Whilst we still offer finance for our clients who are buying from Romans, Elev8 Finance has now grown into it’s own separate business. Elev8 partners with many other luxury car dealerships reaching new clients across the UK building a reputation for offering extremely competitive rates, a seamless fast service whilst ensuring their clients get the best knowledge and advice.
Our Finance Experts
- Mike McCannGeneral Manager
Our resident Geordie has been with Romans since 2013 and we believe he is the number 1 finance guy in the industry. His prior experience with some of the biggest finance companies in the world combined with his vast knowledge of the finance market Mike ensures our customers get the very best advice and unbeatable service when it comes to finance.
Dream Road Trip: Cruising from San Francisco to LA in a Mercedes 300SL Gullwing with Peter Kay.
- Sarah LovittBusiness Manager
With a career in the motor trade that spans 25 years Sarah brings lots of industry experience working alongside Mike in the finance department and has been instrumental in the growth of our sister company Elev8 Finance.
Dream Road Trip: Taking a Porsche 911 Speedster to the Italian Riviera with her daughter.
- Harry WatsonSales Support
Initially recruited to join our admin department, Harry ended up working various roles within the business showing great adaptability. It was assisting the finance department where he really excelled though and is set to be one of our rising stars.
Dream Road Trip: Driving a manual Porsche 911 GT3 Touring on Highway 1 in California with his Dad.
What Our Customers Say
The most simple and straight-forward agreement is ‘hire purchase’ where after paying the initial deposit you make fixed monthly payments evenly spread throughout the agreed term to cover the full amount borrowed plus any interest and fees. Once all of the payments have been paid the car is yours.
Lease purchase is our most popular type of finance agreement and is best suited to cars with higher values and for customers that like to change cars regularly. Similar to a hire purchase agreement with the main difference being a “balloon payment” is due at the end of the agreement as part of the value is deferred till the end in order to bring the monthly payments down. You can then choose whether to pay off the balloon, sell the car or you can always re-finance the car.
PCP is similar to a lease purchase in that it defers part of the value till the end of the agreement giving you lower monthly payments during the agreed term but the key difference being that the lender sets a “Guaranteed Future Value” (GFV). This GFV gives you the added flexibility of returning the car at the end of the agreement with nothing to pay assuming you meet the condition and mileage terms set out in the agreement.
You don’t have to be buying your next car in order to benefit from taking out a finance agreement. It is possible to take out a finance agreement on a car you already own in order to release some capital. This works well for our clients who might looking at a property purchase or an investment opportunity and initially paid cash for their car. The equity release process means we buy your car from you and sell it back to you on a funding facility that meets your needs.