Car Finance at Dicksons

Once you've found your new or used vehicle, Dickson’s Sales Executives are on hand to help find the best possible car finance package from a range of established finance providers.

Find out more about our available finance plans below to see which option is the most suitable for you:

Hire Purchase

The traditional, but still ever popular, funding option which gives the customer eventual ownership of the vehicle. A fixed cost, fixed period loan that allows you to spread the cost of the vehicle over a period of up to five years. The user is effectively the owner of the asset, but legal title to the car does not pass until the loan is fully repaid including the final payment which includes a nominal "option to purchase" fee.

Lease Purchase

For Private individuals and companies that want eventual ownership of the vehicle. A funding agreement where the purchaser acquires ownership when all the payments, including the option to purchase fee have been made. Part of the capital cost of the vehicle payment may be deferred into a "balloon" payment at the end of the agreement which equates to the anticipated value of the vehicle at the end of the leasing period.

PCP

PCP is an increasingly popular choice for car finance. It offers the best in flexibility at the end of the agreement, together with low, fixed monthly payments. At the beginning of the agreement your car's guaranteed future value (GFV) is calculated, based on an agreed mileage and age. This is deferred as a final 'balloon' payment.

With PCP you don't have to commit to buying the car at the outset. You use it for an agreed period of time usually 1-4 years and then decide at the end of this period what you would like to do.

You have four options:

  • Buy the car by paying an agreed minimum residual value.
  • Part-Exchange the car for another.
  • Sell the car privately (selling the balloon).
  • Or, subject to mileage and condition, return the car with nothing more to pay (e.g. if depreciation resulted in negative equity).

Contact our Vehicle Finance Team in Inverness to find out more

To find out more about new and used car finance plans from Dicksons, you can get in touch with our friendly and knowledgeable team here in Forres on 01463 712800 or leave us an online enquiry and we will get back to you shortly.

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