FINANCE
The way you finance your car, is a very important part of the buying process, as it can have an impact on making your money go further and choosing the right Renault for you.
The various vehicle finance options available can be a very
complicated subject to understand, but our Sales Executives will always take the time to explain all the options open to you and advise on the right one to suit your personal requirements. The following information has been provided for your assistance.
Renault Selections / Personal Contract Plan (PCP)
This is the flexible way to drive a new Renault, it is a tried and tested means for financing your car. We give you a guarantee of the minimum your Renault will be worth at the end of your finance agreement, known as the minimum future value, which represents the Optional Final Payment.
During your Selections agreement, your monthly payments are calculated on the difference between the price of your Renault, less your deposit and the Optional Final Payment, plus any interest.
AT THE START OF YOUR AGREEMENT YOU WILL CHOOSE:
- How much you want to pay a month
- How much deposit you wish to pay
- The length of your agreement term
- The annual mileage you will drive
AT THE END OF THE AGREEMENT YOU CAN:
- Drive away a new Renault*
- Or return your Renault^
- Or pay the Optional Final Payment and keep your car
Hire Purchase
Is the way to finance your car if you wish to retain the ownership of your vehicle. Are unsure of how long you wish to keep it, and would like to spread your payments into easy to manage monthly instalments.
With Hire Purchase you know what you will pay and when, as this is set-up when you purchase the car and does not change through out your agreement.
- Fixed Initial Outlay
You can choose to pay any amount from as little as £99 as your initial deposit.
- Fixed Repayments
The amount you pay and the repayment period are fixed at the beginning of your agreement and will not change.
- Fixed Interest
Even if interest rates go up, the rate on your finance repayments will not be affected.
- Flexible Payment Terms
You choose the length of repayment period between 1 and 5 years, to suit your budget and what you are comfortable with.
* Subject to status, ^ Subject to return conditions
Protect your payments and your car
With life’s uncertainties, it is advisable to be prepared for the unexpected. Please ask for details on our insurance products that will protect your finance, should you find yourself unable to work through accident, sickness, unemployment or bankruptcy.
There are also two ways to make sure you don’t lose out if your car is stolen and not recovered or written-off in an accident. Both Return to Purchase Price Cover and Balance Protection Cover can protect you from losing out against a lower insurance company valuation of your vehicle.