Finance

Finance your new car with New Chapel Car Company Ltd 

We aim to make the purchase of your new car as seamless and straightforward as possible but above all affordable.

At New Chapel Car Company we have a select panel of lenders who can offer you competitive finance options to suit your individual needs.   We are happy to discuss these options in detail with you.  Alternatively, our on line application process is quick and simple and our finance partners will take care of the rest for you.

Our finance providers have a panel of lenders to suit all circumstances, so even if you have a lower credit score or trouble obtaining finance in the past, we may still be able to assist.

What is Hire Purchase?  

Hire Purchase (HP) is the preferred finance agreement for those wishing to own a vehicle for the long term without mileage restrictions or large final balloon payments.   

A Hire Purchase agreement can is used to help with the costs of your new car and It is based upon a fixed monthly payment over an agreed term.  This provides you with peace of mind and a structured monthly instalment allowing you to conveniently budget your car repayments.

 An initial deposit, often as little as 10% is required.   Once your deposit has been agreed, this dictates the remaining balance owned to the finance provider.  This is equally split into monthly payments for the agreed term plus interest at a fixed rate. 

The length of the contract is flexible to suit your needs and is usually 36-60months in duration (3-5yrs)

However it is worth noting that the larger deposit you place, the less you will pay back each month.

After the final payment and option to purchase admin fee you become the legal owner.  

If however you do not think an HP agreement is for you, there are other options such as a Personal Contract Purchase ( PCP) that may suit if you are looking for other options at the end of the term including returning the vehicle. 

Whatever your finance need we are sure to have the right option for you.