tax efficient way of running a vehicle

Finance Lease:

Fixed rentals with an end-of-term rebate 

If you want the financial predictability of fixed monthly rentals but don’t want to keep the vehicle at the end of the term, a Finance Lease package from Telford Motors is ideal for your business. At the end of the lease period you sell the vehicle to a third party (as our agent) . 100% of the proceeds of the vehicle’s sale are returned to you as a rental rebate.

In order to keep the monthly lease payments to an agreeable figure part of the vehicles cost is defered to the end of the term. This is called the balloon payment. This amount is only paid at the end of the contract. Because Peugeot Motor Company recover the VAT on the vehicle, we able to reflect this in our rental figures. 

The benefits of Finance Lease include:

  • Available from only one month’s deposit
  • Fixed rentals for the life of the agreement plus an optional balloon rental option
  • Pay monthly
  • Contracts available from one to four years
  • Shell fuel card available (though this is subject to your company’s status)
  • Rentals are allowable against taxable profits
  • VAT is recoverable on rental vehicles (100% for commercial and 50% for cars where private use is allowed).

 

For further details please contact a member of our sales team

 

Tel. 01952 620404

 

 

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