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Finance for Used Cars

Hire Purchase (HP)

Hire Purchase (HP) is a finance option offered by Hendy Ford.

There are many benefits to choosing Hire Purchase as your finance option:

  • Flexible deposit options, 0% deposit may be available subject to status (includes part exchange)
  • Set fixed payments to suit your budget
  • Interest rate fixed and competitive
  • Pay over chosen period 1 to 5 years
  • Available on cars up to 10 years old at start of agreement
  • No mileage restrictions
  • Protection under Consumer Credit Act
  • Quick and easy to arrange
  • Ideal if you wish to own the vehicle at the end of the agreement
  • No early settlement fees
  • You can borrow any amount from £1000 to £250000
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Please note the car will be used as security for the loan, just as a house is for a mortgage.

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Personal Contract Purchase (PCP)

There are many benefits to choosing Personal Contract Purchase (PCP) as your finance option:

  • Flexible deposit options, 0% deposit may be available subject to status (includes part exchange)
  • Lower payments mean you may be able to afford a newer car
  • Set payments to suit your budget.
  • Fixed payments
  • Interest rate fixed and competitive
  • Pay over chosen period 2 to 4 years (where applicable)
  • Available on cars up to 5 years old at start of agreement (must not exceed 85000 miles at the contract end)
  • No early settlement fees
  • You can borrow £1000 to £250000

There are three options at the end of agreement.

  • Pay off the deferred amount in full and keep the car (please note, you do not own the car until you make this final payment)
  • Hand the car back to the motor finance company
  • Trade the car in against another used car at Hendy Ford