Finance

Below are the bespoke finance options that are available through Saab Select, however the full terms and conditions of these agreements should be read before signing. Copies available on request. If you wish to discuss any of the following options or would like a competitive quotation geared to your exact requirements then please call Martin White on 0181 423 5772.

Saab Select are a licensed credit broker.

Through Saab Select and its preferred finance houses, we are able to offer four separate products tailored to your requirements. Every customer is offered a consultation with Martin White, our Business Manager, who can advise and demonstrate your best way forward.

The Options are as follows :-

Hire Purchase
After payment of an initial deposit, you may choose a payment period from 12 to 60 months. Your payments give you an equal and fixed monthly instalment, to suit your monthly budget.

Hire Purchase with Balloon
After payment of an initial deposit, you may choose a payment period from 12 to 48 months. After estimating your annual mileage and deciding what final payment suits you best, you pay equal and fixed monthly instalments but at the start of the agreement a percentage of the amount borrowed is deferred to the end of the agreement (This is known as a balloon payment) his reduces your monthly instalments considerably enabling you to purchase your dream car !

At the end of the agreement you can either

a) Pay the balloon payment and take full ownership of the car b) Part exchange your car against a newer model c) Re- finance the balloon payment over a further period

The final payment is calculated based on its estimated future value and is set at a level which on part exchanging your car gives you a deposit for your next purchase.

PCP (Personal Contract Purchase)
PCP works in a similar way to Hire Purchase with Balloon but the final payment is a guaranteed future value (GFV). The GFV gives you a further option at the end of the agreement to the 3 listed above. This scheme allows you to hand the car back to the finance company when the balloon payment is due and walk away from the agreement. If you choose to have a final payment less than the GFV there is a further option called an Equity Plan. The finance company would give you a cheque for the difference between the GFV and your final payment should you exercise this option.

50/50 Scheme
An initial deposit of 50% of the cash price is paid, with the remaining 50% deferred to the end of 12 , 18 or 24 months. Your instalments are therefore interest charges only.

Credit Protection Insurance
All finance companies offer products, that enable you to protect your investment should the unforeseen happen. Payment Protection will pay your instalments if you are unable to work due to disability after an accident or sickness, or due to redundancy. Your agreement would also be paid off should you be diagnosed with a Critical Illness or die.