FINANCE & INSURANCE AT WESTAWAY MOTORS
Westaway offers a full selection of car finance packages in Northampton
Buying a car can be a significant expense, but it doesn’t have to be. If you’re looking for car finance in Northamptonshire, there are plenty of options to help you manage costs. Financing allows you to purchase a used car without paying the full amount upfront. Our qualified sales advisors are ready to guide you through various financing solutions, including attractive used car finance deals. This page outlines the options available when purchasing your vehicle from us. Explore your financing choices today and drive away in your dream car with confidence!
Hire Purchase / Lease Purchase
Is an option for both individuals and companies that want eventual ownership of the vehicle. A funding agreement is where the individual or company acquires ownership once all the payments have been made. Part of the capital cost of the vehicle may be deferred into a ‘balloon’ payment at the end of the agreement. As with Finance Lease, the customer assumes the residual risk.
Personal Contract Purchase / Personal Contract Hire
Is a popular choice for VAT-registered companies that want minimum outlay and maximum control of costs, especially when the maintenance and relief vehicle options are included. With this VAT-beneficial financing package, one regular rental payment covers all risks including depreciation and disposal for an agreed period of time and mileage. A road fund license is included and roadside rescue, maintenance, and relief vehicle provisions are options that can be added and charged to the rental payment.
Contract Hire
Is a popular choice for VAT-registered companies that want minimum outlay and maximum control of costs, especially when the maintenance and relief vehicle options are included. With this VAT-beneficial financing package, one regular rental payment covers all risks including depreciation and disposal for an agreed period of time and mileage. A road fund license is included and roadside rescue, maintenance, and relief vehicle provisions are options that can be added and charged to the rental payment.
Contract Purchase
For companies who would like the option to purchase their vehicles, but don’t want any depreciation risks. The customer acquires the vehicle by paying fixed monthly installments and a final balloon payment. We guarantee the minimum future value of the vehicle will equal the final payment. Therefore simply hand the vehicle back or pay the balloon payment to retain ownership.
Finance Lease
Ideal for VAT-registered companies who want to handle the administration of their vehicles and have the asset shown on their balance sheet. A VAT-beneficial finance option where the hirer can choose to pay the entire cost over the agreed lease period or pay lower monthly rentals with a final balloon payment based on the anticipated resale value of the vehicle. Unlike Contract Purchase the customer assumes the residual value risk.