What finance options are available to me?
If you prefer not to tie up valuable capital, Furness Park can offer full finance facilities at favourable terms. All packages are tailored to suit your individual financial requirements. We have many years experience in dealing with finance. Sourcing your own finance can be time consuming. We want your experience of buying your new vehicle to be stress free - so let us do the hard work for you. We are happy to discuss your individual requirements.
How does your Finance Calculator work?
Our interactive finance calculator is designed to assist clients with budgeting for their next car. Time periods and level of deposit can be adjusted to suit your own requirements, with the option of both Hire Purchase and Personal Contract Plans (PCP) available (subject to conditions).
The calculator defaults to a £1000 deposit, but if you have an idea of how much equity you have in your current car that you`re thinking of part-exchanging, try putting that figure in as a deposit to give yourself a better idea of your potential payments.
Finance can be arranged from as little as nil deposit, and equity can be released from your current car if required through cashback when financing your car through Furness Park.
The typical APR shown at the bottom of each stock page will vary according to the age of the vehicles shown, level of deposit and the time period of the quotation and is a representation based on the average of the stock on that page.
Our finance options are:
Hire Purchase (HP) or Personal Loan 
This is a simple, traditional way of funding your new vehicle. It involves fixed monthly payments over a period of between 12 and 60 months. Once all payments have been made the vehicle is yours.
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Leaves other credit requirements undisturbed as the loan is secured on the vehicle, leaving your bank free for future emergencies and opportunities.
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Fixed interest rates and monthly payments.
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Low and zero deposit deals available.
When considering your loan options it’s worth remembering that your bank and other direct lenders are not as tightly regulated as Car Loan Lenders. This gives you many advantages – for example you will benefit from a reduction on interest in the event of you wanting to settle early on a Car Loan, whereas this is very rare on a personal loan.
Personal Contract Purchase (PCP)
This type of agreement keeps your monthly payments to a minimum and gives you greater flexibility by giving you more options at the end of the deal. It is the perfect solution for private buyers and those opting out of company car schemes.
Benefits to you:
- You can change your car more regularly
- You can choose from a wider price range of car for a lower fixed monthly payment over a shorter term.
- Guaranteed future value eliminates risk of negative money equity and protects against
- depreciation.
- Flexible options at the end of the agreement to fit in with your personal circumstances.
- You have the additional option to settle the agreement early and you will be given a rebate on interest charges.
The maximum term for a PCP agreement is 36 months, and the maximum age of the vehicle is 36 months at the start of the agreement.
What are my options at the end of the agreement?
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Make the optional final payment (including the option to purchase fee) and keep your car
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Hand the car back to the finance company and pay nothing more (subject to the condition of the vehicle)
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Part exchange the car and use any difference in its value to pay the deposit on your new car
All our financial products are regulated and approved by the Financial Services Authority.
