A type of car finance agreement that has become increasingly popular in recent years. PCP stands for Personal Contract Purchase and is a loan that is used to purchase a vehicle. The borrower makes regular payments over a set period of time, typically three to four years, with the option to purchase the car at the end of the term. The key benefit of a PCP agreement is the flexibility it offers. The monthly payments are typically lower than other forms of car finance, and you have the option to trade in the car for a new one or return it at the end of the term.

At James Murray Finance, we can help you secure a PCP agreement that is tailored to your individual circumstances.

Hire purchase is a popular financing option for individuals looking to purchase a car. With Hire Purchase, you can spread the cost of a car over a period of time without having to pay for it all upfront. Essentially, you hire the car from a finance company, normally paying a deposit at the start of the agreement. You then make monthly payments over an agreed term, typically 2-5 years, until the full balance of the car is paid off. Once you've made the final payment, you own the car outright.

At James Murray Finance, we have access to a panel of lenders who offer Hire Purchase agreements for all types and age of car.

Lease Purchase and Hire Purchase with Balloon are flexible and affordable ways to acquire a car, allowing you to spread the cost over a period of time. With Lease Purchase, you make monthly payments and have the option to purchase the vehicle at the end of the term. These agreements are similar to a PCP but without the guarantees of handing the car back to the finance company.

James Murray Finance offers lease purchase options for individuals and businesses, with a variety of terms and repayment options to suit your needs.

Lease Purchase can be a popular choice for older vehicles that don’t always qualify for a PCP. We can help guide you through the process, ensuring that you understand your options and make an informed decision. Whether you're looking for a personal car or a company vehicle, we can help you find the right Lease Purchase solution.

Re-financing a car means taking out a new loan to pay off an existing car loan. This might be a practical solution if you have a balloon payment due on your existing agreement and would like to keep the car in the short or long term.

Alternatively, a re-finance agreement can be explored if the new loan comes with more favourable terms, such as lower interest rates, smaller monthly payments, or a longer loan term.

Re-financing can help borrowers save money on their car loan, reduce their monthly payments, or pay off their car loan faster.

Equity release is a process that involves using the equity in a vehicle that you own as collateral for a loan. The car acts as security against the borrowed funds. This type of financing can be available if you own a vehicle outright or have a large amount of equity remaining.

Clients often turn to equity release when they face time constraints or funding difficulties in purchasing an asset, especially when the asset is located overseas and a quick financing option is needed.

James Murray Finance can help by finding a lender that offers equity release on your specific car. We can also assist in finding the best terms and rates for the loan, ensuring that you get the most favourable deal possible.