Gates Finance
Here at Gates we offer finance solutions to suit all budgets. Our fully trained staff will guide you through the process and are always on hand to answer any questions you may have. There are three packages available on both our new and used vehicles depending on your needs:
Hire Purchase:
(HP) This is the traditional package which involves taking the total cost of your chosen vehicle, deducting a deposit amount, then choosing the length of the aggreement. Interest is added, and monthly instalments are calculated. Assuming all payments are met, at the end of the agrreement, the vehicle is yours.
Personal Contract Purchase:
(PCP) Choose your desired vehicle,along with a deposit, the lengthof the agreement and a maximum mileage. At the end of the period you have the option to either buy the car outright for an agreed amount, known as the MGFV or final balloon payment, or return the vehicle back to the lender (within agreed fair wear and tear limits), and have absolutely no further obligation.
Cash Plan:
You choose the term of the agreement along with your anticipated mileage, we then deduct the MGFV from the vehicles price so your advance payment is the balance plus interest on the GMFV along with a finance fee if applicable. At the end of the term you can choose to renew the agreement, return the car (within agreed fair wear and tear limits), or pay the end balance and retain the vehicle.
