FINANCE AT MCCOY MOTORS

Introduction to Finance facilities at McCoy Motors

 

At McCoy Motors we have a dedicated business manager, Margaret Freaney who can advise you on the finance package to best suit your needs. Our number one option is Volkswagen Bank, who offer extremely low interest rates, which can make changing your car more affordable than you think! SEAT Finance specialises in providing finance for SEAT vehicles through the VW bank, and as the choice of models continues to grow, so do the options available when selecting the most suitable method of finance.

 

Different customers' requirements vary so to meet an individual's requirements SEAT Finance offer a range of consumer finance plans that cover a broad spectrum of products in order to meet SEAT driver's motoring needs.

 

Explanation of finance types 

 

Personal Contract Plan (PCP) is a little different. You choose your deposit, between 10% and 30%. Depending on what you choose, we will then calculate your monthly fixed payment over 36 months. Volkswagen Bank will guarantee a minimum future value and defer this as your optional final payment.

 

At the end of the plan you have 3 options:

 

 

1. Part exchange for a brand new SEAT

2. Pay or refinance the optional final payment (and keep your SEAT) 

3. Hand back your car with no further payment (subject to fair return conditions)

 

Benefits of PCP

• Lower monthly payments,

• Allows you to drive a new SEAT every 3 years, 

• No need to worry about residual value, 

• Reduced maintenance costs ie NCT, 

• Please contact us to discuss further

 

Benefits off finance 

Hire Purchase is simple and very straight forward. You pay deposit or trade in your old car, and simply pay the balance in fixed montly payments over a period that suits you.

 

Benefits of Hire Purchase

• Minimal cash outlay - low deposits available

• Fixed interest rate for the duration of your agreement

• Fixed repayments available for ease of cash flow and budgeting

• Flexible terms - you choose the option to suit you

• Available for new and used SEAT