Finance Options

Whatever your budget we can help make owning your new car affordable. We are experts in offering car finance to customers across the UK. If you have had trouble getting a used car elsewhere then give us a call to see if we can help, we have flexible finance deals to suit all budgets.

Jeff White Motors work very closely with the above finance providers to offer you a range of used car finance benefits:

  • We do not charge for our broker related services.
  • We are a commission and fee-based organisation which means that we may receive a payment or other benefits from finance providers should you decide to enter into an agreement with us.
  • These fees may be variable or pre-set dependent on the product and the volume that we place with the chosen supplier. Please feel free to ask for an exact amount.
Hire Purchase finance

Hire Purchase (HP)

Hire purchase is a simple, straightforward way to spread the cost of buying a new car. It's fixed rate finance - with a fixed monthly payment.

The deposit you pay is flexible - typically between 0-50% of the vehicle cost. The remaining balance, plus fixed interest, is repaid in equal instalments over an agreed period (12-60 months).

Why Consider Hire Purchase?

  • Low deposit - keeps valuable personal or business cash available
  • VAT-free - no VAT on payments
  • Control - you decide the deposit, you decide the term
  • Fixed monthly payment - perfect for budgeting
  • Flexibility - doesn't compromise your other lines of credit
  • Assets - you gain vehicle ownership
  • Tax benefits - Tax allowances for business users

Personal Contract Purchase (PCP)

Personal Contract Purchase is highly attractive and increasingly popular. It combines low, fixed monthly payments with exceptional flexibility at the end of the agreement.

Your car's guaranteed future value is calculated (based on agreed mileage and age) and becomes deferred as a final payment (balloon).

PCP is ideal if you're opting out of a company car scheme. You use your company car allowance to fund your PCP monthly payments without paying company car tax. Either:

  • Buy the car by paying an agreed minimum residual value
  • Or, subject to mileage and condition, return the car with nothing more to pay (e.g. if depreciation resulted in negative equity)

Part-exchange the vehicle for another

Sell the vehicle privately (settling the balloon)

Personal Contract Purchase Finance

2 Minute Application

Complete our simple-to-use online form below and once submitted, we will get back to you as soon as possible.