• Finance


Looking for used car financing?

At John Philip Cars Limited we know that searching for the right car loan can be a minefield. There's so much choice out there and it's often difficult to know if you are getting the best value for money. With our in house fast track system we are able to arrange finance quickly and efficiently, normally within an hour.

To enquire about finance, first, select the vehicle of your choice, then click on the green 'Finance' button. John Philip Cars Limited works in partnership with some of the biggest names in UK motor and consumer finance and as such can offer you:

Fixed Rates - Your regular payment will not change during the course of your agreement no matter how much the Bank of England base rate fluctuates.

Low Deposit - Deposits can be as little as 0% and only the card part of a driving license is required.

Easy to Arrange - To take advantage of same-day Finance Drive Away, the ID required is UK Driving Licence (both parts, plastic card and paper, or if not held then old style), recent bank statement or credit card statement and a utility bill, debit card and credit card if available.

Traditional Finance (HP)

Traditional Finance - also know as Hire Purchase (HP) - tends to suit the buyer who intends on keeping the vehicle for longer than the term of the loan. Your deposit is deducted from the total cash price of the vehicle to give a balance that requires financing. Interest is then added and the total of the balance and interest is then repaid in equal instalments throughout the life of the loan via monthly repayments, usually over a 1, 2, 3, 4 or 5-year agreement (whichever you prefer). This is the simplest and most popular method of buying a car with finance. After you've made your final payment at the end of your agreement, the car is yours. 

Key Features:

  • Fixed repayments - At the beginning of the agreement, both the amount you will pay every month and the repayment period is fixed and will not change.
  • Fixed interest rate - Even if other interest rates go up, the interest rate on your finance repayments will not be affected.
  • Flexible payment terms - Choose the length of the repayment period to suit your budget. You can choose between 12 and 60 months, it's entirely up to you.
  • Low deposit - You can choose to either part exchange your current vehicle and use that amount as you deposit, or perhaps use some of your savings as a deposit. 

Low Payment Plans (PCP)

Low Payment Plan - also knows as Personal Contract Purchase (PCP) applies to cars under five years old with less than 50,000 miles. It's a popular and flexible method of paying for a vehicle. It is similar to Traditional Finance but the payments are usually lower because there is an optional final payment that reflects a percentage of the anticipated value of the vehicle at the end of the agreement. At the end of the agreement, you may pay the final payment, or return the vehicle to the finance company. Most customers part exchange the vehicle when making their next purchase and use the part exchange value of the vehicle to settle the final payment. Choosing to pay for your vehicle this way means you can drive a higher specification vehicle for a lower monthly payment.

Key Features:

  • Affordability - Lower monthly payments, means this is a great low budget option.
  • Fixed interest rate - Even if other interest rates go up, the interest rate on your finance repayments will not be affected.
  • Financial security - With our Guaranteed Future Value you have the security of knowing the minimum value of your car at the end of your agreement.
  • Choice - At the end of your agreement you can make the final payment and keep the car, hand it back, or trade it in. There's no need to decide what to do until then!

Finance is subject to status, terms and conditions apply. Written quotations are available on request. John Philip Cars Limited use a carefully selected panel of lenders to assist with the funding of vehicles. There are also other lenders available. John Philip Cars Limited is authorised and regulated by the Financial Conduct Authority.

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