The Chelmsford Carriage Company Limited - 01245475100

A POSITIVE APPROACH TO MOTOR FINANCE

At The Chelmsford Carriage Company we provide a variety of different Hire Purchase funding schemes to meet the needs of all our used car buyers. So if you’ve seen a car you like simply tell us how much you can afford each week or month and we’ll explain how we could help make it yours.

RECEIVED THE BEST FINANCE DEAL?
DON'T BANK ON IT!

Many car buyers automatically contact their bank when buying a car. This may not be in your best interests as very often better finance deals are available elsewhere. Finance from a motor finance specialist such as The Chelmsford Carriage Company includes important free independent checks on the car being purchased.

In a world of uncertainty you need to be sure that when you purchase your dream car that you are getting the best possible finance deal. At The Carriage Company we endeavour to ensure that this is always the case - we have over 18 years experience in the motor finance market and are established as one of the UK’s leading independent motor dealers.

ALWAYS ASK YOURSELF THE FOLLOWING QUESTIONS BEFORE YOU DECIDE ON HOW TO FINANCE YOUR NEXT CAR:

Is The Interest Rate Advertised The Rate You Really Pay?
Many direct lenders influence the customer by offering what seems to be a competitive headline low rate (always subject to status!) – these low rates look great on paper and are used to hook you into applying for the finance however once accepted you might find that surprise suprise you do not fit their lending criteria and may well be offered a higher rate.

In some cases the low rate is only avalible if you take out the lenders payment protection insurance which will increase your monthly payments.

At The Carriage Company we guarantee that the rate you see is the rate you pay. We offer fixed rate motor finance packages - so that no matter what happens to the money market the interest rate that you pay remains constant from agreement start to end.

There Is No Need To Lock Yourself Into An Unrealistically Long Loan Agreement.
Ensure you do not enter a loan agreement which stretches repayment periods way beyond the amount of time you are likely to keep the car, in order to lower monthly repayments.

Let's face it, this does not help you at all - because you are left paying for the car long after you have sold it - or stuck with a car you no longer want.

You Can Take Delivery Of Your New Motor Car Faster
Using your own cash, or borrowing from a bank/other lender means that we need to wait for the funds to clear into our bank account before delivery can be arranged.

The amount of time it takes for some direct lenders to process your application could mean that you miss out on the car you want altogether. With The Carriage Company arranging your finance, once your finance is approved, just about all we need is your signature.

When You Use Us To Arrange Your Finance You Can Be Sure You Are Dealing With A Reputable Dealer Which Ensures Your Rights Are Protected
At The Carriage Company, we take our responsibilities to you under the terms of the Consumer Credit Act very seriously. We fully accept that vehicles financed by us must be fit for purpose. Not surprisingly therefore, all the cars we sell undergo a rigorous 114 point pre delivery check together with an independent RAC inspection.

The Cars History Is Always Checked Out By Us
The Carriage Company checks out all cars with Hire Purchase Information (HPI) before the finance is approved, to ensure they are not the subject of outstanding finance, stolen or an insurance write-off. With a private purchase - who checks out where the car came from?

Gap Insurance (Guaranteed Asset Protection)
RTI Insurance (Return To Invoice Insurance)

Because of these problems many car-buyers in this age group organise the purchase of their car from their windfall income. Often this is a lump sum received from their retirement or from an inheritance.

*APR stands for Annual Percentage Rate and illustrates what the interest rate would be if interest was paid and compounded each year.

Finance Example:

Finance advanced over 4 years - £8,000
Monthly payments - £209.10
Final payment (inc. optional fee) - £259.10
Document Fee (spread throughout agreement) - £175
Total payment - £10.086.80

TYPICAL % APR is 11.9%

To help car-buyers over 55 years of age, we have introduced the Freedom plan.

The Freedom plan offers retired and employed homeowners aged over 55:

• A competitive interest rate - 11.9% TYPICAL APR*
• No need to disclose income
• Finance for all new and used cars up to 5 years of age (minimum advance £1500)
• Finance available up to age 70
• Faster delivery of new car
• Finance protection available against unemployment, sickness, accident and death
• GAP Insurance
• Warranty protection available.

BENEFITS OF THE FINANANCE FREEDOM PLAN

Safeguard Your Savings
Why use your cash, when you can use ours at such competitive rates? If you want to change your car now, why wait for money on deposit to mature or incur penalty charges when this facility is ready for you today?

The Car Is Checked Out By Us
Chelmsford Carriage Company checks all cars with Hire Purchase Information (HPI) to ensure that they are not the subject of outstanding finance, stolen or an insurance write-off before the finance is approved. This check is not always provided when high street banks provide finance.

Finance Available Up To Age 70
Simply complete the employer name and address details on our finance application form - if employed - otherwise we simply need details of your past employment and a copy of your driving licence, to help us combat the fraudulent use of your details by others, and to confirm that you qualify to benefit from our Freedom plan. No salary or income details are required on our simple confidential application form.

Peace Of Mind - Fixed Interest Rates
Freedom is a fixed rate specialist car finance package. The interest rate you start with will stay with your agreement no matter what happens to the money markets. This enables you to budget your finances in the future ensuring that you are not subject to the unpredictable nature of interest rate changes. The current typical interest rate is 11.9% APR*.

The Car Is Independently Inspected By The RAC
At the Carriage Company, we take our responsibilities to you under the terms of the Consumer Credit Act very seriously. We fully accept that vehicles financed by us must be fit for the purpose intended. Not surprisingly therefore, all our cars undergo a rigorous 114 point check and an independent RAC inspection before you take delivery. But with a private purchase - who has checked out the car you are buying?

Take Delivery Of Your Motor Car - Without Delay
Using your own cash, borrowing from a bank or other lender results you waiting for the funds to clear before delivery of your car can be arranged. But with a Freedom plan once approved, just about all we need is your signature on the agreement.

INDEPENDENCE

We recognise the special requirements our younger customers aged between 18 and 23 who are often penalised by finance companies with higher interest rates or with the request to provide guarantors. As a result this leads many car-buyers in this age group to undertake unwise motor purchases in the private market. This includes the purchase of:

• Cars with outstanding finance
• Cars which have been written off
• Cars which are stolen
• Cars without a warranty
• Cars with no service history or proper pre-delivery service/inspection

The Independence Plan ensures that car-buyers in this age group are able to buy newer cars, which are more economical and reliable, therefore allowing purchasers to receive greater peace of mind.

The Independence Finance Plan Offers Car-Buyers:

• Finance to purchase any new or used car up to 5 years' old (Vehicle should be below 1400cc and below group 7 insurance)
• A competitive interest rate
• No minimum deposit
• No guarantor required for amounts up to £5000
• Finance protection available against unemployment, sickness, accident and death
• GAP Insurance
• Warranty protection available

In return, the Independence finance plan requires:

• Comprehensive motor insurance
• Full UK driving licence
• Proof of employment

BENEFITS OF THE INDEPENDENCE FINANCE PLAN

The Car Is Independently Inspected By The RAC
At the Carriage Company, we take our responsibilities to you under the terms of the Consumer Credit Act very seriously. We fully accept that vehicles financed by us must be fit for the purpose. Not surprisingly therefore, all our cars undergo a rigorous 114 point pre delivery check and are subjected to an independent RAC inspection before you take delivery. With a private purchase - who has checked out the car you are buying?

The Cars History Is Checked Out By Us
The Carriage Company checks all cars with Hire Purchase Information (HPI) to ensure they are not the subjects of outstanding finance, stolen or an insurance write-off before the finance is approved. With a private purchase - who checks out where the car came from?

You Do Not Have To Utilise Your Savings On A Deposit
The Independence plan has no minimum deposit requirement. In addition the plan will fund up to 95% of the book valuation of the car (for customers who opt for GAP protection), otherwise 90% of the book value will be funded.

Peace Of Mind - Fixed Interest Rates
Independence is a fixed rate specialist car finance package. The interest rate you start with will stay with your agreement no matter what happens to the money markets. This enables you to budget your finances in the future, ensuring that you are not subject to the unpredictable nature of interest rate changes.

Avoid The Need For A Guarantor
Independence does not require parents or others to guarantee your finance agreement up to £5,000 - subject to satisfactory credit reference agency search, product parameters and the free HPI vehicle check.

Ensure Your Car Is Protected If Written Off (GAP)
Gap Insurance gives you essential protection if your car is written off or stolen. It provides cover for any shortfall and "bridges the gap" between the amount you receive from your motor insurer and the amount that is required to settle your finance agreement. This cover can be provided when you take out an Independence finance plan and will protect your car for the full term of your loan up to 60 months.

BREEZE

Buying a car is one of the biggest decisions that you will make. It is especially important that not only do you find the right car but that you find the best way to finance the car of your choice.

There is now a wide range of motor finance options available to the used car-buyer.

However, the Breeze Plan enables you to significantly increase your purchasing power, without significantly changing the monthly repayment by deferring repayment of a proportion of the amount borrowed until the end of the agreement. This amount (known as the balloon payment) is set when you buy the car and is placed at a level, which is below its likely trade-in value in two or three years' time. If there is a positive difference in the trade-in price from the dealer and the balloon amount, this will be your deposit for your next car.

• Finance to purchase any new or used car up to 5 years old - maximum mileage at inception 60,000
• The ability to defer an amount of the loan until the end of the agreement (balloon payment)
• A competitive interest rate
• Finance protection available against unemployment, sickness, accident and death
• No minimum deposit
• A minimum advance of just £2500
• GAP Insurance
• Warranty protection available

BREEZE - SUMMARY OF BENEFITS

Buy A New Car Every Two Or Three Years
At the end of the agreement, all you need to do is return to us and trade your car in for another one. This is possible because we will always seek to set the balloon amount at a level which is below what the likely trade-in value of the car will be after two or three years. So the difference between the trade-in price and the balloon amount (plus Option to Purchase fee) will be your deposit for your next car.

No Need To Lock Yourself Into An Unrealistically Long Loan Agreement
Ensure that you do not enter a loan agreement which stretches repayment periods way beyond the amount of time you are likely to keep the car, in order to lower the monthly repayments. Let's face it, this does not help you one bit - because it leaves you still paying for the car long after you have sold it - or being stuck with a car you no longer want.

We have ensured that the balloon amounts we set on Breeze are as sensible as possible, to ensure that you will be pleased to return to us at the end of your agreement for another car.

Helps You To Buy A Better Car
For those customers who usually buy their cars on a two or three-year purchase plan, Breeze allows you to significantly increase your purchasing power, but without significantly changing your monthly repayment, simply by deferring the extra you want to borrow until the end of the agreement. Subject to a minimum advance of £2,500 and a minimum monthly repayment of £100. So now you can have the car you really want.

No Need To Use Your Savings On A Deposit
Breeze has no minimum deposit requirement.

Peace Of Mind - Fixed Interest Rates
Breeze is a fixed rate specialist car finance package. The interest rate you start with will stay with your agreement no matter what happens to the money markets. This enables you to budget your finances in the future ensuring that you are not subject to the unpredictable nature of interest rate changes.

The Car Is Independently Inspected By The RAC
At The Carriage Company, we take our responsibilities to you under the terms of the Consumer Credit Act very seriously. We fully accept that vehicles financed by us must be fit for purpose. Not surprisingly therefore, all our cars are subjected to a rigorous 114 point pre delivery check and an independent RAC inspection.

The Car You Are Financing Is Checked Out
We check all cars with Hire Purchase Information (HPI) to ensure they are not the subjects of outstanding finance, stolen or an insurance write-off before the finance is approved. Giving you valuable peace of mind.

TIME OUT

There are now a wide variety of motor finance options available to the used car-buyer. The Carriage Company Finance Time-out Plan enables you to build flexibility into your finance agreement, by choosing to take a repayment holiday on a set agreed month of each year of the loan agreement.

This holiday break is chosen by you at the time of purchase and allows a repayment break when you most need it:

December - Take a break from your monthly repayments before Christmas and help your cash flow when you need it most.

August - Take a break from your monthly repayments when you go on holiday to ensure you can afford those extra luxuries during your vacation.

Or choose another month to suit your own individual needs.

In addition to the repayment holiday break, there is no finance payment required in the first month.

The Time-Out Finance Plan Offers Buyers:

• Finance to purchase new or used cars
• The ability to take a repayment holiday each year
• No finance repayment required in the first month
• A competitive interest rate
• GAP Insurance availability

In Return The Time-Out Plan Requires:

• No minimum deposit
• The finance agreement not to exceed 48 payment instalments
  

THE BENEFITS OF THE TIME OUT FINANCE PLAN

Enjoy A Break From Your Monthly Repayment
When you finance your car with a Time-out finance plan, nominate a month of the year when you would like to take a repayment holiday and you will receive the advantage of this reduction in your monthly household expenses during this month, for every year of the finance agreement. Holiday payments are added to the end of the loan period and will be shown within your credit agreement.

No Need To Use Your Savings On A Deposit
Time-out has no minimum deposit requirement. We will fund up to 100% of the book valuation of the car.

Peace Of Mind - Fixed Interest Rates
Time-out is a fixed rate specialist car finance package. The interest rate you start with will stay with your agreement no matter what happens to the money markets. This enables you to budget your finances in the future, ensuring that you are not subject to the unpredictable nature of interest rate changes.

The Car Is Independently Inspected By The RAC
At The Carriage Company, we take our responsibilities to you under the terms of the Consumer Credit Act very seriously. We fully accept that vehicles financed by us must be fit for purpose. Not surprisingly therefore, all our cars undergo a rigorous 114 point pre delivery inspection and are subjected to an independent RAC inspection before you take delivery.

The Cars History Is Checked Out By Us
The Carriage Company checks all cars with Hire Purchase Information (HPI) to ensure they are not the subject of outstanding finance, stolen or an insurance write-off before the finance is approved. Giving you valuable peace of mind.

Ensure Your Car Is Protected If Written Off
Gap Insurance gives you essential protection if your car is written off or stolen. It provides cover for any shortfall and "bridges the gap" between the amount you receive from your motor insurer and the amount that is required to settle your finance agreement. This cover can be provided when you take out a Time-out finance plan and will protect your car for the full term of your loan for up to 60 months.

GAP AND RTI INSURANCE

“More than 350,000 vehicles are stolen in the UK each year.* Over 450,00 cars are written-off because of accident damage”.**

More and more cars are being stolen every day - In the UK a car is stolen nearly every two minutes, more than a third of these are never recovered. Speeding violations by joy-riders are also on the increase, resulting in a growing number of write-offs. You have probably taken steps to protect your vehicle, but have you taken steps to protect your outstanding settlement figure?

Lets face it everyone knows someone who has had a poor insurance payout.

GAP Insurance (For Cars With Oustanding Finance)

The Carriage Company is able to provide a solution and "bridge the gap". GAP Insurance gives you essential protection if your car is written off or stolen. It provides cover for any shortfall between the amount you receive from your motor insurer and the amount that is required to settle your finance agreement.

Without the benefit of GAP Insurance, not only would you suffer the trauma of losing your vehicle, but also an insurance write-off could leave you financially worse off. For these reasons we strongly recommend GAP Insurance Protection.

One payment covers you for the whole of your finance agreement, up to a maximum of 5 years. Cover is limited to a maximum of £10,000.

* Figures provided by www.secureyourmotor.gov.uk (Nov 2005).
** Figures supplied by HPI, the UK's leading independent vehicle information authority (Nov 2005).

GAP Insurance Example
Mr Stone bought a BMW 320i SE in May 2002 for £19,850. In July 2004, his vehicle was involved in an accident. As a result, his car was written off by the motor insurance company who agreed a settlement figure of £11,200.

However, this left Mr Stone without a car and still owing £4,725 to his finance company to settle his agreement.

Fortunately for Mr Stone, he had taken out GAP Insurance which paid the outstanding settlement to his finance company, leaving him free to purchase another vehicle.

RTI Insurance (For Cars Not On Finance)
Even if we are not financing your car you can still enjoy the benefits of RTI Insurance.

If your car is written off through accident, fire or theft, RTI Insurance can pay the difference between your insurance company’s payout and the amount paid for the car.

One payment covers you for up to 3 years and you will receive the full purchase price of your car back if it is written off or stolen.

Cover is limited to a maximum of £10,000.

RTI Insurance Example
Mr Smith bought a Porsche Boxster in January 2003 for £26,250. In July 2005 his vehicle was stolen. As a result his car was written off by his insurance company who agreed a settlement figure of £16,500.

However this left Mr Smith without his car and only £16,500 available for a new one.

Fortunately for Mr Smith he had taken out RTI Insurance, which paid him out £9,750 leaving him with £26,250 available to spend on his new car.

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