Complete Financial Services to suit your needs
Here at Henson Motor Group we can always find a way to make your car affordable. Simply tell us what payments you can manage each week or month and we’ll explain all the available options.
Our staff are fully trained and tested via IComply and SAF approved to ensure the best service is provided to our customers.
To get started simply fill in our Finance Application and we’ll be able to quickly and accurately get back to you with a decision. If you’re short on time simply fill in our 30 second Application and we’ll call you when you have more time to go through the rest with you.
30 Second Application Form
Here at Henson Motor Group we have several different options available for you to finance your new vehicle. Everything from Hire Purchase to Personal Contract Purchase, together with Lease Purchase and Motor Loans. This is all arranged at our showroom and can be completed in as little as 1 hour – meaning you could be driving away the same day.
Please give us a call on 0191 266 8686 if you would like to discuss your options in more detail or feel free to call into our showroom at any time and a member of our team will be more than happy to help you.
Why finance through a dealership?
HP Hire Purchase is a hiring agreement between the customer and finance company secured against the vehicle. The customer has the option to own the vehicle at the end of the agreement, subject to payment of the option to purchase fee.
PCP Personal Contract Purchase is in essence a purchase agreement. However a predicted minimum future value (balloon payment) is off set until the end of the agreement this is called Optional Final Payment (OFP). At the end of the PCP term, the customer has three options; 1) to keep the vehicle after paying the OFP, 2) hand back to finance the finance company or 3) part exchange for another vehicle. PCP is subject to agreed mileage at the end of the term where excess charges apply. Please ensure the mileage band meets your needs.
LP Lease purchase is a form of conditional sale agreement, which means that the regular payments are similar to a lease/rental agreement but you will own the car at the end of the deal. The deferred sum will be determined by the age and mileage of the car at the end of the agreement. The difference between a lease purchase and a PCP agreement is that the deferred sum (referred to as a Guaranteed Minimum Future Value
CS Conditional Sale is very similar to the hire purchase, the key difference is that the customer will own the vehicle outright at the end of the agreement. There is no option to purchase fee to be paid.
PL A Personal Loan is normally a loan at a fixed cost for a fixed period of time to purchase any item the customer wants, which can be for many things including the purchase of a vehicle. This is not secured on the item purchased.