Telephone: 01845 401062
Mobile: 07715 403387

Finance at Motors 247

At Motors 247 Ltd, whatever the price of the vehicle you’re buying, we realize that getting the right finance package to suit your budget is just as important.

That’s why we work hard to ensure that we have the most competitive and easy to understand finance options available. We offer tailored finance packages to suit your needs and budget and this can be arranged quickly and easily regardless of your credit history.

Choose Between Hire Purchase or Personal Contract Purchase

We offer the choice between two finance agreements: Hire Purchase (HP) and Personal Contract Purchase (PCP), both available with no deposit. The decision between these options depends on your specific circumstances. Here's a breakdown for your clarity:

Hire Purchase (HP)

Hire Purchase agreements involve credit where you gain ownership of the vehicle after repaying the total loan amount. While the financier holds ownership during the loan term, it transfers to you upon full repayment. Typically, HP agreements have higher monthly payments as you're repaying the entire car amount, in contrast to PCP.

Personal Contract Purchase (PCP)

Personal Contract Purchase agreements entail paying installments to cover a portion of the car's cost. Upon fulfilling the agreement's terms, you can return the car to the financier (owner). Alternatively, if you wish to keep the car, you can refinance the remaining cost – the balloon payment, based on the car's guaranteed future value (GFV).

Motors 24/7 Ltd is registered in England and Wales No 10504307 . We are a credit broker and not a lender. We offer credit products from Close Brothers.  Motors 24/7 Ltd is authorised and regulated by the Financial Conduct Authority FRN 795680. Credit is subject to age and status. 

Please note that upto 12 months interest - free 0% finance is not regulated by the Financial Conduct Authority. Any late or missed repayment may have serious consequences and your credit rating may be affected which could make it more difficult to obtain credit in the future.