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FINANCE

FINANCE

Purchasing your dream car can be made very affordable with our fantastic finance packages. With a wide range of products we are sure to find the right package to suit your financial needs.

Partnered up with Santander, we are able to offer one of the best rates the pre owned vehicle market has to offer. Romans of St. Albans are authorised and regulated by the FCA (Financial Conduct Authority).

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WE ARE ABLE TO OFFER THE FOLLOWING TYPES OF FUNDING OPTIONS
HP (HIRE PURCHASE)

Hire purchase is an easy way to finance your car with a fixed interest rate and fixed monthly payments throughout your agreement. You choose the length of the agreement and amount of deposit you would like to leave, either by part exchanging your car, or putting down a cash deposit.

We will structure your agreement in house, to meet your individual requirements based on the car agreement duration your available deposit and your monthly budget. Once all of the payments have been paid the car is yours.

HP + BALLOON

HP + Balloon is similar to a HP agreement but with lower monthly repayments. A significant amount of credit is deferred to the final payment, which is also known as a balloon payment. The balloon figure is determined by forecasting the value of the car after the end of the agreement. The final payment must be paid in full.

PCP (PERSONAL CONTRACT PURCHASE)

PCP is similar to a HP agreement but with more flexibility as part of the cost is deferred until the end of the agreement. This brings down your monthly repayments. The deferred amount is known as the Guaranteed Future Value or GFV.

You have 3 options at the end of the agreement:

  • 1. Pay the GFV in full and the car is yours.
  • 2. Part exchange your car for a new one using any equity above your GFV towards a deposit.
  • 3. Simply return the car and pay nothing more. Must be in good condition and within the mileage terms..

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Note: Addresses for 3 years required Previous Address (if present less than 3 years)