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Finance Options
As part of a very successful 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.
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 |
Personal Contract Purchase
Personal Contract Purchase (PCP) is ideal for private individuals who want a hassle-free and cost effective way to finance and maintain a vehicle.
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.
There are a wide variety of funding options 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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