We know that purchasing a vehicle is a big investment for most people and we’re dedicated to making the buying process as straightforward and hassle-free for our customers as possible. We can help you create a finance package that could get you behind the wheel of your dream car.
Finance is often a major part of our customers’ car-buying journeys, so we have taken the necessary steps to offer some great packages as well as peace of mind.
Car Finance Explained
There are three main types of finance deals that you might want to consider:
Sometimes just referred to as HP, this is a loan secured against the vehicle itself. This is a great choice for people who want to spread out the cost of their car. Typical HP deals involve a deposit and the rest of the balance is paid in instalments, plus interest. Once you’ve paid your final instalment, you own the car outright.
Personal Contract Purchase (PCP)
This is a good option for those who like to change their car every few years but don’t want to fork out a big sum each time. You will typically be asked to pay a deposit followed by monthly payments. At the end of the agreed period, for example, three years, you will have the option of paying the rest of the balance, returning the vehicle, or using any residual value on a deal with your next car.
Personal Leasing (Contract Hire)
Contract Hire deals are very much like the PCP deals described above, however, you won’t have the option to buy the car outright at the end of the deal.
So, whatever your credit history, we are in a position to create the perfect finance solution for you. Get in touch with a member of our friendly team to find out what your options are.
INITIAL DISCLOSURE DOCUMENT The Financial Conduct Authority (FCA) is the independent regulator of financial services. Use this information to decide if our services are right for you Allwood Automobiles Company Limited, 928 Hertford Road, Waltham Cross, Hertfordshire EN8 7RS is authorised and regulated by the Financial Conduct Authority (our registration number is 759294 as a credit broker and is included on the Financial Services Register https://register.fca.org.uk INITIAL DISCLOSURE DOCUMENT - Consumer Credit Your Finance Options As an FCA-regulated credit broker we can introduce you to a limited number of lenders and their finance products which may have different interest rates and charges. We are not an independent financial advisor. We will provide details of products available from the lenders we work with, but no advice or recommendation will be made. You must decide whether the finance product is right for you. We do not charge you a fee for our services. Whichever lender we introduce you to, we will receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). The lenders we work with could pay commission at different rates. However, the amount of commission we receive from a lender does not have an effect on the amount you pay to that lender under your credit agreement. In identifying and assessing your requirements we may seek information about your personal circumstances. It is therefore important that you provide us with accurate and relevant information. We always aim to provide a first-class service, however, if you have any cause for complaint any enquiry can be raised by contacting us using the address and telephone number below. Should you remain dissatisfied, you have the right to ask the Financial Ombudsman Service to review your case. You should write to the Financial Ombudsman Service: Financial Ombudsman Service, Exchange Tower, London, E14 9SR. As an organisation, we are committed to treating our customers fairly, before, during and after a sale. Before the sale you can expect: To have any significant and unusual exclusions or exceptions relating to the finance agreement brought to your attention A clear statement of price, including where applicable a breakdown of any interest charges Details of your cancellation rights and our complaints procedure Copies of your finance agreement documentation or information as to when these documents will be dispatched. After the sale, you can expect: Not to encounter any barriers regarding the Right of Withdrawal from your finance agreement within regulatory agreed timeframes. To have any complaint dealt with in a timely and professional manner. If at any time you feel you have not been treated fairly by any member of our staff, please contact us by writing to Allwood Automobiles Company Limited, 928 Hertford Road, Waltham Cross, Hertfordshire EN8 7RS or by telephone on 01992 676226. CONFIDENTIALITY & DATA PROTECTION Your information will only be disclosed/provided to third parties for the purposes of providing, arranging, administering, and renewing finance contract(s) and for the purposes of monitoring and/or enforcing compliance with regulatory rules/codes. For full details of where your information will be sent and the purpose of such data transfer, please ask us