Car Finance by Buckingham Ford
Why do our customers decide to use our finance options when it comes to purchasing their car?
- Competitive rates and unique packages
- Convenient, one-stop shop
- Instant decision capability
- No need to wait for cleared funds
- Quicker delivery of car
- No tedious form completion
- Frees up credit line with bank
Not only can it speed things along, it is often more straight forward than dealing with your bank or online, decisions are often immediate and the rates of interest competitive.
On new Fords there is often a subsidised rate of interest from Ford and sometimes they will give you an amount towards a deposit, to help lower your monthly payment.
Our other chosen finance company is Black Horse Motor Finance, an arm of Lloyds Bank. The table and examples below are taken from their used car lending facility, and are only here as a guide, as all finance is subject to status, terms and conditions apply.
Examples APRs:
Loan Period | 24 months | 36 months | 48 months | 60 months |
---|---|---|---|---|
£10,000 | £455.98 | £314.59 | £243.90 | £201.48 |
Apr | 10.90% | 9.70% | 9.00% | 8.60% |
£7,500 | £344 | £237.33 | £184 | £151.57 |
Apr | 12.10% | 10.40% | 9.60% | 9.10% |
£5,000
£232.02 |
£159.51 |
£122.91 |
£101.21 |
|
Apr
14.40% |
12.00% |
10.80% |
10.10% |
|
Used car representative finance examples:
Cash Price | £10,000 |
---|---|
Deposit | NIL |
Amount Of Credit | £10,000 |
Purchase Fee | £10 |
Credit Facility Fee | £360.00 |
Total Amount Payable | £12,278.80 |
Initial Payment | £201.48 |
46 Monthly Payments | £201.48 |
Final Payment | £391.48 |
Duration of Agreement | 60 months |
Representative APR | 8.60% |
Cash Price | £5,000 |
---|---|
Deposit | £5,000 |
Amount Of Credit | £5,000 |
Purchase Fee | £10 |
Credit Facility Fee | £360.00 |
Total Amount Payable | £6,146.77 |
Initial Payment | £180.00 |
46 Monthly Payments | £122.91 |
Final Payment | £312.91 |
Duration of Agreement | 48 months |
Representative APR | 10.80% |