Gordon Lamb » Finance » Options
Which method of finance is right for you?
Gordon Lamb offer numerous finance options for you whether you are a private buyer or business. We often have 0% APR typical finance deals on new cars or alternatively, where 0% finance isn't available, we can offer a very competitive finance quote, most with low rate APRs. For a competitive quotation contact us
Hire Purchase
HP finance offers a flexible approach. You tell us your deposit (we can take your current car as deposit) and how long you want to take an agreement over and we can give you a monthly figure. At the end of the agreement you own your car. HP is most suited to people who want long term ownership of a vehicle. Alternatively, tell us what you'd like to keep your monthly payments to and we can advise you on amount of deposit and length of term.>
Personal Contract Purchase Finance (PCP Finance).
Suited to people who regularly change their car or van - available on all new & some used cars & vans. PCP Finance has a flexible deposit (subject to maximum deposit), flexible repayment periods - usually between 2 and 3 years, with a final, optional, settlement figure (guaranteed future value) which is calculated at the time of purchase. At the end of the term you have 3 choices - either pay the settlement figure and take ownership of the vehicle outright, hand the vehicle back and walk away, or, more commonly, part exchange the vehicle to upgrade for a different one. Mileage restrictions will apply and excess mileage is charged.
Personal Contract Hire Finance
Designed for people who are leaving Company car schemes. This option offers a way to budget for servicing, unforeseen repairs, replacement tyres, in one monthly payment with no disposal or depreciation worries.
Lease Purchase
Mainly used by business users, this type of finance has the benefit of flexible deposit and repayment periods, with a flexible % of the purchase price being deferred to the end of the term. At the end of the finance agreement are 2 options; either pay the settlement figure to take ownership of the vehicle, or part exchange the vehicle and upgrade to a new one.
Finance Lease
Offers accelerated tax benefits, with ownership of equity - another option suitable for business users as detailed above, plus up to 100%* VAT content being reclaimable (*50% if vehicle is also used for private mileage). Up to 100%* of rental can also be offset for business use (*dependant on cash price).
Contract Hire Finance Plan
Another option for Business Users, with flexible deposit & repayment periods, and an optional maintenance package. Up to 100% rental can be offset against business use (dependant on cash price), and up to 100% VAT content is reclaimable (50% if vehicle is also used for private mileage) - the main advantage is that there are no disposal worries at the end of the finance term.
Also available for Business Users...
Variable Rate Agreements and Balance Payment Agreements.
All our finance is subject to status, acceptance, and terms & conditions will apply. 0% Finance Offers, Low Rate Finance, and other finance special offers may also be subject to other conditions. We are able to offer you a suite of products to protect you and your vehicle which will be discussed at the time of taking your vehicle order.
