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Buying your next car should be simple and affordable. At Eden Motor Group, we offer flexible car finance options that allow you to spread the cost of your vehicle into manageable monthly payments.
Whether you're looking for used car finance, low monthly payments, or a plan that helps you eventually own the vehicle, our team can help you find the right option for you.
Our sales experts will be able to provide you with all the details relating to the purchase options and provide you with competitive quotations. Speak to a member of the team today for further details and to discuss the perfect purchasing scheme for you.
We work with a panel of trusted lenders to offer competitive finance packages on a wide range of vehicles.
The choice is yours on how you'd like to finance your new car, but it doesn't mean you are on your own! Our team of expert salespeople across Vauxhall, Hyundai, Mazda, Peugeot, and MG can assist with any questions you have. So call us today or find your nearest dealership.
Personal Contract Purchase (PCP) is one of the most popular car finance options in the UK. It allows you to drive a car for a fixed period with lower monthly payments compared with many traditional finance agreements.
The process is simple:
At the end of the agreement, you have three options: keep the car, change it, or return it.
PCP is ideal for drivers who enjoy changing their car regularly or keeping monthly payments lower.
It may still be possible to get car finance even if your credit history isn’t perfect. Eden Motor Group works with a range of lenders who consider different financial circumstances. Our finance specialists can discuss your options and help find a solution that may work for you.
Finance decisions can often be made quickly once your application has been submitted. In many cases, approval can happen the same day, although this may depend on the lender and your individual circumstances. Our team will keep you updated throughout the process.
At the end of a PCP agreement you typically have three options. You can pay the optional final payment to own the car, part exchange the vehicle for a new one, or return it to the finance provider (subject to mileage and condition terms). Our team will explain these options so you can decide what works best for you.
You can normally settle your agreement early by asking the finance company to provide you with a settlement figure. However, the finance company will require you to pay off the difference between what your car is worth, and what you still owe and there may be a difference which is known as negative equity. On the other hand, you may find that at the end of your term your car is worth more than the Guaranteed Future Value, which means you will have some positive equity to contribute towards your next car.
Hire Purchase is a simple and straightforward finance option. It allows you to spread the cost of your vehicle across fixed monthly payments.
Unlike PCP, there is no large final payment, and once all payments have been completed, the vehicle becomes yours.
Hire Purchase is ideal for drivers who plan to keep their vehicle long term.
Unlike PCP, Hire Purchase does not include a large final balloon payment. With HP, you pay a set deposit and regular monthly payments until the car is fully yours. HP is ideal for drivers who want full ownership at the end of the agreement rather than flexibility to change cars regularly.
The short answer is yes, you can end your finance early. There are different provisions within each finance agreement that allows you to do just that. If you have got through two-thirds of the way through your finance agreement, the options to end the finance agreement early open up.
For a Hire Purchase agreement, there is an option of paying it off early through a settlement fee. A settlement fee covers the cost of any remaining unpaid instalments and interest payments remaining on the agreement. Once the settlement fee is paid, you take full ownership of the car early.
Under a Personal Contract Purchase agreement, you can also pay a settlement fee for bringing the agreement to an end early. After that, you can choose to hand the car back or you have a second option. Through a PCP agreement, you can take full ownership of the car by paying off the remaining Guaranteed Minimum Future Value also known as a balloon payment.
Yes, many lenders allow lower deposits on HP agreements, although monthly payments may be higher. Our finance team can help you calculate the best deposit and monthly payment combination to suit your budget.
Most HP agreements allow early settlement, meaning you can pay off the remaining balance before the end of the term. Some lenders may apply a small fee, so it’s important to check the terms. Our specialists can give you an exact figure if you wish to settle early.
Established in 2008, we strive to create a better world of motoring and provide our customers with an unparalleled level of customer service.
Buy your next vehicle online today from the comfort of your own sofa.
Eden Automotive Ltd/Eden Motor Retail Ltd is a credit broker not a lender. We work with a number of carefully selected lenders who may be able to offer you finance for your purchase. The lender will pay us a commission for arranging finance for you, upon request we can disclose these details to you. The lender will require a credit check and conduct an affordability assessment before making any offer of finance to you. All finance is subject to status. Terms and conditions apply.
FCA number: 305868/471208.