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Finance: Contract Purchase
You have the flexibility of keeping the vehicle, returning it or extending the term.
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Key Features |
Contract Purchase |
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- A final payment (called the Guaranteed Future Value) is agreed based upon your anticipated mileage during the term. Both this amount and your deposit can reduce your monthly payments
- At the end of the contract you have three choices:
- Make the final payment and keep the vehicle
- It may be possible to extend the agreement period by spreading the cost of the final payment over a further agreed period
- Instead of making the final payment, return the vehicle without further obligation (subject to excess mileage or damage charges)
- It may also be possible to part-exchange your vehicle for a brand new one
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Key Benefits |
Contract Purchase |
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- Reduced monthly payments
- You can choose to keep the vehicle, extend the contract or return the vehicle
- Available for new and used cars up to seven years old at the end of the contract
- Repayments in advance or arrears
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For more information and expert advice, telephone Pam Tait, Marlborough West London's Business Manager on 08448 152486
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Authorised and regulated by the Financial Services Authority for the purpose of insurance mediation activity. |
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