New Car Finance
If you are seeking a great finance deal for your new car then Netcars are here to help. As the UK's leading new car finance broker we search a large panel of lenders to obtain the best rates available on the market. We have fantastic working relationships with all of our finance lenders therefore we have dedicated teams to handle our deals, hence a quicker and more efficient service for you!
Netcars experienced advisors will locate your desired new car with large discounts from manufacturers and other trade organizations and no deposit is required to obtain finance. If you have a part exchange we will give you an excellent bid no matter what the age or condition of your vehicle.
Once we have agreed on a vehicle to suit your budget you will agree repayments with your designated finance representative at netcars. When figures have been agreed the car finance documents will be posted out for you to sign and send back to us. Once the deal has completed you’ll be able to come and collect your vehicle from our modern hand over centre in Manchester or get your new car delivered to your door.
All circumstances are considered so if you have a poor credit rating do not worry. We'll try our utmost to source a lender that is willing to lend the desired funds. Rates vary from 7.9% to 36.9% and your credit score will determine what rate you get.
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Payment protection insurance and GAP insurance
At netcars we offer 2 optional insurances. Payment protection insurance and GAP insurance! Payment protection offers peace of mind and covers your car finance repayments for a small supplement on top of your monthly finance payments if you find yourself: unable to work due to illness, an accident at work, being made redundant or at worst, loss of life!
GAP insurance (Guaranteed Asset Protection) covers the shortfall left between the outstanding finance and your car insurance payout in the unfortunate event of your car been written off or stolen. So if your new car is stolen or involved in a major accident and is written off by your insurance company they will only payout on the retail value leaving a GAP between the amount owed on your finance agreement. The GAP insurance will then pay you the difference, simple!
Personal Contract Purchase
If you are looking to finance a new car you will most likely be paying for it over a period of time, and not just paying for the whole car immediately. In this case you will be taking out a new car finance contract known as a Personal Contract Purchase and therefore we have prepared the following explanation:
Personal Contract Purchase Explained
A Personal Contract Purchase, also known as PCP for short, is a method of leasing a car by means of an initial deposit and regular monthly payments. Usually lasting about two to three years, when the set time limit is up the person who took out the personal contract purchase can do one of three things:
Sell the car privately and pay off the minimum guaranteed future value. Any excess after paying this off can be kept.
Return the car to the dealer, again the car is sold, the minimum guaranteed future value is paid off and any excess goes towards the deposit on another car you want to take out a Personal Contract Purchase on.
Keep the car, paying off the minimum guaranteed future value.
A personal contract purchase costs less than a hire purchase in monthly terms, but you do not own the car at the end of the agreement unless you find funds for paying off the minimum guaranteed future value.
Apply with netcars today for your used car finance!
