Our staff have passed the examinations set by Specialist Automotive Finance (SAF) and Automotive Compliance to enable us to advise you on the best way to fund your purchase when choosing your new vehicle.
Subject to status, we can offer credit on all of our vehicles.
3rd Party Finance Companies
ESP Cars are happy to deal with a third party finance company of your choice but please be aware that an administration fee may apply.
Pay any deposit and fees, and then the monthly repayments to own the vehicle at the end of the agreement.
An option to purchase fee is usually charged for Hire Purchase, but not conditional sale agreements.
Monthly Payments
A Hire Purchase agreement will consist of equal monthly payments over a term of usually 12-60 months. These payments are determined by the car price, how much deposit is paid, the term you wish to take the agreement over and the APR.
Duration Of Agreement
The number of months / years you would like to repay your loan / the credit back over.
APR
The Annual Percentage Rate (APR) allows you to compare the cost of this loan versus others. The APR includes the interest & any other fees payable.
Total Amount Payable
The total amount payable is made up of the fees, interest, advance and term.
| Duration of agreement | 60 months |
| 59 monthly payments | £102.89 |
| Final payment | £112.89 |
| On the road price | £5,799.00 |
| Customer deposit | £1,000.00 |
| Total amount of credit | £4,799.00 |
| Option to purchase fee | £10.00 |
| Total amount payable | £7,173.40 |
| Representative | APR 11.9% |
| Rate of interest (fixed) | 10.30% p.a |
Monthly Payments
A PCP agreement will consist of equal monthly payments over a term of usually 12-48 months, with a pre-determined Guaranteed Future Value as a final option.
Guaranteed Future Value / Optional Final Payment
The future market value of the vehicle is predicted by the lender based on the mileage you expect to drive during the agreement and the term you choose to take the agreement over. It is an optional payment which you have to pay if you want to own the vehicle at the end of the agreement, however you also have the option to either hand the vehicle back to the finance company or part exchange it. The video here explains the options, however a member of staff will be more than happy to discuss the options in more detail.
Duration Of Agreement
The number of months / years you would like to repay your loan / the credit back over.
APR
The Annual Percentage Rate (APR) allows you to compare the cost of this loan versus others. The APR includes the interest & any other fees payable.
Total Amount Payable
The total amount payable is made up of the fees, interest, advance and term.
| Duration of agreement | 49 months |
| 48 monthly payments | £303.57 |
| Optional final payment | £7,688.00 |
| On the road price | £18,799.00 |
| Customer deposit | £1,879.00 |
| Total amount of credit | £16,920.00 |
| Acceptance fee | £0.00 |
| Option to purchase fee | £10.00 |
| Total amount payable | £24,138.36 |
| Representative | APR 11.9% |
| Rate of interest (fixed) | 10.38% p.a. |
| Annual mileage | 10,000 miles |
General Terms and Conditions
Please note you will not own the vehicle outright until all payments are made.
If you default on your finance payments, then the vehicle may be repossessed by the finance provider.
You must be 18 years or older to apply for finance.
Finance is not guaranteed, and any finance application is subject to a credit check and individual circumstances.
If you require any further information, please do not hesitate to contact us.
The finance provider will have their own Terms and Conditions, please contact them directly for further information.
Canei International Ltd is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Canei International Ltd to act as a credit broker, not as a lender, for the introduction to a limited number of lenders and to act as an agent on behalf of the insurer for insurance distribution activities only.
We are a credit broker and not a lender. We can introduce you to a limited number of lenders and their finance products. We are not an independent financial advisor and we act as agent for this introduction. We may advise you on the products, subject to your personal circumstances, though you are not obliged to take our advice or recommendation. We do not charge you a fee for our services. Whichever lender we introduce you to we will typically receive a commission from them (either a fixed fee or fixed percentage of the amount you borrow). For your reassurance, all of the lenders we work with could pay commission at different rates, but the commission we receive does not influence the interest rate you will pay. Our aim is to secure finance for you at the lowest rate you are eligible for from our panel of lenders. If you ask us what the amount of commission is, we will tell you in good time before the finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only.
WE SUPPLY CREDIT ON BEHALF OF THE FOLLOWING LENDERS
Black Horse, Santander, Close Brothers, Mann Island, Evolution Finance
SUB PRIME CREDIT
“Sub-prime finance is not guaranteed and may cost more than finance provided by a prime lender. We will try to obtain finance for you but that there is no guarantee. It may be from a sub-prime lender, and if so, the cost of finance is likely to be at a higher rate than prime lenders offer.”
PRIVACY POLICY
This privacy policy sets out how Canei International LTD T/A ESP Cars uses and protects any information that you give us when you use this website. ESP Cars is committed to ensuring that your privacy is protected. Should we ask you to provide certain information by which you can be identified when using this website, then you can be assured that it will only be used in accordance with this privacy statement.
What we collect
We may collect the following information:
What we do with the information we gather
We require this information to understand your needs and provide you with a better service, and in particular for the following reasons:
Internal Record Keeping
Security
We are committed to ensuring that your information is secure. In order to prevent unauthorized access or disclosure we have put in place suitable physical, electronic and managerial procedures to safeguard and secure the information we collect online.
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