FINANCE OPTIONS WHEN BUYING A NEW VAUXHALL CAR

Buying a new car should be an enjoyable experience, so at Underwoods we believe in making things nice and easy by providing you with the right car at the right price. But most importantly, the way you pay for that new car is entirely up to you!

There are many ways to ‘Pay Your Way’ for your new Vauxhall car. Whether you prefer 0% Hire Purchase (HP), Personal Contract Plan (PCP) or cash buyer, we have a finance solution for you. Each has its own merits and should be carefully discussed with someone with the right knowledge and accreditation. That’s why all Underwoods Sales Advisors are FCA trained, authorised and are here to help you make the right financial decision.

So what the difference between these finance options? Here are some simple explanations and finance examples based on a Vauxhall Corsa Energy 75PS 3DR;



HIRE PURCHASE (HP) (EXAMPLE - 0% - 60 MONTHS)

Pros: No finance costs, no fixed deposit and nothing to pay at the end of term.

Cons: Slightly higher monthly payments.

There's no fixed-deposit requirement with Hire Purchase. You decide what you want to put down. Spread the remaining balance over a payment period you choose, between 24 and 60 months, and the vehicle is yours at the end of the term with no final payment. Plus Vauxhall offer 0% APR so you pay no additional finance charges. Nice and simple, that's all there is to it.

List price£13,835.0060 monthly payment£199.93
Underwoods discount£840.00
Amount of credit
£11,996.00
Underwoods price£12,995.00
Interest charges
£0.00
Customer deposit
£999.00
Total amount payable£12,995.00
APR0%
Duration of agreement60 Months


CONDITIONAL SALE (EXAMPLE - 5% APR - 60 MONTHS)​

Pros: Finance deposit contributions available. No fixed deposit.

Cons: Slightly higher monthly payments. Finance charges.

There's no fixed-deposit requirement with Conditional Sale but there may be a minimum, so you decide what you want to put down. However there are finance charges to be paid, but you benefit from Vauxhall finance deposit contributions. Spread the remaining balance over a payment period you choose, between 24 and 60 months, and the vehicle is yours at the end of the term with no final payment.

List price£13,835.0060 monthly payments
£186.30
Underwoods discount£1,140.00
Interest charges
£984.40
Underwoods price£12,695.00
Arrangement fee
£149.00
Deposit contribution£1,800.00Credit arrangement fee
£149.00
Customer deposit
£999.00
Total amount payable
£13,977.40
Amount of credit£9,896.00

APR5.0%
Duration of agreement60 Months


PERSONAL CONTRACT PURCHASE (PCP) (EXAMPLE - 5.3% APR - 48 MONTHS)

Pros: Flexible deposit, lower monthly payments (based on deposit). Finance contributions available.

Cons: You only own the vehicle if you pay a final settlement figure.

PCP finance is perfect if you like to change your vehicle regularly, and prefer not to commit to a buying choice from day one. Vauxhall provide a generous contribution to your deposit on the majority of models. Just choose your deposit and your term (24 to 48 months) and then, at the end of the term, you can part-exchange your vehicle for a new one, pay the final payment, and either keep your vehicle or return it as a final settlement.

List price£13,835.0047 monthly payments
£163.09
Underwoods discount£1,140.00
Interest charges
£1,129.25
Underwoods price£12,695.00
Optional final payment
£3,658.00
Deposit contribution£1,800.00Arrangement fee
£149.00
Customer deposit
£999.00
Credit arrangement fee
£149.00
Amount of credit£9,896.00Total amount payable
£14,122.25
Excess mileage0.09ppmMileage per annum5,000
APR5.3%
Duration of agreement48 Months


CASH BUYER

Pros: Finance with your own money. You own the car.

Cons: No finance benefits from Vauxhall such as deposit contribution or 0% APR finance

Pay for your car outright with either your own available funds or via finance from your own bank, building society or lender.

List price£13,835.00
Cash discount£2,340.00
Cash price£11,495.00


We hope this page has helped guide you to make the right decision. Still not sure? The best way it to discuss is face to face, so we encourage you to make an appointment with us so we can talk it through over a cuppa in a private office at our Vauxhall Dealerships in Essex & Suffolk.

COLCHESTER: 01206 844422 | CLACTON: 01255 222444 | TIPTREE: 01621 817781 | SUDBURY: 01787 372301