Used Car Finance Options
In Darlington, County Durham
At Tees Valley Motors, we are committed to making car ownership affordable and accessible for all. As a trusted garage and car dealer in Darlington, County Durham, we offer a range of car finance options tailored to suit your individual needs and budget. Whether you’re purchasing a new or used car, our finance packages are designed to provide flexibility, transparency, and peace of mind, ensuring you can drive away in the vehicle you want without financial stress.
Car Finance Made Simple
Navigating car finance doesn’t have to be complicated. At Tees Valley Motors, we work with a limited number of trusted finance providers, offering you competitive and straightforward options to fund your next car purchase. Our expert team will guide you through the process, explaining your options clearly so you can make an informed decision.
Whether you’re looking for hire purchase (HP) or a personal contract plan (PCP), we’ll help you choose the right agreement to suit your circumstances, ensuring manageable monthly payments and terms that fit your budget.
Transparent Commission Structure
As part of our commitment to honesty and transparency, we want you to know how our finance arrangements work. When we introduce you to a lender, they may pay us a commission for the referral, typically calculated as a percentage of the amount you borrow. Different lenders may offer varying commission rates, and some may also provide additional financial support for training or marketing purposes.
However, it’s important to note that any commission or financial support we receive does not affect the amount you pay under your finance agreement. The terms, rates, and payments for your car finance are determined solely by the lender, ensuring a fair and unbiased process.
Why Choose Tees Valley Motors for Car Finance?
- Flexible Options: We work with a select group of lenders to provide finance packages that cater to a variety of budgets and circumstances.
- Transparent Process: We are upfront about how our finance arrangements work, ensuring you can trust our advice and recommendations.
- Expert Guidance: Our friendly, knowledgeable team is here to answer your questions and help you find the best finance option for your needs.
- No Hidden Costs: Any commissions we receive from lenders do not impact the costs or terms of your finance agreement.
- Local Expertise: As a family-run business in Darlington, we are proud to serve the County Durham community with honest and reliable car finance solutions.
How to Apply for Car Finance at Tees Valley Motors
- Browse Our Stock: Choose from our wide selection of new Subaru, Isuzu, and KGM models, or explore our range of quality used cars.
- Discuss Your Options: Speak with our finance specialists to understand the available packages and determine the best fit for your needs.
- Apply for Finance: Complete a simple application process, and we’ll handle the rest, working with our lenders to secure the best terms for you.
- Drive Away: Once your finance agreement is approved, you can collect your car and start enjoying your new vehicle.
Contact Tees Valley Motors for Car Finance Solutions
If you’re looking for affordable car finance options in Darlington, County Durham, trust the team at Tees Valley Motors to provide a hassle-free experience. Whether you’re purchasing your first car, upgrading to a newer model, or simply exploring your finance options, we’re here to help every step of the way.
Visit our dealership, give us a call, or explore our website today to learn more about our finance packages and start your journey towards owning the perfect car. At Tees Valley Motors, we make car finance simple, transparent, and tailored to you.
Hire Purchase (HP)
A simple way of financing that gives you the certainty of a fixed interest rate, and fixed monthly payments throughout the agreement. The initial deposit and repayment period can be structured to help meet your budget and the length of time you expect to keep the car. You can trade-in your existing car and put this towards the initial deposit, or if you wish, just put down a cash deposit.
After paying the initial deposit you make regular monthly payments to cover the amount borrowed plus any interest and fees
The interest rate is fixed which means you'll know exactly how much you will repay throughout the term of the agreement
Once all of the payments have been paid the car is yours
Features and Benefits
- Fixed monthly repayments
- Low Deposit
- Ownership of Car
- Budget with confidence
- Freedom, no mileage restrictions
- Ability to settle the loan early
Personal Contract Purchase (PCP)
Similar to a Hire Purchase agreement but with additional flexibility since part of the cost is deferred until the end of the agreement which may give you the benefit of lower monthly payments. The deferred amount is known as the Guaranteed Future Value (GFV) sometimes known as Optional Final Payment.
What happens next?
At the end of your PCP agreement, you then have a number of options.
- Option 1 - Part-exchange your vehicle-use any equity above the Guaranteed Minimum Future Value as an initial deposit on your next purchase.
- Option 2 - Keep your vehicle-simply pay the Guaranteed Minimum Future Value to retain ownership.
- Option 3 - Refinance the final balloon payment.
- Option 4 - Return your vehicle and have nothing further to pay, subject to vehicle condition and within the agreed mileage terms. (Subject to terms and conditions).
Features and Benefits
- Flexible deposit
- Low fixed monthly payments
- The choice at the end of the agreement
- No need to worry about depreciation
- Potential lower payments than a standard HP agreement or Conditional Sale