Car Finance

CAR FINANCE AT ROSSI AUTOMOBILI

If you are interested in buying one of our quality prestige cars, we offer a range of finance options, from hire purchase to personal contract purchase options. To find out more, click on the options below:

Hire Purchase
Hire purchase is the conventional way to break up the cost of buying a car into fixed rate monthly instalments.

Typically a deposit of between 0-50% of the vehicle cost is required. The outstanding balance, plus a fixed amount of interest, is paid in monthly instalments, from 12-60 depending on the period agreed.

Why consider Hire Purchase?

  • Low deposit – keeps valuable personal or business cash available
  • Control – you decide the deposit, you decide the term
  • Fixed monthly payment – perfect for budgeting
  • Flexibility – doesn´t compromise your other lines of credit
  • Assets – you gain vehicle ownership
  • Tax benefits – Tax allowances for business users
  • VAT free – no VAT on payments

Hire Purchase with a Balloon (Lease Purchase)

Hire purchase with a balloon offers lower monthly payments than normal hire purchase. Instead, at the end of the agreement, you can make a final lump sum payment (or ‘balloon’) to own your car.

It’s fixed rate finance – but with a lower fixed monthly outlay since you defer repayment of some of the borrowing. At the end of the agreement options include car purchase, refinance, part exchange or resale.

The deposit you pay is flexible – typically between 0-50% of the vehicle cost. The deferred balloon element is calculated on the estimated future resale value of the car.

The difference, plus fixed interest, is repaid in equal instalments over an agreed period (maximum period of 48 months), plus a final balloon payment.

Why consider Hire Purchase with balloon?

  • Low deposit – keeps valuable personal or business cash available
  • Lower fixed monthly payments – perfect for budgeting
  • A better car – lower payments can help you choose a higher specification car
  • Flexibility – does not compromise your other lines of credit
  • Assets – you gain vehicle ownership
  • Tax benefits – Tax allowances for business users
  • VAT free – no VAT on payment

Personal Contract Purchase (PCP)

Personal Contract Purchase is highly attractive and increasingly popular. It combines low, fixed monthly payments with exceptional flexibility at the end of the agreement.

Your car´s guaranteed future value is calculated (based on agreed mileage and age) and becomes deferred as a final payment (balloon).

PCP is ideal if you’re opting out of a company car scheme. You use your company car allowance to fund your PCP monthly payments without paying company car tax.

Crucially, you don´t commit to buying the car at the outset. Instead, you use it for 24-48 months, deciding at the end of the agreement what you want to do. Either:

  • Buy the car by paying an agreed minimum residual value
  • Part-exchange the vehicle for another
  • Sell the vehicle privately (settling the balloon)
  • Or, subject to mileage and condition, return the car with nothing more to pay (e.g. if depreciation resulted in negative equity)

Top-up Loan

This is not only a negative equity loan but also a top up loan. You can use up to £3000 of additional funds in relation to your new purchase, for example to add in car entertainment, a tracker, upgraded wheels and so on.

Apply for Finance

To make a pre-purchase application, please fill in your details below: