Buying a new car is an exciting experience but involves lots of research and debate. One of the most crucial decisions you will have to make is how to finance it. If you’re unable to pay for it upfront or engage in a personal loan, then you are probably considering Hire Purchase (HP) or Personal Contract Purchase (PCP) finance.
Both of these types of finance allow you to spread the cost of the car over a period of time. However, there are also some key differences between them that you should consider before choosing one. Read on further to find out what these differences are and which option might be better for you.
A big part of providing the entire car buying experience here at West Motors s offering used car finance which is something so many of our customers take advantage of. It is a popular way to spread the cost of your next car using a deposit to secure the finance, followed up by monthly instalments. Instrumental in the finance process is understanding APR (Annual Percentage Rate) which is an acronym used frequently in advertising and literature associated with finance, and car finance is no except... Read More
As a used car dealership that helps customers daily to finance their preloved vehicle, here at West Motors, we come across the term ‘balloon payment’ very frequently. However, it’s one of those terms you may not be familiar with when you come to buy your next car, but it’s one to get acquainted with if you’re interested in a Personal Contract Purchase (PCP) finance. Below is a guide to balloon payments including what they are, how they work, and when they apply. Read on to find out more about th... Read More
When it comes to car finance, your credit score is a pretty vital part of the process. We’ve talked before about how your credit score can be improve and how to check it with West Motors, but today we’re looking into how your credit score is affected by car finance. Any credit agreement you take out has an impact on your score, and it can be either negative or positive, depending on your attitude to repayments. Here, we explain how your credit score can be affected by car finance, so that you ca... Read More
By offering car finance here at West Motors, we help fund the purchases of our customers’ dream cars. It may be the one that they’ve been looking for all this time, that they otherwise may have been unable to afford; after all, the price of a car is a pretty big lump sum to pay all in one go! Part of what we do is ensure that anyone interested in financing their car on a monthly basis is given all the information they need to make their decision. The world of car financing can be a little daunti... Read More
Owning and running a car comes with associated legal obligations, like having it MOT’d, paying car insurance, and paying road tax. This last one is a process that it’s worth us explaining, as there are a few different aspects to it depending on what car you own - and how old it is! At West Motors we make sure we keep up to date with the rules and regulations of road tax (or Vehicle Excise Duty, as it’s officially known), so that we can explain how it works to our customers. Read on to find out m... Read More
To save timely negotiation all our cars are heavily discounted upfront and offered nearer cost price, saving customers up to £2000 when compared to our competition. This ensures we are treating every customer the same. This fee is a compulsory fee and applies to all customers.
Variable admin fee is charged as listed below:
Retail customers pay £199.
Repeat customers purchasing a 2nd car within 12 months of the original invoice date £0.
Retail customers arranging finance using brokers outside of our immediate panel of lenders £399.
Trade customers making a purchase as the motor trade £499.
Export customers including Northern Ireland and the Republic of Ireland £499.