Here at Wilson and Co we believe that buying your next car or van should be as hassle-free and enjoyable as it possibly can be.
When purchasing a new car or van there are a number of different Personal Finance options available to you to help you decide on the best way to purchase your car.
If you are VAT registered or looking to purchase through your business, we have a specialist team who can help look at the best funding methods.
Our Specialist Automotive Finance (SAF) Approved status recognises our company’s continued commitment to increased professional standards and motor finance knowledge and ensures consistently high standards.
Wilson and Co Are SAF Approved
At Wilson and Co all of our dealerships are SAF Approved and all our customer-facing employees who are involved in the sale of finance have passed the SAF competence test. This gives our customers complete peace of mind.
CarFinanceChecker is a new and unique service which allows you to check your eligibility for a finance offer on the vehicle you want to buy from Wilson and Co. The service is completely free and does not impair your credit rating by not leaving a footprint.
By going through CarFinanceChecker, you will be able find a finance product that best suits your credit profile. It will also show you ways to increase the likelihood of getting that one car you really want.
The website uses a sophisticated credit decisioning engine which predicts the likely lending verdict from each provider of finance.
Check out the above video. This further explains how the free service works.
Personal Contract Purchase (PCP) is a popular choice for car finance. It offers good flexibility at the end of the agreement, together with low, fixed monthly payments. This is perfect if you are opting out of your company car scheme, for example.
Your company car allowance can fund your monthly payments, but there is no company car tax to pay. At the beginning of the agreement your car's future value is calculated based on mileage and age. This is deferred as a final 'balloon' payment.
With PCP you don't have to commit to buying the car at the outset. You use it for an agreed period of time and then decide at the end of this period what you would like to do.
Choosing to pay this way often means you can drive a higher spec vehicle for a lower monthly payment.
Conditional Sale, often referred to as Hire Purchase, is one of the most common ways to finance a new or used vehicle, and is probably the most straight-forward and easy to understand method of vehicle financing.
Conditional Sale assumes that you want to eventually own the vehicle at the end of your finance term, so simply splits the total cost of the vehicle (minus your deposit) over the duration of your plan.
Once the last monthly payment has been made, the vehicle is yours.
If you choose to buy a vehicle under Hire Purchase (HP) you enter a contract where you would pay for the vehicle in parts. This is calculated by the value of the vehicle along with the interest added and divided into pre-determined amounts.
It is different to a traditional loan as you do not own the vehicle until the the loan has been paid off. The debt is secured against the vehicle, meaning you are not allowed to sell it until the debt has been cleared.
This means you are borrowing money for the vehicle and the loan is secured against it. When you have paid all the finance owed, the car is yours.
Is it suitable for you? HP car finance would be a suitable option for you when you know you’ll be keeping the vehicle for a while.
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Bolton Great Manchester
Grimsby North Lincolnshire
Scunthorpe North Lincolnshire
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