Lookers are one of the leading car dealership groups in the UK. We offer industry leading customer service when financing a car. Whether you wish to buy a new or used car, we can provide competitive finance packages tailored to you.
Our team of trained finance experts can help with the many car finance options available. They will also provide a quote that is easy to understand and free from jargon.
There are a range of options available to help you finance your car:
One option that may be right for you is the Personal Contract Purchase (or PCP). Under this plan your car purchase is supported by one of our approved finance providers. Thereafter, it is your responsibility to make the monthly payments for the duration of the agreement. A portion of your car's value is deferred until the end of the agreement. This is called the Guaranteed Future Value. This is the minimum value that we can guarantee your vehicle will be worth. At the end of your agreement period, you have three options:
You can also opt to buy your car through hire purchase (HP). After paying an initial deposit, you pay the remainder of the car value in installments, usually over a period of between one and five years. In effect you are hiring the car until you make your final payment after which you will own it.
There is also the option of a Personal Loan, which is a common way for people to buy a car on finance. Personal loans are available from banks, building societies and finance companies. The duration of the payment of a loan can vary depending on what you agree beforehand with the loan company. Loans from banks for cars are paid off over a number of years, and will have a fixed rate of interest.
Please see our pages on each of these finance options for more detail. We also have some helpful videos which provide more information on each option. To find out more on any of these car financing options or any other ways to buy a car, please contact us today. Our finance experts can answer any questions you may have.