Finance
FINANCIAL SERVICES
The competitive range of finance plans have been developed through the extensive resources of Renault Financial Services and Capital Bank to provide customers with maximum choice and flexibility when acquiring a new or used vehicle.The flexible range of plans will give you the finance package that best suits your needs.
Personal Contract Purchase
A Personal Contract Purchase plan adds greater flexibility to the way you finance your car. You will benefit from affordable monthly payments, which are lower than those you would expect from a traditional finance plan.At the start of the agreement, an estimate will be made of the value of your vehicle at the end of your chosen contract term (eg. 24 months) - this figure is then applied as the optional final purchase figure or Guaranteed Future Value (GFV). This amount and the deposit you choose to pay are set against the invoice price and your monthly repayments are based on the balance (plus interest).
When your agreement ends - the following choices are available to you:
- Return to Bury Motors and choose a new car using any excess value over the GFV towards your next Vehicle.
- Pay the GFV and take ownership of your car.
- Return the car with nothing more to pay, subject to having made all monthly repayments, the car being in good condition and having not exceeded the agreed mileage.
CONDITIONAL SALE
Conditional Sale is the most traditional form of vehicle finance. After a deposit, the remaining cost of the vehicle, plus interest is paid over a chosen term giving you eventual ownership. The monthly costs are fixed at the start of the contract and VAT is not added to the repayments.FLEXIBLE LEASE
Flexible Lease is a conventional lease plan, offering the benefits of minimal capital outlay and fixed monthly rentals. You can hire a vehicle for a fixed period without the option of ownership. It has the added advantage of flexibility; being able to settle the agreement at any time after the first twelve months. The nature of this plan means that it can be individually tailored to suit your needs.BUSINESS FINANCE (RENAULT)
Once you have chosen the new Renault car or van that suits you best, then rest assured that we have a business funding plan to suit your individual requirements.This section details some key benefits for each of our facilities to help you make your decision. There are three specific plans on offer for business users and fleet operators:
- Contract Hire
- Finance Lease
- Lease Purchase
Contact Hire
Essentially an operating lease, Contract Hire enables you to drive the new Renault car or van of your choice with no disposal worries. Full maintenance, road fund licence, and roadside assistance can be included as part of the package so that your only additional costs will be fuel and insurance.Key Benefits
- Low initial outlay, usually 3 months advance rentals
- Fixed monthly costs
- No disposal worries
- Road fund licence and Renault Assist coverage for the full contract period
- Known additional charges if contract mileage exceeded
- Full maintenance can be included
Finance Lease
Like Contract Hire, this is a long term rental agreement although it is purely finance based.
