Auto Devotion Norwich 481-489 Hall Road Norwich, Norfolk, NR4 6ET Phone :01603 230060 E-mail: Contact@autodevotion.co.uk |
We are FSA accredited and can offer a wide range of finance products, designed to be flexible to your requirements. We have the expertise to ensure you make the right decision but several options are shown below.
Hire Purchase
Pay a deposit. (The actual amount is negotiable). All remaining costs, including interest, are met by your monthly payments. You can also choose from fixed or variable interest rates.
Contract Purchase (PCP)
Pay a deposit. (The actual amount is negotiable). All remaining costs, including interest, are met by your monthly payments. You can also choose from fixed or variable interest rates.
Operating Lease
You hire your vehicle for a fixed period. Monthly payments are calculated on the difference between the initial price of the car and its projected residual value, plus finance charges. Thus, only a proportion of your car's value is repaid, which avoids large initial outlay and allows smaller monthly payments.
At the end of the lease period, the vehicle is simply returned without additional charges (excluding any excess mileage or damage charges incurred). We carry the risk on the residual value from the proceeds of the sale.
Operating Lease
You hire your vehicle for a fixed period. Monthly payments are calculated on the difference between the initial price of the car and its projected residual value, plus finance charges. Thus, only a proportion of your car's value is repaid, which avoids large initial outlay and allows smaller monthly payments.
Hire Purchase with Balloon Payment
Pay your agreed deposit as per hire purchase. Significantly reduce your monthly repayments by choosing to make a final 'balloon' payment at the end of your contract.
Finance Lease
Your vehicle is hired to you for a fixed period without the option of ownership. Payments cover both the initial cost of the vehicle and the finance charges. At the end of the contract the vehicle must be sold to an independent 3rd party (or alternatively we can dispose of it for you), you receive the proceeds from the sale of the car, less a small fee.