Finance at Fish Brothers

Finance Products

Whether it’s a brand new or fully approved used car you a looking to for, we can help. We have partnered with different finance providers to bring you great value packages across our products, making buying and maintaining your vehicle as easy and affordable as possible. We have outlined the details of different finance packages below, as well as provided some useful video, but please do get in contact if there is anything you are unsure about. You can also find our current finance offers here.


Hire Purchase

This finance method allows you to spread the cost of your vehicle over an agreed term, allowing you work to a monthly budget. Once all the payments are made, ownership of the car will transfer over to you with no additional fees.

Benefits

• Fixed monthly payments
• Variable deposit
• Complete ownership when agreement finishes
• No large final payment
• Great for budgeting

How it works

Car HP FCA

Once you have decided on your next vehicle, you will then need to determine how much your monthly payment will be. This is calculated using the amount of deposit you would like to put down and how long you’d like the agreement to last. Once this is all agreed and all contracted payments have been made, the vehicle will be yours.


Personal Contract Hire

Also known as PCP, Personal Contract Hire is becoming a very popular alternative to the Hire Purchase method. It’s an affordable and low risk way to finance your vehicle, where a Guaranteed Future Value (GFV) or Optional Final Payment is set based on an agreement term and expected mileage, which then protects the future value of your vehicle. You then have three options when the agreement comes to an end, upgrade, keep or return the vehicle.

Benefits

• Fixed low monthly payments
• Flexibility and choice come the end of your agreement
• Protection on vehicle value

Car PCP FCA

How it works

Once you have picked out your next vehicle, we agree on an initial deposit amount, expected annual mileage and the term of your agreement. Monthly payments will then be based on the difference between the value of the vehicle (minus the deposit) and the GFV, which likely means the monthly payments will be lower than using Hire Purchase. Come the end of your agreement you have three choices, upgrade, keep or return. When you upgrade you can part-exchange your vehicle for another, and the new agreement will commence. If you decide to keep your vehicle, all your monthly payments must be up to date, then all you have to do if pay the GFV. Finally, you can just return your vehicle with nothing further to pay, as long as all monthly payments are up to date, maximum mileage isn’t exceeded and fair wear and tear conditions are met.


Take control of your car finance with the RTI cover we offer.

With RTI insurance you can fetch the entire amount of loss that you have incurred. RTI cover can also help to protect the purchase price of your vehicle and offer financial protection that you need.


What if?

Your car is declared a write-off due to an accident, fire or theft?

Cars depreciate as they age and your insurer will probably only pay out the current market value leaving you seriously out of pocket. This is a scenario faced by many motorists today. The shortfall could be a significant sum depending on the rate of depreciation of your vehicle.

Who will protect you against this financial loss?

Who will ensure you get back to the amount you originally paid for the car?

For peace of mind and for the protection, consider the cover RTI can offer.

How RTI works

Let’s say you paid £18,500 for your car and it is unfortunately stolen and not recovered. The motor insurance provider then declares it a total loss and they value your car at £12,000 using current market conditions. The RTI insurance may payout £6,500 to ensure you receive the total originally paid for your car - it’s as simple as that!

Significant benefits

  • Designed to protect the purchase price of your vehicle for up to 36 or 48 months.
  • Provides financial protection if you have paid for your vehicle outright.
  • May pay the difference between the amount paid out by the motor insurance provider and the invoice price of the vehicle.
  • Meets the ABI code of practice.
  • Transferable.
  • Cancellable.

GAP/RTI (Return to invoice) insurance pricing

 

Cover 0 - 10k 10 - 20k 20 - 30k 30k+
3 Years Cover £299 £359 £379 £499
4 Years Cover £399 £469 £499 £599

To know more about the RTI Insurance we offer, contact us at Fish Brothers in Swindon.

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