The most simple and straight-forward agreement is ‘hire purchase’ where you pay fixed monthly payments in order to spread the cost of purchasing a car over a number of years. The benefits of this agreement are that deposits are flexible whilst having fixed rates and payments make budgeting a whole lot easier. Terms available upon from 12 – 60 months, written quotations available on request.
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 at the end of the agreement. This means that monthly payments are much less and whether you want to settle your agreement early or at the end of the agreement it is your choice whether you want to part-exchange the car, re-finance or just pay off the balance.
PCP is similar to Lease Purchase in that the monthly payments are offset by a final payment but the difference with PCP is that this final payment is optional. At the beginning of the agreement the future value of the car is set by the finance company and at the end of the agreement you have the option to just hand back the keys rather than pay the final payment or part-exchanging for another car. PCP suits a customer who is looking to keep the same car for the duration of the finance agreement.
Whichever type of agreement you choose our aim at Romans is to provide a solution which puts you into the best possible position should you wish to change your car during the agreement or at the end of the agreement as we want to secure more business with you in the future and build long-standing relationships with all our clients.
We highly recommend speaking with our partner finance broker Elev8 Finance. Many of our customers buy cars from other dealerships and we don’t discourage it if they have the right car for you. With Elev8 Finance we can assure that you will get impartial advice and specialist knowledge when it comes to financing your car.
Not all dealerships are clued up when it comes to finance so the experts at Elev8 can make you fully aware of any small-print or terms that you should watch out for when taking out finance with another dealership. Very often Elev8 will be able to match or beat the rates your getting from the dealership so it’s always worth a conversation. Please see their website for full details.
Romans International are Authorised and Regulated by the Financial Conduct Authority. Firm Reference Number: 660610