Buying a new car undoubtedly remains one of life’s great pleasures. That new car smell. Hitting the open road for the first time. Testing out all those new gadgets. Squeezing three kids in for a trip to Burnley Asda. The last one maybe not so much. But even having to parallel park three miles from the entrance of a supermarket could never wipe a new car smile away. You know what might do though? Having to deal with new car finance or used car finance.
Even just reading the words ‘car finance‘ can have you going from 60 – 0 in three seconds. So buckle up, sit back and let us explain why when it comes to buying a car, one of the stops on your journey should definitely be PCCU.
PCCU’s aim when it comes to helping somebody apply for a car loan is to make the process as straightforward and as transparent as possible. Dealers will of course offer car finance deals on their vehicles and we would not be so arrogant to presume that our terms are always going to be better. What we can guarantee is that they will be highly competitive. We can also guarantee that there will be no hidden costs and our trusted and highly-experienced staff will be with you every step of the way.
Earlier this year, the Financial Conduct Authority released a report showing that 500,000 drivers in the UK had been secretly over-charged by car salesmen looking to pocket extra commission. The word ‘commission’ doesn’t even exist in the PCCU dictionary. What you will find in there are the words ‘not-for-profit organisation’. While the world of car finance centres around sales and profit, our sole interest is helping our account holders take care of their finances. This is why we keep interest rates as low as possible and operate a ‘what you see is what you get’ policy when it comes to repayments.
For instance, car finance through a dealer or garage typically starts at 12.9% Representative APR, which is more than we would charge for a loan of more than £3,000. And that is why we would challenge you to, by all means, listen to what they have to offer, but then come and speak to us.
Interest rates aside, there are no set-up fees, no early settlement penalties and if you do choose to apply for a loan, our decision will be with you faster than a Bugatti Chiron Sport. If a Bugatti Chiron Sport takes around one day to reach its destination.
PCCU offers car loans of up to £15,000. That means instead of having to deal with the minefield that can be car finance, you can look at buying your new wheels outright, in time for your next supermarket big shop.
We’ll be happy to talk through any queries you may have on car finance.