Finance

At Windmill Autos Ltd we can help you with finance for your car purchase. As we are an independent family owned company we have the flexibility to deal with a wide variety of approved finance companies and source the best used car finance deal for you.

• Fixed rates, not variable
• Low rates
• Outstanding finance settled
• Negative equity settled within your deal
• Hire Purchase
• Guaranteed future value deals available
• Personal Contract Purchase
• Low or no deposit
• Deferred payments, buy now pay later

 

Finance Options Explained

Windmill autos Ltd offer two main types of finance package - "traditional" HP and Personal Contract Plan (PCP).

Traditional HP

With traditional HP you borrow the amount required to purchase a car, fixed repayments are then made over an agreed period of time. At the end of the agreed term there is no balance owed and you own the vehicle.

Personal Contract Plan

With PCP, you are offered a guaranteed future value for your new car and borrow only the difference between the cost price and this amount. At the end of the term you can pay the balance and keep the car, or return the vehicle or part exchange it for a newer one! Because of the smaller loan amount, PCP deals generally work out to have lower monthly repayment options and guaranteed future value eliminates risk of negative equity and protects against deprecation. PCP is ideal for people who like to change their vehicle regularly.

 

Representative example
EXCELLENT credit rating:

Cash Price: £11,000

Deposit: £1,000

Monthly Payment: £206.93

Term: 60 months

APR: 9.89%

Option to purchase fee: £299

Total charge for credit: £2,714.80

Total amount payable: £13,714.80

Representative example
AVERAGE credit rating:

Cash Price: £11,000

Deposit: £1,000

Monthly Payment: £216.25

Term: 60 months

APR: 11.89%

Option to purchase fee: £299

Total charge for credit: £3,274

Total amount payable: £14,274

Representative example
BAD credit rating:

Cash Price: £3,995

Deposit: £250

Monthly Payment: £124.25

Term: 48 months

APR: 29.92%

Option to purchase fee: £299

Total charge for credit: £2,518

Total amount payable: £6,513