About our Finance at Madeley Heath Motors
At Madeley Heath Motors it is possible to get both a fairly priced car and also a fairly priced finance quote, saving you the most money possible.
There are many benefits to organising your vehicle loan through Madeley Heath Motors.
Madeley Heath Motors Finance and it's Benefits
Convenience
Once you have chosen your car, we can organise your loan within 60 minutes – a true 'while you wait' financial service. Unlike personal loans or mortgages, we secure the loan on the vehicle you purchase so our acceptance rates are typically higher than high street banks.
Fixed Payments / Fixed Interest Rates
Unlike most mortgages, credit cards or some personal loans, the interest rate and the monthly payment will not change during the term of the agreement. You can feel secure in the knowledge that the payment you are quoted is the one you will pay for the finance.
Consumer Protection
All our financial agreements are Hire-purchase loans, the majority of which are regulated by the Consumer Credit Act. This means we take an active interest in your satisfaction with the vehicle you are buying. As a customer of Madeley Heath Motors, you will also have access to a choice of insurance products that will help protect your interests in the event that your car is written off or you are unable to meet your payments due to illness or redundancy.
Affordability
We have a range of financial loan products that maximise your spending power, meaning that your get more car for your money.
Marson Garages (Wolstanton) Limited is authorised and regulated by the Financial Conduct Authority (registration number 667749) and which is permitted to advise on and arrange consumer credit contracts.
How about having a payment holiday every Christmas, or when your insurance premium or road fund license is due? With Time Out, you can take a one month payment holiday each your of your agreement. This offers great benefits in terms of affordability when other bills need paying. The 'holiday payments' are paid at the end of the agreement, e.g. a 36 month agreement would run for 36 months over a 39 month term. *
The 'Rate of Interest' shown on the PCP (Personal Contract Purchase Plan) agreement, is the pure interest rate that we use to calculate the amount of Interest you are charged on the agreement, which is fixed throughout the term. This will differ from the dealer rate shown in the 'point of sale' system, as that rate is adjusted to reflect the deferred capital repayment of the final payment/Guaranteed Future Value in the agreement calculations.
Some of our agreements enjoy a two month 'pause' at the start of the agreement, giving you the chance to meet the preliminary associated costs of your car purchase, such as insurance premiums or road fund license. *
Guaranteed Asset Protection helps to provide you with the comfort of knowing that should your vehicle be written off or stolen during the life of your agreement, or in the event of a total loss, the GAP will help to cover the shortfall between your motor insurance payment and the balance of your finance agreement. This helps to ensure that you are not left with outstanding finance to pay if you are unlucky enough to have your vehicle written off by your insurer.
Significant Exclusions:
- If the insured vehicle is not covered by comprehensive motor insurance at all times.
- If the insured vehicle is a licensed private hire vehicle, daily rental vehicle or is being used for driving school tuition, courier services, road racing, rallying, pace-making, speed testing or any other competitive event.
- For any VAT element on any commercial vehicle.
- If you are offered a replacement vehicle under the terms of your motor insurance.
- Any finance or outstanding debt and resulting interest due on or carried across to your insured vehicle from previous finance agreements (if any).
* These products are all subject to eligibility criteria finance.
Q. When do I make my first finance payment?
Your first monthly payment will be due one month after you car has been delivered to you. We tailor each package for each individuals circumstances. The finance terms and conditions are different for each finance supplier, but they will be supplied to you when we apply for finance on your behalf.
Q. What are the standard finance terms and conditions?
Madeley Heath Motors utilises several finance providers to ensure each customer gets the best finance.