Financing a car can be a confusing prospect. As an FCA regulated dealership, you can rely on us to explain all of the jargon and run through all of the options so you feel confident in making the right choice.
With our great part exchange offers and finance packages, you can rely on Prestige Cars Kent to put you in the car of your dreams.
Using finance to purchase a car opens up more opportunity, and around half of our customers already take advantage of it. Our goal is to find a finance package that suits you and your car.
On a daily basis we deal with a range of finance companies, and with almost 200 cars in stock at any one time, our in-house team has significant experience in placing a finance application for a successful result.
Our Business Managers will always work firmly towards your personal budget and are proud to frequently help customers save money.
Having great relationships with finance companies means we receive privileged access to some of the best rates and can find a bespoke solution to suit your individual needs. In fact, we can often deliver a decision within 60 minutes!
Our Business Managers have a strong finance-based background gained at a variety of dealerships and finance companies. Their experienced has helped develop valuable relationships with various finance companies.
Having great relationships with each and every finance company we use, what Mark doesn't know about car finance really isn't worth knowing!
Call Mark on 01689 660 603. He will be happy to help with any questions you may have about car finance.
There are three main types of finance that we’ve introduced below. Don’t worry, we’ll explain the options and process in straightforward terms.
Commonly called a PCP, a Personal Contract Purchase agreement or ‘PCP’ is a finance product designed to help reduce monthly payments by delaying part of the repayment until the end of the agreement. This final payment is often referred to as the GMFV or Guaranteed Minimum Future Value and is guaranteed by the finance lender. This figure is calculated using industry data and determines the likely value of your vehicle at the end of the finance agreement, in line with the term and estimated annual mileage. The GMFV will offer you additional protection in the future should car values drop in the used car market.
Hire Purchase - or ‘HP’ for short - is a finance product that allows you to budget accurately by giving you a fixed interest rate and fixed monthly payments. After paying a relatively low deposit, you hire your car and will pay off the entire value of the car in monthly instalments. It’s one of the simplest forms of finance you can choose, because there are no restrictions on your mileage.
Like other dealerships, we are a credit broker and not a lender. Our team can introduce you to a limited number of lenders and their finance products which may have different interest rates and charges. We are not an independent financial advisor. We may advise you on the products, subject to your personal circumstances, though you are not obliged to take our advice or recommendation.
We do not charge you a fee for our services. Whichever lender we introduce you to, we will typically receive commission from them (at a fixed percentage of the amount you borrow).The lenders we work with could pay commission at different rates. However, the amount of commission that we receive from a lender does not have an effect on the amount that you pay to that lender under your credit agreement.