Telephone: 01642 710566

Finance at Stokesley Motors

At Stokesley Motors we can offer you a wide range of finance packages to suit your needs.

£0 Deposit / Hire purchase and PCP options all with fixed monthly payments.

Hire Purchase (HP)

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 (PCP)

Personal Contract Purchase agreements are a type of credit where you pay off instalments to cover part of the cost of a car. Once you have paid off the amount as set out in the agreement, you hand the car back to the owner, who is the financer. Alternatively, if you want to keep the car, you can refinance the remaining cost of it. This is called the balloon payment. It is based on the guaranteed future value (GFV) of the car.

 

Stokesley Motors is a Credit Broker and not a Lender and is authorised and regulated by the Financial Conduct Authority. FCA N0. 654775.

Stokesley Motors may receive comission from a Lender. 

Stokesley Motors Est 1956.