Find Out More About Car Finance at Avalon

When you’re buying a car, either brand new or pre-loved, financing the purchase with monthly payments is a very common route to take. With flexible deals available, it’s possible to strike an agreement that suits your budget, and finance for used cars is something we’re very used to helping our customers with at Avalon Motor Company. 

Why Choose Car Finance? 

Buying a car is a significant purchase, so instead of paying the entire cost of a car upfront, car finance means that you borrow the money from a lender, and repay the sum through a series of monthly instalments. This allows you to pay a deposit and spread the rest of the cost comfortably, removing the stress and hassle of arranging your own private loan. 

Types of Finance

Choosing the right finance for you will depend on your circumstances, and how you personally approach vehicle ownership. These are the two types of car finance available: 

PCP 

If you regularly change your car, a Personal Contract Purchase (PCP) may be for you. This type of deal can help you get behind the wheel of a newer or more expensive car, as the monthly repayments are generally cheaper. The amount you pay will depend on the deposit you can afford, the length of time you spread the cost over, the mileage limit, and the predicted value of the vehicle at the end of the term. 

At the end of the agreement, you have the option of paying a final sum (known as a balloon payment), handing the car back (as long as it’s in good condition and you haven’t exceeded the mileage limit), or exchanging it for your next car. 

You can find out more about PCP at Avalon here. 

HP

A Hire Purchase agreement sees you pay fixed payments over a period of up to 5 years. Just as with a PCP agreement, the amount you pay depends on your deposit and the length of the agreement. However, there’s no mileage limit, and at the end of the term, you own the car. 

Find out more about HP at Avalon here. 

Finance at Avalon Motor Company

At Avalon Motor Company, our finance system works by giving you a personalised quote dependent on the amount you intend to borrow, as well as your personal credit score; you’ll also receive the most competitive interest rate, starting from 6.9% APR. 

All of our sales staff are knowledgeable about our finance offerings and can walk you through the full process. Providing you’re with us before 3pm, the entire application can be completed in 10 minutes, with finance paid within 1 hour. This means that it’s possible to drive away the same day in your new set of wheels. 

Find Your Ideal Car at Avalon 

You can also start the process over on our website at any time when you find the perfect car for you amongst our stock. You can also utilise our free finance checker, allowing you to see whether you’re likely to be accepted for finance prior to completing a full application, without harming your credit score. 

With a regularly updated forecourt, we stock a wide range of used cars in Glastonbury - find your next car and explore purchase options here.