We know that purchasing a vehicle is a big investment for most people and we’re dedicated to making the buying process as straightforward and hassle-free for our customers as possible. We can help you create a finance package that could get you behind the wheel of your dream car.
Finance is often a major part of our customers’ car-buying journeys, so we have taken the necessary steps to offer some great packages as well as peace of mind. As a Financial Conduct Authority (FCA) registered dealership, we have developed relationships with a wide range of lenders nationwide for your convenience.
Car Finance Explained
There are three main types of finance deals that you might want to consider:
Hire Purchase
Sometimes just referred to as HP, this is a loan secured against the vehicle itself. This is a great choice for people who want to spread out the cost of their car. Typical HP deals involve a deposit and the rest of the balance is paid in instalments, plus interest. Once you’ve paid your final instalment, you own the car outright.
Personal Contract Purchase (PCP)
This is a good option for those who like to change their car every few years but don’t want to fork out a big sum each time. You will typically be asked to pay a deposit followed by monthly payments. At the end of the agreed period, for example, three years, you will have the option of paying the rest of the balance, returning the vehicle or using any residual value on a deal with your next car.
Personal Leasing (Contract Hire)
Contract Hire deals are very much like the PCP deals described above, however, you won’t have the option to buy the car outright at the end of the deal.
So, whatever your credit history, we are in a position to create the perfect finance solution for you. Get in touch with a member of our friendly team to find out what your options are.
- Why Finance Through a Dealership?
- What is Hire Purchase?
- What is Personal Contract Purchase?
Traxler’s Auto Ltd is authorised and regulated by the Financial Conduct Authority (FCA No 929938). Finance is subject to status and income, Applicants must be 18 or over. Terms and Conditions apply. We act as a credit broker, not as a lender, for the introduction to a limited number of finance providers from whom we may be paid a commission for effecting the introduction. Registered office: 22 Amphione Place Rosalind Drive, Maidstone, Kent ME14 2FN.
We receive payment from the credit provider for introducing you to them. The amount we receive could vary by the credit provider and may be a higher amount in relation to certain products compared with other products available. The payment received may also be higher depending on the interest rate you are charged and this can also be affected by the term and product you receive. Typically commission received is a fixed fee or a percentage of the amount you borrow. We will not charge you any fee for our services. Typically commission received is a fixed fee or a percentage of the amount you borrow. We will not charge you any fee for our services.
Commission Disclosure for Regulated Clients
Financial Conduct Authority (FCA)
The Financial Conduct Authority (FCA) expects any intermediary to disclose to the customer that a commission may be payable by the owner or creditor to the intermediary, and, if the customer asks, the amount of that commission. The Financial Conduct Authority has made it clear that "commission" means any financial consideration.
Spidersnet