Why buy new when you can buy NEARLY new

Nearly New Cars

We look at the best deals on the Market

Today's car buying market is a mind field. Many buyers are asking for the best advice on what car they should buy, Should they look for low miles or Which car is going to hold its value the best, but most importantly the biggest question asked, is the car going to be reliable.

The problem with buying a BRAND new car is you will loose so much money within the first 6 months of ownership, in fact, as much as £3000 as soon as you sign the log book and put the "first keeper" on it. 

Wearside Autoparc stock nearly new cars. Cars which are typically 27,000 miles and about one and half year old. The savings in the nearly new market can be massive. You will find that these car's are still under the manufacturers warranty. 

Take the hugely popular Nissan Juke ( Pictured Below ) 

This car is a 2014 (14) car with only 24,387 Miles on it. Its in the most desirable colour of white also. You can look to buy, Yes buy this car from £187 Per month. 

HP

Cash Price                               £8999

Interest:                                    £2249.75

APR:                                        10.4 % 

Flat Rate:                                 5%

Total amount repayable:          £11248.75

Term:                                       60 months

Monthly Payment:                    £187

Doc Fees:                                £350 ( Option to spread these over term of loan )

At the end of the 60 Months, The finance is paid, and you are the legal owner of the car. 

Here’s how a PCP works

A PCP plan can last anything from 18 to 48 months, but the typical term is 36 months. At the end of the term, you have three options. You can:

• pay an additional amount to secure ownership of the car
• return the vehicle and walk away (or get a lift home!)
• terminate the arrangement and take out another PCP for a new car.

Most PCPs insist on a deposit, typically about 10% of the purchase price of the vehicle. Some finance companies offer no-deposit deals, but they are not widely available.

The Guaranteed Minimum Future Value (GMFV), sometimes known as the ‘balloon payment’, is the key to understanding a PCP. 

When you apply for a PCP, the finance company calculates a predicted minimum value for your car at the end of the agreement.

Let’s say you sign up for a PCP over 36 months to buy a car with a windscreen price of £24,000.

The PCP provider calculates that the car will be worth at least £14,000 after three years – that’s the GMFV. This means you’ll need to borrow the difference between the purchase price and the predicted value: £24,000 – £14,000 = £10,000.

We feel the easier option to car ownership is the HP route for these reasons.

• Flexible repayment terms
• Zero Deposit 
• Fixed Interest rates, so you know exactly what your're paying every month
• Once you have paid half the cost of the agreement you can we return it with nothing more to pay

Poor Credit 

There are now specialists lenders within the car finance sector who deal with people with bad credit. So If you have slipped up in the past its always worth firing an application over if your truly interested in buying a car. You will learn that the vast amount of applicants are approved. 

You can apply online here at  www.wearsideautoparc.co.uk/finance-application