Financing Your Car
If you are considering buying a car from Bellamys London, our friendly sales team will be happy to discuss flexible finance plans helping to make the purchase of your next car stress-free.
Our expert, knowledgeable team can take you through the hire purchase (HP) or personal contract purchase (PCP) options. At Bellamys London we work with some of the biggest and reputable names in car finance, so we can help you choose the competitive finance option to suit your budget.
If you have any questions regarding car finance, please do not hesitate to ask us.
At Bellamys London we have chosen to work with MotoNovo Finance, one of the fastest growing UK providers of Motor Finance.
MotoNovo Finance has been providing loans for people to buy cars for nearly 40 years. The company has continued to grow in the UK, and they now enjoy a reputation within the British used car industry for providing the best terms of service, competitiveness and convenience to customers.
If you are purchasing a car from Bellamys London and would like to discuss competitive finance arrangements, just ask our sales team about MotoNovo Finance.
Finance Your Car in 2 Easy Methods
Hire Purchase (HP):
You can spread the cost of your car by paying in fixed monthly instalments. With terms from 12 to 60 months and a deposit amount, you can choose the right payment plan that suits your budget.
When you have paid off the finance agreement and settled the option to purchase fee, the vehicle becomes yours.
You can enjoy a one-month payment holiday before your first instalment is due, with interest calculated from the day your agreement starts.
Personal Contract Purchase (PCP):
Spread the cost of your vehicle by paying in fixed monthly instalments with terms from three to four years.
PCP contains a balloon payment at the end of the finance agreement, which usually makes the monthly instalment amounts lower than a traditional Hire Purchase (HP) agreement. This is great for customers who like to change their vehicle frequently.
When you have paid off the finance agreement, and the final balloon payment or Guaranteed Minimum Future Value (GMFV), the vehicle becomes yours.
Alternatively, you can return the vehicle to the dealership, use it as a part exchange against your next vehicle or refinance the balloon payment into a new HP agreement, subject to finance approval.