Used Car Finance in Maidstone
Here at White Oak Motors we provide a wide range of finance facilities from bespoke PCP and HP finance with full integration into our web site. From the comfort of your own home you can view all the available finance products for your next vehicle and generate your own personalised quotations by changing the deposit, term and annual mileage. In addition, you can complete our online application process through our secure proposal form which will pass your information directly to our finance broker Hart Contracts. You will then be guided through the process of finding a finance deal that best matches your circumstances.
Finance specialists – Representative 9.9% APR
Once you have found the car that you would like, we can arrange the finance for you too. We work with a selection of trusted lenders and take care of the whole process for you. If you would like to find out more, please get in touch with a member of the team.
Contact us
You are more than welcome to visit us, but if you would like to talk through what you’re looking for, or if you have questions on a specific car, then please get in touch with us here.Hire Purchase
Features
Hire Purchase (HP) is a fixed cost, fixed period loan linked to the purchase of a vehicle.
HP is suitable for customers who want to own the vehicle once they have made all necessary payments.
The finance provider owns the vehicle until the point the customer has made all necessary payments.
There are no mileage restrictions, servicing requirements or other charges. Customers can ‘Voluntary Terminate’ their credit agreement before the final payment is due provided they; (1) hand back the vehicle, (2) pay or have paid half of the total amount owed.
Customer Process
1. Usually pay a cash deposit or part exchange their old vehicle (or both)
2. Make all monthly payments. Typically between 3 and 5 years depending on the customer circumstances
3. Pay an ‘Option to Purchase Fee’ – a small payment which enables the customer to take ownership of the vehicle. Customers can also refuse to pay this fee and hand back the vehicle if they wish to.
Limitations
The agreement is secured against your vehicle which means if you fail to keep up with repayments the vehicle could be repossessed.
If you put down a lower deposit it could mean a higher risk of negative equity if you settle early or want to change the vehicle before the end of your finance.
Personal Contract Purchase
Features
Personal Contract Purchase (PCP) is the most popular form of motor finance because it gives the customer flexibility at the end of the agreement and a lower monthly payment compared to alternative products like Hire Purchase or Conditional Sale.
The finance provider owns the vehicle until all monthly payments, the GMFV and Option to Purchase Fee have been paid.
If a customer opts to hand the vehicle back at the end of the term or earlier they may be required to pay charges: (1) if mileage allowance is exceeded the customer will pay a pence per mile charge (2) if the vehicle is damaged beyond ‘reasonable wear and tear’ the customer will be required to pay a damage charge.
Customers are not guaranteed to have any equity at the end of their agreement.
Customer Process
- Usually pay a cash deposit or part exchange their old vehicle (or both)
- Agree a mileage allowance and term over which repayments will be made. The higher the mileage, the higher the monthly payment will be.
- Be informed of how much the Guaranteed Minimum Future Value of the vehicle will be. Often called a ‘balloon payment’.
- Make all monthly repayments, typically 2 to 4 years.
- At the end of the agreement the customer has 4 options:
1. Pay the GMFV and take ownership of the vehicle
2. Refinance the GMFV and continue making monthly payments on the outstanding balance
3. Hand the vehicle back and make no further payments subject to mileage and condition
4. Part exchange the vehicle by using any equity gained from the difference in vehicle value and GMFV if any
Limitations
The agreement is secured against your vehicle, if you fail to keep up with repayments your vehicle could be repossessed.
If you put down a lower deposit it could mean a higher risk of negative equity if you settle early or want to change the vehicle before the end of your finance.
Due to depreciation, it is possible that there will be no equity in the vehicle at the end of the agreement.
An excess mileage fee is payable at the end of the term if you exceed the agreed mileage parameters and wish to return the vehicle.
ALL BRANDS
From a Punto to a Porsche we can source all cars.
FREE SUPPORT
Just give us a call and we can give expert advice on our cars.
DEALERSHIP
Our range of cars all have a pre delivery check for peace of mind.
AFFORDABLE
Here at White Oak Autos we provide a wide range of finance facilities.
Vehicles in Stock
DEALER REVIEWS
HAPPY CUSTOMERS
CARS SOLD
OUR TESTIMONIAL
Just purchased a very nice X Type from Justin at White Oak, he was most helpful & quickly repaired the one item I was not 100% happy with, no quibbling!!......He even met me local to my home to deliver the car, I'd definitely recommend this business, no 'pressure' selling, as his cars are sold on their own merit, Many thanks Justin
Paul Thorpe
I had an excellent experience at this used car dealership, Justin was very polite and friendly, even bringing the car to my house to view due to a busy schedule. He did not apply any pressure or any of those dreaded car sales techniques. I bought a lovely Audi A6 Avant from Justin at a very reasonable price and we are very happy with it. He offered me a decent part exchange price on my BMW that I accepted. I would buy from Justin again.
IAN McGowan
Just brought a Audi Q3 from Justin today, I love it, Justin was really helpful throughout would 100% recommended if your thinking of buying a car! Thank you!!!
Lauren Jeffrey
Just brought a mini countryman from here, Justin and his team were so helpful and the process so quick and easy couldn't fault the whole experience at all, and absolutely loving my new car a very happy customer, would highly recommend 100%, 5 Stars.
