Here at Leask Motors, we can offer you several ways to purchase. Whether you are in the market for something brand new or pre-owned, we have an option that can suit you. As well as purchasing the vehicle outright, there are two financing options available for you to consider (subject to status). These are Hire Purchase (HP) and Personal Contract Purchase (PCP).
The traditional approach to finance. Hire Purchase agreements consist of paying fixed a monthly cost for the whole value of the vehicle over the specified length of agreement. This type of financial arrangement can be ideal for those who want to own the vehicle at the end of the contract without any lump sums to pay. Currently we can offer HP agreements from 1 to 5 years in duration for vehicles that will be under 14 years old be the end of the contract.
Personal Contract Purchase
The modern method. Personal Contract Purchase agreements consist of a more lease-like agreement where you pay a fixed monthly cost for a pre-defined portion of the vehicle's value over the specified length of agreement. The remaining portion of the value is set by to be paid at the end of the contract if you would like to own the vehicle. PCP agreements also involve a contracted mileage allowance, with excess charges applying if in breach of pre-agreed limits. This type of financial arrangement can be ideal for those who want to renew their vehicle every 3-4 years without having to worry about any lump sums to pay or the stress of buying and selling. Currently we can offer PCP agreements from 1 to 4 years in duration for vehicles that are under 5 years old and will be under 9 years old by the end of the contract.
Contact us for more information about vehicle finance or for a quote on one (or more) of our cars.
What can we do to help you finance your purchase?
We can introduce you to a lender (Black Horse Limited) who may be able to finance your purchase. We can only introduce you to this lender.
Are we able to help you finance your purchase?
Yes, we were registered as a credit broker by the Office of Fair Trading and we now have permission from the FCA who have taken over the regulation of consumer credit from 1st April 2014. Our FCA authorisation for consumer credit is separate from that for general insurance.
Do you have to pay for our help?
No, you make no payment to us. However, a lender (and/or another credit broker/intermediary we work with) may pay us a fixed commission (and/or another credit broker/intermediary) for introducing you to them, calculated by reference to the vehicle model or amount you borrow. Any such amounts they pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned.
Can we give you independent financial advice?
No, we are not independent financial advisors and consequently are unable to provide independent financial advice.
Who regulates us?
Leask Motor Garage (Lerwick) Ltd, Gremista, Lerwick, Shetland, ZE1 0PX, UNITED KINGDOM is authorised and regulated by the Financial Conduct Authority. Our FCA registration number is 739282. We are permitted by the FCA to sell and administer general finance contracts. You can check this on the Financial Services Register by visiting the FCA’s website https://register.fca.org.uk/s/ or by contacting the FCA on 0800 111 6768.