Finance
Northumbria Prestige are pleased to be offering car finance to help you fund your next car. We take the hassle out of car finance by arranging it all for you. We work with award winning Evolution Funding one of the leading finance providers, with over 30 different lenders on a soft search basis. This means we are able to offer competitive finance rates and tailor a finance plan to suit your needs.
We are able to offer two different types of car finance plans with Evolution Funding – Personal Contract Purchase (PCP) and Hire Purchase (HP).
Personal Contract Purchase
PCP or Personal Contract Purchase is a popular car finance option; allowing you to lower your monthly cost by deferring a large proportion of the amount of credit to a final payment at the end of agreement. This gives you the customer more flexibility and means you may be able to afford a better vehicle then initially thought. Once your PCP agreement has ended you can either pay the ballon payment or return the car to the finance provider.
Hire Purchase
HP or a Hire Purchase agreement could help you buy your next car spreading the cost over an agreed term usually 2, 3, 4 or even 5 years. To start a hire purchase agreement you generally pay a 10% deposit or in some case 0%, then pay the remaining balance over the agreed term. After you have made all the agreed instalments the car is yours.
Finance
| Product HP / ML | Cash Price £19,250.00 |
| Total Deposit £1,925.00 | Total Amount of Credit £17,325.00 |
| First Payment £361.13 | 58 Monthly Payments £361.13 |
| Final Payment £560.13 | Agreement Duration 60 months |
| Admin Fee £199.00 | Option to Purchase Fee £0.00 |
| Interest Charges £4,541.80 | Total Amount Payable £23,791.80 |
| Annual Fixed Interest Rate 4.80% | Representative APR 9.91% |
| Product HP / ML | Cash Price £19,250.00 | Total Deposit £1,925.00 | Total Amount of Credit £17,325.00 | First Payment £361.13 |
| 58 Monthly Payments £361.13 | Final Payment £560.13 | Agreement Duration 60 months | Admin Fee £199.00 | Option to Purchase Fee £0.00 |
| Interest Charges £4,541.80 | Total Amount Payable £23,791.80 | Annual Fixed Interest Rate 4.80% | Representative APR 9.91% |
| Product HP / ML | Cash Price £19,250.00 | Total Deposit £1,925.00 | Total Amount of Credit £17,325.00 | First Payment £361.13 | 58 Monthly Payments £361.13 | Final Payment £560.13 |
| Agreement Duration 60 months | Admin Fee £199.00 | Option to Purchase Fee £0.00 | Interest Charges £4,541.80 | Total Amount Payable £23,791.80 | Annual Fixed Interest Rate 4.80% | Representative APR 9.91% |
Northumbria Prestige Limited is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Northumbria Prestige Limited to act as a credit broker, not as a lender, for the introduction to a limited number of lenders. We are a credit broker and not a lender. We can introduce you to a limited number of lenders and their finance products. We are not an independent financial advisor and we act as their agent for this introduction. We may advise you on the products, subject to your personal circumstances, though you are not obliged to take our advice or recommendation. We do not charge you a fee for our services. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). For your reassurance, all of the lenders we work with could pay commission at different rates, but the commission we receive does not influence the interest rate you will pay. Our aim is to secure finance for you at the lowest interest rate you are eligible for from our panel of lenders. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.
Contact us
If you would like to find out more about the options available to you please call us or complete the form below with your query and we will get back to you.