At St Ives Motors company ltd have a dedicated team of finance experts waiting to help with your enquiry. We have relationships with high street lenders and specialist motoring finance houses too, that is why we have helped hundreds of customers secure the best finance deal for their budget. Our expertise with finance means that even if you have a poor credit rating we can help arrange finance for you. Hire purchase is a simple, popular alternative to buying your new car outright. You pay an initial deposit followed by regular monthly payments for up to five years until the agreed balance is paid and the car is your to own. PCP If you'd like a newer car but want to keep your monthly payments to a minimum, a personal contract plan (PCP) might be for you. A PCP involves delaying a percentage of the total price of the car to the end of the contract. This percentage will be the "Guaranteed Minimum Future Value" (GMFV) of the vehicle. You will then pay an initial deposit and monthly instalments over a period of up to four years. At the end of the agreement, the choice is yours:
  • You can pay the GMFV, and take full ownership of the car.
  • If the car is worth more than the GMFV, you can use the difference between that amount and its true value as a deposit towards your next car.
  • If the vehicle is worth less than the GMFV, you can simply return it and start again.
Thousands of customers choose MotoNovo Finance every week to buy their next car, van or motorbike. We offer a range of relevant products and services quickly, efficiently and competitively and have been doing so for over 40 years. Click here to find out more about vehicle Finance. Car Loan advice