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Snowbird have been brilliant to deal with from the very start. I never feel like we are just a number, as with some other finance providers, and feel their service is personal and professional. They are always there to help, and the portal is so easy to use. I also love that they send me an email to follow up with patients who haven't completed the online form because sometimes this is hard to keep track of when you are running a busy practice.
Katey Wilson, Practice Manager
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Buying a car with a Lease Purchase (or Personal Contract Plan – PCP) is great for people who want to keep their monthly payments as low as possible. Snowbird can find the right finance company at the best rates for your budget and situation, even if you have a poor credit rating.
You will be required to pay a deposit (normally a minimum of around 10% and a maximum of 50% of the total vehicle price), then fixed monthly instalments for the duration of the agreement and a final agreed deferred payment. Usually the larger the deposit you pay, the lower the monthly instalments. At the end of the agreement you have 3 options:
1. Pay the deferred final payment and keep the car
2. Sell the car privately to fund the final payment
3. Hand the car back to the dealer.
If the car is worth more than predicted, then the difference can be put towards the deposit for a new car.
A lease purchase scheme is also an affordable way of acquiring a new vehicle as it allows you to opt to reduce your monthly instalments by paying a final balloon payment.
Interested in a lease purchase agreement? Contact us to discuss the best deal to suit your needs and you could have your new vehicle within 48 hours!