Telephone: 01977 672583

Finance at Springfield Garage in Knottingley, West Yorkshire

At Springfield Garage, we want your vehicle purchase to be as smooth as possible, including choosing the correct finance method to best suit your circumstances.

On this page you can read the basics of the various options on offer. Please feel free to call us and speak to one of our experts for more thorough information

Hire Purchase (HP)

With HP, you pay a deposit and pay off the value of the car in affordable monthly instalments with the loan secured against the car. This means you don't own the vehicle until the last payment is made.

  • Any outstanding finance must be settled if the vehicle is sold.
  • You do not own the vehicle outright until the final payment is made.
  • Your vehicle is at risk of repossession if you do not maintain contractual payments.
  • You must not sub-lease or rent the vehicle to a third party.

Personal Contract Purchase (PCP)

Currently the most popular way to finance a car and is essentially a long-term loan agreement. Monthly repayments tend to be lower and at the end of the term, you have a few options:

  • Return the vehicle.
  • Put any equity value of the car towards the purchase of your next vehicle.
  • Pay the ‘balloon’ payment and take fully ownership of the vehicle.
  • This is ideal if you like to change your car every few years.

Springfield Garage are a credit broker and not a lender. We are Authorised and Regulated by the Financial Conduct Authority. FCA No: 00657561 Finance is Subject to status. Other offers may be available but cannot be used in conjunction with this offer. We work with a number of carefully selected credit providers who may be able to offer you finance for your purchase.

We do not charge you a fee for our services. Whichever lender we introduce you to, we will typically receive commission from them (either a fixed fee or a fixed percentage of the amount you borrow). A customer may ask for commission disclosure at any time from our initial discussions through to the point when their agreement is set live.