Financing your Cheshire Small Cars Used Car is made easy

Used Car Finance Stockport, Car Finance Broker Manchester, Hippo Car Finance Cheshire, Cheshire Small Cars Finance.

Hippo Finance is one of the North West’s leading finance brokers, when it comes to cars, Hippo certainly knows its stuff. Using many of the leading finance houses in the country, Hippo Finance expanded its capabilities, offering its brokerage services to other local car dealers and starting to offer commercial & asset finance to local businesses.

Today, as well as supplying finance facilities through many motor dealers, Hippo Finance also continues to provide the benefit of all of its considerable experience in funding to individuals and businesses across the region and beyond.

At Hippo Finance, personal service is the key. This enables us to be close to the people we are serving. Whether you are a private buyer or a business, Hippo has a wealth of experience for you to call upon.

Financial Options

Personal Contract Purchase (PCP):

Similar to Hire Purchase - with the added advantage of a guaranteed future value on the vehicle (GFV) at the end of the finance period. PCP is for private individuals who want the option of eventual ownership coupled with the security and peace of mind of the Finance Company guaranteeing the vehicles value (subject to normal wear and tear and an agreed mileage) at the end of the finance period.

• A low initial deposit is payable, followed by a fixed monthly payment for the period of the loan. At the end of the agreement the guaranteed future value (GFV) becomes relevant and there are 3 end of contract options.
• The vehicle may be owned by paying the guaranteed future value. This value is fixed at the start of the agreement and will be as stated on the original documentation.
• The car can be handed back to the Finance Company and another car chosen and funded through European Finance, subject to the vehicle meeting the conditions in the agreement.
• The vehicle may be part exchanged against a new vehicle using any equity, the difference between the cars trade in value and the guaranteed future value, as deposit.

Hire Purchase

You enter into an agreement over a fixed period at a fixed instalment. Upon payment of the final instalment the vehicle becomes yours. A balloon payment can be incorporated as can low deposits.

The Benefits of Hire Purchase:

• An alternative funding line to bank overdrafts.
• Ownership at the end of the contract
• Low initial outlay
• Flexible contract
• Interest reclaimable against tax
• Writing down allowance
• Fixed monthly cost
• Business capital not tied up in a depreciating asset

Lease Purchase

For non-VAT - registered companies and private individuals that want eventual ownership of the vehicle. A funding agreement where the company or individual acquires ownership when all payments, including the purchase payment have been made. Part of the capital cost of the vehicle payment may be deferred into a Balloon Payment at the end of the agreement, which equates to the anticipated market value of the vehicle at the end of the agreed leasing period.

The benefits of Lease Purchase:

• Fixed monthly cost
• Ownership at the end of the lease
• Flexible contract
• Balloon Payment
• Low initial outlay
• Business capital not tied up in a depreciating asset
• Finance not subject to VAT
• Interest reclaimable against tax
• Writing down allowance