Nissan Finance Explained | Portadown, Co. Armagh

How Does Nissan PCP work?

Let us know how much you'd like to pay as a deposit, we will calculate your monthly payment based on your maximum annual mileage to suit your needs. We can calculate your Optional Final Payment depending on your individual driving requirements.

You can choose from three options when your agreement comes to an end:

1. Drive away a new Nissan

If the vehicle is worth more than the Optional Final Payment amount, you can part exchange your Nissan by putting the difference towards a deposit on a brand new Nissan.

2. Return your Nissan

You can choose to return your Nissan and pay nothing assuming it is in good condition and within the agreed mileage limits.

3. Keep your Nissan

Keep and own your vehicle, just pay the Optional Final Payment and drive away happy.

How Does Hire Purchase Work?

Hire Purchase involves paying off the cost of your vehicle with interest on a monthly basis. Hire purchase is a popular choice for both personal finance but also a great choice for businesses.

Similar to PCP you let us know what kind of deposit you'd like to pay and we will calculate your monthly payments (including interest) for the duration of the contract. At the end of the agreement, when all payments have been made (including the Option to Purchase Fee) the vehicles ownership will be transferred to you

The interest rate charged on the finance will remain unaffected by any future changes in interest rates.

The initial payment is flexible.

Fixed monthly payments are not subject to VAT.

Taxation benefit from writing down allowance.

No mileage restrictions.

Shelbourne Motors Ltd is an Appointed Representative of Automotive Compliance Ltd, who is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Shelbourne Motors Ltd to act as a credit broker, not as a lender, for the introduction to a limited number of lenders and to act as an agent on behalf of the insurer for insurance distribution activities only.

We are a credit broker and not a lender. We can introduce you to a limited number of lenders and their finance products. We are not an independent financial advisor and we act as their agent for this introduction. We may advise you on the products, subject to your personal circumstances, though you are not obliged to take our advice or recommendation. 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). For your reassurance, all of the lenders we work with could pay commission at different rates, but the commission we receive does not influence the interest rate you will pay. Our aim is to secure finance for you at the lowest interest rate you are eligible for from our panel of lenders. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.

Automotive Compliance Ltd, The Factory, 44 Alfred Street, Gloucester, GL1 4DD Telephone: 01452671560 E-mail: complaints@automotive-compliance.co.uk

If we cannot resolve your complaint within 8 weeks, you may refer your dispute to the Financial Ombudsman Service. This service is free to use. Their consumer helpline is available on 0800 023 4567 or 0300 123 9123 or you can visit their website at www.financial-ombudsman.org.uk