Ravensroft aim to make the buying experience as simple as possible for all our customers. That’s why we offer services which make it much easier to walk away with the car of your dreams. Funding a purchase isn’t always simple – especially for the kinds of premium vehicles which you’ll find in our showrooms. We encourage prospective buyers to make the most of the extensive finance offers we have available. You can use any one of three different finance options to make your next purchase that little bit easier:
• PCP (personal contract purchase) – Owners pay off the depreciation of a car on a monthly basis, with a final lump sum to be paid at the end of the contract. This is often referred to as “the balloon payment”, and is often much larger than those you’ve been making on a monthly basis.
• Hire purchase (HP) – This is the most common type of finance arrangement. You place an initial deposit, before paying off the price of the car in monthly instalments. The amount of time you have to pay off the car will be decided before the contract is signed. Once this period is up, you’ll own the car outright.
• Lease purchase (LP) – Lease purchase is much the same as HP, but with the difference being there is no guarantee you can own the car outright at the end of the deal. As such, monthly payments could be smaller. This is something which can be agreed upon with the owner prior to entering a contract.