Used Car FinanceIn Bridgend, Glamorgan

Here at T J Car Sales we will strive to achieve the best finance package possible to suit our customers’ needs.

We are experts in placing your application with the right finance company to get you the acceptance you need.

We have built great relationships with the leading finance providers which means we can offer the very best interest rates often beating the banks.

We can offer competitive finance deals over periods ranging from 12-60 months, borrowing large or small amounts with a repayment that suits your individual needs. We have two different products available which are Hire Purchase and PCP making your new car affordable, all of this achieved by working closely with a number of carefully chosen finance companies.

Please see the information below explaining the difference between Hire Purchase and PCP.

Hire Purchase (HP) Hire Purchase (HP)

Benefit from a regular payment structure with outright ownership of your car at the end of the term.

How it Works

  • Choose your car, the amount of deposit you want to pay; and decide on agreement term between 12 and 60 months.
  • Any deposit is deducted from the price of the vehicle. You make regular payments based on the remaining balance plus the agreement interest.
  • Once all payments have been made, you will own your vehicle outright.

Customer Benefits

  • Fixed regular payments for easy budgeting.
  • You own your vehicle at the end of the agreement with no deferred lump sum to pay.

Hire Purchase with Balloon Hire Purchase with Balloon

This plan is the same as conventional hire purchase with one key difference – there is a larger 'balloon' payment deferred to the end of the agreement.

How it Works

  • Just choose the vehicle you want and decide your agreement term between 12 and 48 months.
  • Then choose the amount of the balloon payment that you will defer to the end of the agreement.
  • The balloon payment and any deposit are deducted from the price of your vehicle. You make regular payments based on the remaining balance plus the agreement interest.
  • At the end of the agreement, following the settlement of the balloon payment, you will own your vehicle outright.

Customer Benefits

  • Fixed regular payments for easy budgeting.
  • Flexibility - you choose the deposit and agreement term to suit your needs.
  • Your regular payments are reduced because the balloon payment is deferred to the end of the agreement.
  • You own your vehicle at the end of the agreement.

Personal Contract Purchase (PCP) Personal Contract Purchase (PCP)

If you want to make fixed regular payments, guarantee the future value of your vehicle, and have a choice of three final options at the end of the agreement term, this option is right for you.

How it Works

  • Choose your vehicle, agree your annual mileage and decide on agreement term between 20 and 48 months.
  • We will then determine the Guaranteed Minimum Future Value (GMFV) of the vehicle at the end of your agreement. The GMFV is deferred to the end of the agreement and is the Optional Final Payment.
  • The GMFV and any deposit are deducted from the price of the vehicle. You make regular payments based on the remaining balance plus the agreement interest.
  • At the end of the agreement, following the settlement of the balloon payment, you will own your vehicle outright.

At the end of the agreement, just choose from one of the following options:

Renew - Choose a new vehicle from SJB Car Sales and use any excess value over the GMFV towards your deposit. You can trade in your old vehicle or sell it privately.

Retain - To keep your vehicle, you only need to pay the GMFV.

Return - Simply return your vehicle to SJB in good condition and within the agreed mileage.

Customer Benefits

  • Fixed regular payments for easy budgeting.
  • Your regular payments are reduced because the GMFV is deferred to the end of the agreement.
  • The GMFV protects you against any potential fall in used vehicle values.
  • With shorter terms you can be driving a new vehicle more often, meaning your servicing and maintenance costs may be reduced.
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