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Finance Details

About Ancaster

Your Car... Your Finance... Your Way

Finance Made Easy

We know that buying a car is one of the most expensive purchases you will make, and we understand that choosing the best way to make motoring more affordable can be very confusing. With this in mind, we decided to make the different options available as clear as possible, so you can purchase your next vehicle with confidence! 

Each of our dealerships has a dedicated Business Manager who can talk you through the different options when you are ready to discuss finances, meaning you can work out a payment solution that is tailor made, just for you!

So, what are the options?

Personal Contract Purchase (PCP)

This is the most popular solution for financing your new or used vehicle with a flexible solution. The process begins with your Business Manager calculating the Optional Final Payment for the car you wish to purchase. This is the guaranteed value of your vehicle at the end of the agreement. Once this has been decided we will calculate your monthly payments based on the amount of deposit you have and the current offer interest rates. This means that your monthly payments will be as low as possible based on your affordability, deposit and optional final payment. PCP agreements are typically 12-48 month agreements.

The agreement has three stages - Deposit - Monthly Payments - Optional Final Payment

You may be wondering why the Final Payment is "Optional", well that's because you have 3 options at the end of the agreement!

OPTION 1

Change your car for a new one!

You can part-exchange your car at any of our dealerships, where the Sales Manager will value your car. If your car is worth more than the Optional Final Payment, you can use the difference as a deposit for your new vehicle. Plus, if you stay with the same brand you will be eligible for the loyalty offers such as extra deposit contribution!

OPTION 2

Keep the Car

If you would like to keep your car, you can just pay the Optional Final Payment. There are two options here: 
- Pay one lump sum 
- Re-finance the balance, your Business Manager will help you with this.

OPTION 3

Give The Car Back

You can simply return the car. If the car is worth more than the Optional Final Payment, the difference is yours. The mileage and condition of the car will be assessed and if you have exceeded the original agreed mileage limit or the car is in need of repairs (other than routine wear and tear), then there may be charges, as the vehicle value would have differed from the original agreement.

Hire Purchase (HP)

This method of finance means you just decide how much deposit you have and the period of time you would like to pay the loan back. During this period, the amount you borrow plus the interest are repaid by fixed monthly payments.

The interest is calculated at the beginning of the agreement and remains fixed for the length of the agreement. This means that the amount you owe isn't affected by any future changes in interest rates.

At the end of the agreement, subject to payment of a nominal option to purchase fee, you take outright ownership of the car.

Contract Hire/Personal Contract Hire

Contract Hire agreements are usually taken out by business customers as the payments are regular and VAT efficient. However, there are Personal Contract Hire solutions too. These options include a deposit which is usually 6 months of your monthly payment upfront followed by regular monthly payments over 12-60 months.

The difference between contract hire and hire purchase is that the contract is fixed and therefore you cannot come out of this early, you must pay the regular payments for the duration of the contract.

Benefits of this method are:
- Road Fund Licence (road tax) is included in your single monthly payment
- You can include maintenance packages within your monthly payment
- If you include a maintenance package, the only outgoings for the driver are insurance and fuel
- No residual value risk
- Low initial outlay
- Hire new or used vehicles

For businesses:
- You can reclaim VAT for up to 50% of your monthly payment and up to 100% on the maintenance element
- Claim Hire Rental Tax allowances
- Additional credit line
- Cash flow benefits

We value customer feedback

My experience at Ancaster Hyundai Croydon was very good because my wife and I usually hate the car buying experience. It was a refreshing change to deal with a sales advisor (Mikyle Woolford) who listened carefully to what we said we were looking for and was helpful without being pushy. Top marks!

Ancaster Nissan Shepperton were helpful because they had great knowledge of the vehicle and finance, prepared a video of the car prior to purchase and we friendly and very helpful throughout the whole process.

I would recommend Ancaster Nissan South Croydon to friends and family because the reception i had was very good and also all the staff members i dealt with were very helpful. keep up the good work. Many thanks.

I'd endorse Ancaster Nissan Slough because the salesman understood my requirements and was able to help me in our decision to buy

Ancaster Nissan South Croydon were fantastic because they were helpful and friendly. They explained all the necessary information needed to purchase my car. I had to wait a little longer for me sensors to be fitted but was compensated with a full tank of petrol for the inconvenience caused, for that I was very grateful. Overall good service.

The experience at Ancaster Nissan Penge was good due mainly to the expertise of the Sales Executive we dealt with. He was Alan Whent who was extremely efficient and courteous throughout the entire process, which due to the Covid restrictions took over 3 months. I felt very lucky to have been served by him; he is a perfect gentleman.

The experience at Ancaster Nissan Bromley was great because the team we dealt with were friendly and reliable . We felt comfortable and honored !

Ancaster Nissan Shepperton were great because I got the car I wanted & excellent service thank you especially Gary James.

Ancaster Fiat Catford were helpful because Anita and Chris gave professional and really friendly customer service from my first enquiry to vehicle sale with follow up call. Nothing was too much. Provided all the info I needed and were flexible. Would definitely recommend and they may have a customer for life (as long as vehicle choice is right) . Well done Anita and Chris!!!

Ancaster Nissan South Croydon staff were good because they managed to get me a finance in which I though I would not be able to get and very supportive in every step of the way towards the release of the vehicle.

Ancaster Nissan Eltham were helpful because they are friendly especially Mr. Desmond. Very lovely man.

Ancaster Nissan Bromley were great because the show room is very clean, well laid out to respect social distancing and all friendly and happy staff.

I would recommend Ancaster Nissan Shepperton to friends and family because they provided me with a great service. They didn’t have the car I wanted at their site but found the perfect car for me.

I'd endorse Ancaster Hyundai Croydon because the staff are very helpful and take the time to go through the best car for you

Ancaster Nissan Shepperton staff were good because they were patient and knowledgeable

My experience at Ancaster Nissan Bromley was positive in every way.

I'd endorse Ancaster Nissan Shepperton because the service was flawless.

I would recommend Ancaster Fiat Dartford to friends and family because of great service

Ancaster Nissan Shepperton were great because of how helpful the staff were and the deal I managed to get on my new car

I had a great experience at Ancaster Nissan Shepperton because all round level of service, great help.

Ancaster Fiat Catford were helpful because of their friendly, helpful service.

I would recommend Ancaster Nissan Shepperton to friends and family because I change my car every 2 years and the level of service provided by Paul was top class. He wasn't pushy and took time to explain the different models. I can 100% say it was the easiest purchase of any car I have made. Paul has phoned twice to ask how things are and if we have any questions.

Ancaster Nissan Bromley were fantastic because quick and helpful

Ancaster Nissan Eltham was very friendly. They didn’t rush you in making your mind up just went wit

Ancaster Nissan Shepperton were fantastic because good customer service

Ancaster Nissan Slough were great because I had such a great sales person - Zaman Malik - he was very helpful and informative but not pushy and took a long time helping me get used to the vehicle when I picked it up. It was a very positive experience.

I'd endorse Ancaster Nissan Slough because the staff are professional , friendly and patient. I was given time to look over the vehicle alone before the test drive, During the test drive I was allowed to concentrate on the performance and ride of the chosen vehicle without unnecessary sales chat. Thanks to Zaman Malik Sales Executive.

I was pleased with Ancaster Hyundai Croydon and would recommend them because the car, financing, service & overall transparency exceeded my expectations.

Ancaster Nissan Penge were great because the service I received from the sales manager Alan was 1st class. He listened to what my requirements were, and provided a number of options. Everything he said he would do he did. A really positive experience, which has resulted in me being a very happy customer.

I'd suggest Ancaster Nissan Penge to a friend because Alan was a pleasure to deal with. Very old school with no hard pressure sales tactics