Otter Motors are pleased to announce that we work exclusively with Mann Island Finance allowing us to offer finance with 'NO DEPOSIT' required. We also have the privilege of being able to offer 0% APR Representative on any vehicle in stock with 50% deposit - 0% APR over 3 years - YES THAT'S 0% APR OVER 3 YEARS WITH 50% DEPOSIT - NO ADMIN FEE - NO ACCEPTANCE FEE. Just work out half of the vehicle's asking price and then divide that figure by 36 months to get your monthly re-payments (e.g. £9995 ÷ 2 = £4997.50 ÷ 36 = £138.82 per month). It only takes a few minutes to submit a finance proposal, so contact us and we can do the hard work for you. You can also have a play around using our finance calculator on your desired vehicle, which will give you an idea of initial deposits and monthly re-payments.
The interest on your finance agreement is set at a fixed rate, so you know exactly how much money is coming out of your account every month. This means you can spread the cost of your car and manage your budget over the course of the agreement.
At Otter Motors we offer 2 of the most popular types of Finance - HP (Higher Purchase) & PCP (Personal Contract Purchase).
HP Explained - If you choose to pay for your car with a Hire Purchase agreement, you will normally pay an initial deposit and will pay off the entire value of the car in monthly instalments. When all the payments are made, the Hire Purchase agreement ends and you own the car.
PCP Explained - Personal Contract Purchase (PCP) is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments. What makes PCP different is that your monthly instalments are only paying off the depreciation of the car, rather than the entire value of the car. Where PCP differs from HP is at the end of the term. Then you'll have three choices. You can:
▪ Return the car to the finance company
▪ Keep the car
▪ Trade the car in against a replacement
No deposit required on both HP & PCP finance agreements and flexible rates as low as 9.9% APR mean your closer to driving away in your new car sooner than you think. For more information and to find out monthly costs on a particular vehicle call us on 01404 812608 // 07482 242681