Finance

What is Personal Contract Purchase?

PCP is a finance product that is designed to reduce your monthly payments by delaying part of the repayment to the end of the agreement. The Deposit, Monthly Payment and Deferred Final Payment can all be adjusted to meet your needs. The final payment can be referred to as Guaranteed Minimum Future Value or Residual Value or sometimes a Balloon. This figure is worked out using industry data and estimated value at the end of the agreement. The final payment is guaranteed by the finance company. You can put the resale value of the car towards getting another vehicle.

For more information give us a call on 01646 651255

What is Conditional Sale?

CS is a finance product that allows you to budget accurately by giving you a fixed interest rate and fixed monthly payments. The deposit and length of contract can be easily adjusted to give you a affordable monthly payment. The vehicle acts as security for the finance arrangement. When the finance has been fully paid off you will own the vehicle.

For more information give us a call on 01646 651255

W P Lewis and Son are an Appointed Representative of ITC Compliance Limited which is Authorised and Regulated by the Financial Conduct Authority (http://www.itccompliance.co.uk/)
W P Lewis and Son are acting as a credit broker and not a lender. Reg Office:  1&2 Merlin's Court, Winch Lane, Haverfordwest, CA61 1SB, Reg. Company Number: 04140028, VAT Reg. No. 122028717