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Car Finance

We specialise in offering finance deals from 11.9% APR that are both flexible and affordable to suit all budgets on your next car.

At Eagle Motor Co we work closely with a number of specialist finance providers to give you the best possible rates for your budget.

We offer both HP and PCP packages on our vehicles

Octane Finance is the UK's fastest-growing Car Finance Broker. We compare a variety of car finance products to ensure you get the best deal when purchasing your next vehicle. We have access to high street banks and lending corporations, as well as some of the more specialist and niche car finance companies.

Our team take a personal approach to finance and we cater for all credit profiles, ensuring the best outcome for our customers.

Hire Purchase (HP)

A simple way of financing that gives you the certainty of a fixed interest rate, and fixed monthly payments throughout the agreement. The initial deposit and repayment period can be structured to help meet your budget and the length of time you expect to keep the car. You can trade-in your existing car and put this towards the initial deposit, or if you wish, just put down a cash deposit.

After paying the initial deposit you make regular monthly payments to cover the amount borrowed plus any interest and fees

The interest rate is fixed which means you'll know exactly how much you will repay throughout the term of the agreement

Once all of the payments have been paid the car is yours

1.) Features and Benefits
2.) Fixed monthly repayments
3.) Low Deposit
4.) Ownership of Car
5.) Budget with confidence
6.) Freedom, no mileage restrictions
7.) Ability to settle the loan early

Personal Contract Purchase (PCP)

Similar to a Hire Purchase agreement but with additional flexibility since part of the cost is deferred until the end of the agreement which may give you the benefit of lower monthly payments. The deferred amount is known as the Guaranteed Future Value (GFV) sometimes known as Optional Final Payment.

What happens next?

At the end of your PCP agreement, you then have a number of options.

Option 1 - Part-exchange your vehicle-use any equity above the Guaranteed Minimum Future Value as an initial deposit on your next purchase.
Option 2 - Keep your vehicle-simply pay the Guaranteed Minimum Future Value to retain ownership.
Option 3 - Refinance the final balloon payment.
Option 4 - Return your vehicle and have nothing further to pay, subject to vehicle condition and within the agreed mileage terms. (Subject to terms and conditions).

Features and Benefits

1.) Flexible deposit
2.) Low fixed monthly payments
3.) The choice at the end of the agreement
4.) No need to worry about depreciation
5.) Potential lower payments than a standard HP agreement or Conditional Sale
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FINANCIAL DISCLOSURE
Eagle Motor Company is registered in England and Wales under company number: 14140317. Eagle Motor Company is authorised and regulated by the Financial Conduct Authority, under FCA number: 981863. We act as a credit broker not a lender. We work with several carefully selected credit providers who may be able to offer you finance for your purchase. (Written Quotation available upon request). Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). The lenders we work with could pay commission at different rates. All finance is subject to status and income. Terms and conditions apply. Applicants must be 18 year or over. We are only able to offer finance products from these providers.

What is a hire purchase agreement

What is personal contract purchase?

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Representative Example CS

An OTR Cash Price of £9,995.00 with a deposit of £999.50 leaving an amount of credit of £8,995.50. The agreement is resulting a Representative 12.9% APR and a total amount payable of £13,063.50. Payments are based on a duration of agreement of 60 months, with a first monthly payment of £ 200.90, regular monthly payment of £200.90 and a final monthly payment of £210.90.
View Finance Disclosure

FINANCIAL DISCLOSURE
Eagle Motor Company is registered in England and Wales under company number: 14140317. Eagle Motor Company is authorised and regulated by the Financial Conduct Authority, under FCA number: 981863. We act as a credit broker not a lender. We work with several carefully selected credit providers who may be able to offer you finance for your purchase. (Written Quotation available upon request). Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). The lenders we work with could pay commission at different rates. All finance is subject to status and income. Terms and conditions apply. Applicants must be 18 year or over. We are only able to offer finance products from these providers.