We offer a financial service to match your needs and requirements.

Here at Cars2 we offer a dedicated service to meet the requirements of both individuals and businesses, however large or small. Our aim is to help you select the most suitable car finance plan we can then tailor a package to match your needs.

As you can see our extensive range covers all the requirements you may need.

We also offer maintenance plans for your new vehicle as well as payment protection plans for you, such as GAP and VRI are available to bridge any shortfall should your vehicle be stolen or written off.

Please contact us if you require information.
Need to know what you can afford? Use our Finance Calculator

What we have available.

• Hire Purchase
• Personal Contract Plan
• Contract Hire
• Finance Lease

Hire purchase is frequently the first choice for many people when financing there new vehicle, and is easy to understand.

1. Pay your agreed deposit to Cars2.

2. Repay the balance as fixed monthly payments over an agreed number of months.

3. At the end of the period, and subject to all payments having been made including the final option to purchase fee the vehicle is yours to keep, sell or trade in for a new vehicle.

Hire purchase is straightforward and easy to use:

This is as easy as ...1...2...3

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Cars2 Renew is a flexible way of financing your car it gives you flexibility in the size of deposit you pay, the length of your agreement, and also the choices you are offered at the end of the term, what is more because Cars2 agrees the cars minimum future value (the final payment) up front you benefit from reduced monthly payments right from the start.

Renew is flexible because it can be tailored to meet your requirements and circumstances, deposits can start from the equivalent of one monthly payment in advance. A choice can be made about the length of your agreement any month between 18-42 can be chosen, and the contract mileage up to 25,000 miles per annum or 80,000 throughout the entire agreement.

The key to Renew is to match the monthly payments to your motoring budget, this is achieved by setting aside a final payment which is a proportion of the cars present value at the start date of the contract, which becomes payable at the contract end.

Lets take a car say worth 10,000 Cars2 have a computer that gives us the guaranteed future value of that vehicle lets say in three years time, we deduct that future value from the selling price right now leaving you to pay on the small balance plus of course the cost of money i.e. the interest, and that's it. Now select your vehicle and get going.

YOU THEN HAVE THREE OPTIONS AT THE END OF THE AGREEMENT

1. all or part of the difference if any between the final payment and your vehicle trade in value can be used towards the deposit on your next vehicle.

2. the final payment (including the option to purchase fee) can be paid and you can simply keep the car.

3. you can decide to hand back the car to Cars2/finance provider, and providing all the obligations of your agreement have been met you will have nothing else to pay.

THE MAIN BENEFITS AT A GLANCE

Fixed monthly payments
Flexible term and deposit
Guaranteed minimum future vehicle of the vehicle (the final payment) agreed at the outset
Inflation proof payments

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Contract hire is frequently the first vehicle financing choice for businesses. It provides the use of a vehicle at a fixed monthly cost that can even include full servicing/maintenance costs, tires and road fund renewal. This delivers a regular motoring cost for budgeting purposes; contract hire also enables a flexible method of off balance sheet funding.

Current UK tax legislation also helps to keep contract hire costs lower.
Businesses may be able to reclaim up to 50% of the vat payable on the monthly rentals if for registered business users with a proportion of private vehicle usage.
Additionally the full vat on the service /maintenance element (if taken) may be recoverable in full.
Contract hire additional options
Servicing costs
Maintenance costs
Tyre replacement (for normal wear only)
A replacement vehicle following an accident or breakdown or during services Contract hire is available on 12 to 36 months terms.

The level of the monthly payment is calculated according to...

1. the value of the vehicle
2. the initial rental
3. the length of the rental period (12 to 36 months)
4. the agreed annual mileage
5. the exact package to suit your needs

After the agreed period you return the vehicle and there is nothing more to pay as long as all payments are met and all terms and conditions of the contract have been met.

Taxation, legislation and accounting practices are subject to change and current business allowances can be changed at any time, for guidance you should contact your own financial advisor in these regards

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Finance leasing is a long established vehicle financing method for businesses and business users alike; it can offer significant tax advantages and can benefit cash flow.

Once the lease period of usually between one to four years is agreed, the business pays an advance payment equal to between three and six monthly rentals. The choice is then made to spread the remaining balance over the remainder of the period or choose to have a larger balloon rental at the end of the term. This has the effect of keeping the monthly rentals lower, tax legislation also helps to keep finance lease costs lower as you may be able to reclaim up to 50% of the vat on the monthly rentals, if you are a registered business user with an amount of private mileage.

The level of the monthly rental is determined according to,

1. the value of the vehicle
2. the initial rental (3 to 36 months)
3. the length of the repayment period (1 to 4 years)
4. the amount of the final balloon payment at the end of the arranged period

After the arranged period the vehicle is the property of the business subject to the terms of the contract being met.

Taxation legislation and accounting practices are subject to change and current business allowances can be changed at any time, for specific guidance you should contact your own financial advisor in these regards.

Please contact us if you require further information.