Finance
Finance at I&K Motors
I&K Motors has been helping customers with finance since 1983, and over the years we have established our business with all reputable finance providers. We mainly deal with three of the big Finance Houses which enables us to provide an excellent choice, with a number of options available on competitive products. As all our customers have varying needs, we like to provide the right product for the individual’s personal circumstances. Packages include Hire Purchase, Personal Contract Plans (PCP), Lease Purchase and Personal Loans. Please see below details of two of our most popular finance packages. All our sales personnel are FSA compliant and are here to answer any of your finance queries.
LOW RATE HIRE PURCHASE
The traditional way of funding your new car with fixed monthly payments.
• We can supply finance on all our cars*
• Our fixed rates are available on all our vehicles
• Choose the amount of deposit you want to put down
• Fixed interest rates and monthly payments guaranteed throughout the agreement
• Spread your payments over 1-5 years
• We will settle your existing loans
• We will settle negative equity
• Buy and drive away today
*conditions apply
PERSONAL CONTRACT PURCHASE (PCP)
Afford a better and newer car every 2 or 3 years
• We’ll protect you with a guaranteed future value for your car in 2 or 3 years*
• Available on new and used cars up to 4 years old
• Fixed interest rates and monthly payments guaranteed throughout the agreement
• Ideal solution for employees and private buyers
• A deposit may be required
• You have 3 flexible options at the end of your Finance Plus agreement:
1) Trade the car in and take out another PCP
2) Pay the optional final payment and keep the car
3) Hand the car back with nothing to pay (subject to return conditions)
*conditions apply
GUARANTEED ASSET PROTECTION
Did you know that if your car was written off as the result of an accident, fire or theft, most insurance companies would only pay the current market value of the vehicle, and not what you actually paid for it?
That’s where GAP (Guaranteed Asset Protection) cover can help you.
I&K provides two different types of GAP cover both of which are optional:
• Retail Price Protection GAP will pay you the difference between the amount paid by your insurer and the amount of your original invoice price of the car, up to a maximum of £10,000 for vehicles costing less than £25,000 or £20,000 where the vehicle purchase price is over £25,000
• Financial Shortfall GAP will pay the difference between the amount paid out by your insurer and the amount still outstanding on your credit agreement, up to a maximum of £10,000
Ask any of our sales staff for details about this affordable option.
Finance Enquiry Form
Authorised and regulated by the Financial Services Authority (FSA) Registration No. 309918