That is why we work hard to ensure that we have the most competitive and easy to understand finance options available.
We can introduce you to a limited number of finance providers. We do not charge fees for our Consumer Credit services. We typically receive a payment(s) or other benefits from finance providers should you decide to enter into an agreement with them, typically either a fixed fee or a fixed percentage of the amount you borrow. The payment we receive may vary between finance providers and product types and we are happy to disclose any commission payments to you.
The payment received does not impact the finance rate offered.
All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over, guarantees and indemnities may be required.
Hindmarch & Co (Stamford) Ltd (FCA No 404495) is an Appointed Representative of Automotive Compliance Ltd, (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Hindmarch & Co (Stamford) Ltd to act as a credit broker, not as a lender, for the introduction to a limited number of lenders and to act as an agent on behalf of the insurer for insurance distribution activities only.
Hire Purchase agreements are a type of credit where once you have paid the total loan amount, you own the vehicle. During the loan term, the financer owns the vehicle. Once you repay them in full, ownership passes to you. Typically, Hire Purchase agreements have higher monthly payments because you are repaying the total car amount. With a Personal Contract Purchase, you repay only part of that amount.
Personal Contract Purchase is similar to a Hire Purchase contract but with additional flexibility since part of the cost is deferred until the end of your contract. Also known as an optional final payment (OFP), it may give you the benefit of lower monthly repayments.
At the start of the contract, we will set this optional final payment for the car, this will be based upon your chosen term and approximate annual mileage.
You select the deposit you wish to pay and then make monthly repayments based on the outstanding loan balance, less the optional final payment.