Get a no commitment,
No credit search required
5 questions to help you find the right type of finance option for you. Easy Peasy
Is owning the car now (or later) important to you, or are you more bothered about keeping monthly costs down?
You may want to own the car at the end of the term with no nasty surprises, or prefer to choose lower monthly costs by either not owning the car at the end of the term or financing just a proportion of the purchase price.
It is not possible to provide a low monthly payment and own the car at the end of the term so you'll need to choose between a fixed monthly payment with a balloon or the option to give the car back at the end of the term. If you want own the car without a balloon payment then HP is one option but the monthly payments will be much higher.
We always recommend that you speak to one of our finance experts to get the best advice to suit your individual needs & we'll get someone to contact you.
Is it for you?Play Video
Is it for you?Play Video
Is it for you?Play Video
The value of the car at the end of the contract is calculated at the start of the agreement and this value is deferred. This deferred sum is usually referred to as the Guaranteed Minimum Future Value (GMFV) and is based on a number of factors including how old the car will be at the end of the agreement and how many miles it is expected to have covered.
Lease purchase is a form of conditional sale agreement, which means that the regular payments are similar to a lease/rental agreement but you will own the car at the end of the deal. You may be asked to pay a number of monthly payments at the start of your agreement (referred to as advance payments and the leasing equivalent of a deposit) and a sum is usually deferred to the end of the deal.
Hire purchase is a simple and some might say, traditional way to fund your new car. You pay fixed monthly amounts for a period which you can choose, usually between 12 & 60 months, that's 1 to 5 years if maths isn't your strong point. Once you've made all the payments the car is yours, it's as simple as that.
Under a personal loan agreement you immediately become the owner of the car, but will need to continue repaying the lender until the loan amount is paid off in full. At the end of the agreement, all of the car's current market value could be recouped if you decided to sell it. †Because the loan is personal, it's not secured against the vehicle.
There are some great finance incentives available, supported by many of the 14 vehicle brands we represent.
Look out for the best deals available including Bank Beating 0% finance on selected models across the site or contact us to find out more. Take advantage of flexible terms and tailor a finance package that suits you.
We use our size as a national retailer to get access to great finance rates from some of the biggest names, such as; Santander, Barclays, Hitachi and more. Our finance experts are always on hand to talk things over - call, email or visit us in store at one of our 40+ dealerships nationwide today.
A baloon payment is a large, on-off payment at the end of your vehicle finance agreement.
This deferred sum is usually referred to as the Guaranteed Minimum Future Value (GMFV) and is based on a number of factors including how old the car will be at the end of the agreement and how many miles it is expected to have covered. The future value of the car is guaranteed by the lender so will not fluctuate.
The benefit to having a balloon payment, is that it lowers your monthly payment seeing as a part of the vehicles value is deferred to the end of the finance agreement. You have choices at the end - one of which is to walk away from the vehicle with nothing to pay.
With Perrys you can drive away that day! Our approval process is simple and much less intrusive than some of the banks.
Geez, finance can be complicated, right? Don't worry, thats what we're here for - we're here to make your car buying journey easy. We've been helping people choose the right car on the right agreement for generations. We're over 100 years old - so it's safe to say that you'll be in good hands.
Our vehicles are nicely prepared, clean as a whistle and ready to go. We might need to process a few documents along the way, but we'll be sure to make you feel at home while you wait. Call in advance if you're planning this - it helps us to get prepared.
We're all human. That means that things don't always go to plan. We have lots of different finance options and we'll help you to decide which one suits you best.
Finance tailored to you. Whether you have an excellent credit rating, a good one or a bad one - we'll help you find the finance agreement that suits or help to get you back on track. If you've had trouble arranging your finance, try our Problems Getting Finance Page
Look out for some great support towards your finance agreements when purchasing new cars!
A deposit contribution, is where the manufacturer (or our dealership) will make a contribution towards the deposit of your finance agreement, which obviously lowers your payments. There's some great opportunities to take advantage of. Ask for more information about the current deals available, browse the website or visit in store.
The FCA ensure that firms stick to the rules and ensure that customers don't fall victims to scams or get tied to unfair contracts.
Perrys take finance very seriously. We wouldn't offer a finance agreement that doesn't suit the individual - it's just not our style. We're driven by the many repeat customers (generations of them), it's a passion for us to get the right car to the right person with the right agreement. If we get that right… there's a good chance we'll see you again!
Use our no commitment, pre-application, eligibility check, to get an instant opinion & determine what financial options could be available to you. We don't do a financial check on your credit history, which means you can get a professional opinion before you make any full applications.
No credit checks, no footprints on your credit file. Just a professional evaluation from a very experienced team.
Unfortunately we've noticed that you're using an older web browser that means our flashy modern website won't work too well in your browser.
To get the full Perrys website experience we recommend you upgrade your browser to the latest version, such as Internet Explorer 11, or use Google's Chrome web browser.
Sorry for the inconvenience, but this allows us to give the best possible experience to the most people.