Used Car Finance

Whatever your budget we can help make owning your new car affordable. We are experts in offering car finance to customers across the UK. If you have had trouble getting a used car elsewhere then give us a call to see if we can help, we have flexible finance deals to suit all budgets.

Jeff White Motors work very closely with the following finance providers to offer you a range of used car finance benefits:


Hire Purchase

Hire purchase is a simple, straightforward way to spread the cost of buying a new car. It's fixed rate finance - with a fixed monthly payment.

The deposit you pay is flexible - typically between 0-50% of the vehicle cost. The remaining balance, plus fixed interest, is repaid in equal instalments over an agreed period (12-60 months).

Why Consider Hire Purchase?

  • Low deposit - keeps valuable personal or business cash available
  • VAT free - no VAT on payments

Control - you decide the deposit, you decide the term

Fixed monthly payment - perfect for budgeting

Flexibility - doesn't compromise your other lines of credit

Assets - you gain vehicle ownership

Tax benefits - Tax allowances for business users


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Personal Contract Purchase (PCP)

Personal Contract Purchase is highly attractive and increasingly popular. It combines low, fixed monthly payments with exceptional flexibility at the end of the agreement.

Your car's guaranteed future value is calculated (based on agreed mileage and age) and becomes deferred as a final payment (balloon).

PCP is ideal if you're opting out of a company car scheme. You use your company car allowance to fund your PCP monthly payments without paying company car tax. Either:

  • Buy the car by paying an agreed minimum residual value
  • Or, subject to mileage and condition, return the car with nothing more to pay (e.g. if depreciation resulted in negative equity)

Part-exchange the vehicle for another

Sell the vehicle privately (settling the balloon)