If you have enough money saved up, buying your next car or van outright could be a viable option; you have the advantage of making a one-time payment with simply owning the vehicle afterwards.
When it comes to buying outright, you can pay by bank transfer (with no limit) and we accept card payments up to £500. We do not accept cash payments.
With £0 Deposit Flexible Finance Deals, we can help put you in the driving seat of your dream car. Finance is an easy and convenient way to buy a car or van, and you can tailor the monthly payments to your budget by adjusting your deposit amount and repayment term. We offer finance options in the form of both Hire Purchase and Personal Contract Purchase:
Personal Contract Purchase (PCP)
Personal Contract Purchase is a popular form of car finance that works in a similar way to a hire purchase agreement, although, with PCP, you don't automatically own the car outright at the end of the agreement. Instead, you have three options at the end of the agreement: 1. return the car 2.pay a final "balloon" payment to own the car 3.or use any equity in the car to put towards a deposit on a new car.
PCP agreements are usually between 12 to 48 months, and the monthly payments are lower than with HP. This is because you are only paying for the depreciation of the car over the agreed period rather than the full cost of the car.
Hire Purchase (HP)
Hire Purchase is a finance agreement that allows you to spread the cost of the car over an agreed period, between 12 to 60 months. With HP, you typically pay a deposit upfront (although we do offer £0 deposit options in some cases), and then pay off the remaining balance, plus interest, in monthly instalments over your agreed term.
Once you have paid off the balance, you own the car or van outright. The monthly payments are fixed, which makes budgeting easier. The interest rate on HP is usually lower than on other forms of finance, making it a cost-effective option.
Buying with Carbase
Each method has its pros and cons, so it's essential to choose the option that's best suited to your needs and circumstances. Our friendly team is here to support you in making the right decision for you and your needs.
You can also use our free finance checker to see what your monthly repayments will look like when buying on finance - without affecting your credit score.
Sub-prime finance is not guaranteed and may cost more than finance provided by a prime lender. We will try to obtain finance for you but there is no guarantee. It may be from a sub-prime lender, and if so, the cost of finance may likely be at a higher rate than prime lenders offer.
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