Car Finance Options | Finance Your Next Car | Chorley Group
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Car Finance Options

With Chorley Group, its never been easier to finance your next new or used vehicle. We offer you the best finance options in the North West and help provide you with a finance application that is simple, convenient and stress-free to complete. Before you know it, you'll be out the door in your new or used car!

All of our new & used finance deals are available in a few different ways which give you a clearer idea of what suits you the best. Firstly, if the car suits your needs and fits your budget, you can purchase the vehicle outright, easy.

Secondly, an ever-increasing option is to finance your vehicle. Finance means that you can pay for the car in monthly instalments (usually 36/48 months) with the monthly payments being tailored to suit your budget. Everything works around your needs, not ours.

How does finance work?

The agreements for the finance deal are decided upon at the beginning of the contract. The contract usually involves an upfront deposit which flows through to agreeing your fixed monthly payments and contract length.

What factors determine your monthly payments?

  • How many miles you intend on doing
  • The make & specification of the vehicle

The above two points are the main negotiations when it comes to financing a new/used car. If you have a lower spec vehicle, the vehicle will be cheaper, the payments will be lower. If you have a top of the range vehicle, the car is considered expensive, the payments might be slightly higher. If you intend to do many miles in your year, the payments may alter due to the depreciation of the (new) car. This is a value we use to determine the value of the vehicle at the end of the contract when you;

  1. Hand it back, or
  2. Pay the outstanding balloon payment (Guaranteed Future Value) and keep it
A popular method of financing your car, pay monthly with the option to buy the vehicle at the end of the agreement
Lease your car over an agreed period of time with fixed monthly payments and hand the car back at the end
Pay off the entire value of your car with an initial deposit and fixed monthly payments
Equip your fleet with an initial deposit followed by the agreed fixed monthly payments
Lease Purchase is very similar to Hire Purchase but has a deferred (balloon) payment at the end of the contract