Another happy customer drives off with their brand new Mclaren 720S!
Last week, our specialist motor finance broker team had a number of fantastic finance deals, which included some stunning motors! Another highlight was the stunning Mclaren 720S, which Krish Appiah successfully finance for his client under a Hire Purchase (HP) arrangement with an additional balloon.
Krish was able to work alongside United Trust Bank Limited from our comprehensive 80+ lending panel to find the best finance options for his client and offer a personalised package for the client, which included a £50,000.00 deposit, followed by monthly payments of £1,672.97 from an overall purchase price of £204,000.00.
The structure of HP consists of a deposit, with monthly payments making up the remaining finance amount. The benefit of this product is that it allows you to have complete control over the agreement as you can decide the deposit amount and the repayment term. HP also enables you to own the car at the end of the agreement. An optional balloon payment can be added to the end of the agreement, which will cut the monthly payment costs if needed. Then further finance options can be available once the balloon payment is due including Refinance.
Do you currently have a vehicle that you are thinking of refinancing? It is important to remember that the figures presented were specific to the actual client and each person's situation is different but here at Approved, we are dedicated to finding you the best possible finance option. If you feel that Refinance is a viable option for your current situation then please do not hesitate to get in contact to discuss your finance options with our specialist motor finance broker Krish Appiah on 01908 429888 or email him at Krish@approved-finance.co.uk.