Financing Your New Vehicle
Here at Rix Motor Company in Warrington, Cheshire we have a few different vehicle finance options that work with your budget so you can get your new car with the minimum of hassle. Our team works with industry leading vehicle finance houses to get the best package to suit your pocket. Apply online NOW and get the fastest possible feedback.
Hire Purchase (HP)
Hire Purchase (HP) is the traditional way to finance a used car. HP is very similar to borrowing a sum of money from a bank and paying it back over a fixed period of time, with interest.
Hire purchase is a type of secured loan which are often preferred over unsecured loans because they allow a greater borrowing limit. The term "secured loan" means, a loan that the lender can secure against an asset, in this case, one of our used cars in Warrington, Cheshire.
Personal Contract Plan (PCP)
Personal Contract Plan (PCP) is a highly attractive and increasingly popular way to finance and then own a nearly new or used car, it combines fixed monthly (over 24-48 Months payments) with exceptional flexibility, and at the end of the term you can either buy the car at this guaranteed future value or simply give it back.
Guaranteed Asset Protection (GAP) and Retail price protection (RPP)
Two great ways to make sure you don't lose out on a big money saver, if your car is stolen and not recovered, or written-off in an accident through no fault of your own.
Choosing Retail Price Protection (RPP) Cover gives you the opportunity to bridge the gap between the insurance company valuation and purchase price of your vehicle up to a maximum payment of £10,000 for a full 3 years after the vehicle has been purchased.
Choosing Shortfall Guaranteed Asset Protection(GAP) Cover gives you the opportunity to bridge the gap between the insurance company valuation and any amount outstanding on your loan, which could enable you to get straight back into a new car of your choice.