Vehice Finance Tailored to you
How can we help you?
We provide vehicle finance for new and used cars, light commercial vehicles, (LCV’s), motorcycles, caravans and motorhomes. We have a range of lenders who offer a variety of competitive finance packages from Hire Purchase, Hire Purchase with a balloon, a PCP or Refinancing for both personal and business use.
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With over 30 years experience in the finance industry, Lesley is passionate about ensuring customers feel supported throughout the entire finance process, from purchasing a new vehicle, part exchanging an existing to buy another or refinancing an existing agreement.
Rates from 9.9% APR - 9.9% APR Representative
Our rates start from 9.9% APR. The rate you are offered will depend on your individual circumstances. Representative Example: Borrowing £8,000 over 60 Months with a representative APR of 12.9% the amount payable would be £176.86 a month, with a total cost of credit of £2611.60 and a total amount payable of £10611.60.
What do we offer?
Hire Purchase
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In a hire purchase agreement, the buyer makes an initial down payment and pays the remaining balance plus interest in installments.
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At the end of the term, there is a purchase fee (typically between £1-£10).
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Once the final payment and purchase fee are paid, the vehicle is yours.
Hire Purchase with a balloon
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Similar to a Hire Purchase agreement. Though, the last payment is a lump sum.
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This helps to reduce monthly payments.
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The lump sum at the end of the agreement can be refinanced, paid off, or you can sell or part exchange for a new vehicle to pay this off.
Refinancing
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You have an existing agreement with another company.
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You request a settlement from that company.
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The settlement can be refinanced with us.
Our Process
1
Proposal Stage
The proposal stage marks the beginning of the vehicle finance process, where we gather your information to determine if you qualify for finance. At this point, you don't need to have chosen a specific vehicle - just have an idea of your budget. We will also discuss whether you have a deposit or a car to part exchange.
2
Acceptance
Once your application is approved, you can either begin searching for a vehicle or move forward with finalising the finance agreement if you’ve already selected one. At this point you may be asked to make a small deposit, direct to the dealer, to hold the vehicle for you. Once you are happy to continue you will complete ID verification, review and sign the required documents, and leave the rest to us.
3
Collection
The final stage is collection. At this point, all arrangements with the dealer have been finalised, payment has been made, in readiness for when you want to collect the vehicle. This is also when you will pay the balance of your deposit or part exchange your existing vehicle, with the dealer. You are now ready to drive away and enjoy your new vehicle.
4
Continued Support
At Tracer Finance, we are pleased to provide our continued support, even after our customers’ have collected their vehicles. We are here to assist in any refinancing requirements or settlements that may be needed during the term of the agreement. We are happy to help with any finance requirements that may arise along the way.