Finance
A simple equation
+
= it's yours.
As a Platinum Black Horse Finance Dealer we
are able to offer a wide range of flexible
finance packages to suit your pocket. These
include Hire Purchase with repayments over
1- 5 years, PCP, Leasing and
Personal Loans via our Internet Funding
System.
Hire Purchase:
The traditional, but still ever popular,
funding option which gives the customer
eventual ownership of the vehicle.
A fixed cost, fixed period loan that allows
you to spread the cost of the vehicle over a
period of up to five years. The user is
effectively the owner of the asset, but
legal title to the car does not pass until
the loan is fully repaid including the final
payment which includes a nominal "option to
purchase" fee. Monthly payments cover the
capital cost plus interest and do not carry
VAT. For business users the vehicles will be
ON Balance Sheet.
Lease Purchase:
For Private individuals and companies that
want eventual ownership of the vehicle.
A funding agreement where the purchaser
acquires ownership when all the payments,
including the option to purchase fee 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
value of the vehicle at the end of the
leasing period.
Leasing:
A lease is a contract between a Lessor
(the lender) and the Lessee (the customer)
for the hire of a vehicle. The lessor
retains ownership of the vehicle while the
lessee has possession and use for payment of
specific rentals and agreed period.
Finance subject to status. Quotations
available on request
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