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Finance Options
As part of a very successful vehicle finance house (Sinclair Finance & Leasing), Sinclair Direct are able to offer competitive finance quotes upon request and will tailor-make a package to suit your funding requirements. Exclusive to Sinclair Direct is our Credit Crunching Ricochet Finance package - tailored to satisfy your needs at a low cost.
Ricochet Finance
Ricochet Finance - Exclusive to Sinclair Direct is ideal for private individuals who want a hassle-free and cost effective way to finance and even maintain a vehicle (optional)
By linking the estimated final value of the vehicle to the monthly rentals, the payments become far more affordable allowing the purchaser to acquire a better quality car for the same budget. The purchaser does however have the opportunity to return the vehicle at the end of the contract to cover the final payment or part exchange for their next vehicle. The added peace of mind with Ricochet finance is that the end value of the vehicle is known before the contract is signed (Mileage Terms and Conditions do apply) - for more information contact us
Hire Purchase or Lease Purchase
hire purchase is most commonly adopted by individuals when ownership of a vehicle is of value.
hire purchase is the most traditional method of financing a vehicle with the vehicle becoming the property of the lessee at the end of the period. An initial deposit is paid and the remaining balance is settled by equal monthly payments over the agreed period. The deposit and repayment periods can be adjusted to suit the budgetary requirements of the customer. The table below indicates some typical hire purchase examples
TYPICAL11.9% APR
Period in Months
|
Advance |
24 |
36 |
48 |
60 |
|
£3,000 |
£140.00 |
£98.33 |
£77.50 |
£65.00 |
|
£4,000 |
£186.67 |
£131.11 |
£103.33 |
£86.67 |
|
£5,000 |
£233.33 |
£163.89 |
£129.17 |
£108.33 |
|
£6,000 |
£280.00 |
£196.67 |
£155.00 |
£130.00 |
|
£7,000 |
£326.67 |
£229.44 |
£180.83 |
£151.67 |
|
£8,000 |
£373.33 |
£262.22 |
£206.67 |
£173.33 |
|
£9,000 |
£420.00 |
£295.00 |
£232.50 |
£195.00 |
|
£10,000 |
£466.67 |
£327.78 |
£258.33 |
£216.67 |
|
£15,000 |
£700.00 |
£491.67 |
£387.50 |
£325.00 |
|
£20,000 |
£933.33 |
£655.56 |
£516.67 |
£433.33 |
There are a wide variety of vehicle funding options other than the above mentioned ricochet finance and hire purchase, which are available for our customers and it can get confusing when trying to choose the right option. If you are in need of any assistance please feel free to Contact Us for more information or alternatively visit the website of our finance house at www.sinclair-fl.co.uk.
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Monday - Friday
9am - 6pm
Saturday
9am - 5pm
Sunday
11am - 4pm
