Used Car Finance

Why Opt for a Used Car?

The benefits of buying a used car are numerous. Not only do you avoid the steep depreciation that comes with a new car, but you also enjoy lower insurance costs and, often, a proven track record of reliability. At Forza Finance, we appreciate the value that a used car offers and have tailored our finance options to make acquiring one both simple and cost-effective.

Used Car PCP Finance

What is PCP Finance?

Personal Contract Purchase (PCP) is a flexible finance option that allows you to drive the used car you desire without the financial strain of paying the full price upfront. With Forza Finance, you can secure a low-interest rate from our panel of specialist lenders, making the process of owning a used car both simple and affordable.

How Does PCP Finance Work?

PCP finance is structured to offer you maximum flexibility. Here's how it works:

• Initial Deposit: You start by paying an initial deposit, which can often be as low as zero depending on the offer.
• Monthly Payments: You then make fixed monthly payments over the term of the contract, which can range from 1 to 5 years.
• Guaranteed Minimum Future Value (GMFV): The GMFV is the estimated value of the car at the end of the contract. This amount is deferred, meaning you don't pay this during the term, and it becomes the 'balloon payment' should you wish to own the car at the end of the term.

End-of-Term Options

At Forza Finance, we believe in giving you the freedom to decide what's best for you. That's why at the end of your PCP term, you have several options:

Option 1: Return the Car

If you decide not to keep the car, you can simply return it to us. Provided you haven't exceeded the agreed mileage and the car is in good condition, there are no additional charges.

Option 2: Own the Car

If you've grown attached to your car and wish to keep it, you can make the final 'balloon payment'—the GMFV—and take full ownership of the vehicle.

Option 3: Part-Exchange for a New Car

If you're looking to upgrade, you can part-exchange the car for a new one. If the trade-in value is higher than the GMFV, you can use the difference as a deposit for a new finance agreement.

Benefits of Forza's Used Car PCP Finance

• Lower Monthly Payments: Our PCP plans offer affordable monthly payments, making it easier to manage your budget.
• Flexible Terms: Choose a term that suits you, ranging from 1 to 5 years.
• Guaranteed Final Payment: Know exactly what you'll owe at the end of your term.
• Wide Range of Cars: We offer finance on various types of used cars, from family cars to luxury vehicles.
• Expert Guidance: Our team of finance specialists are here to help you find the perfect deal.

How to Apply

1. Compare Finance Deals: Use our online calculator for an instant comparison of low-rate finance options. Get a quick decision with our Free Finance Check that won't impact your credit score.
2. Find Your Vehicle: Haven't chosen your vehicle yet? Our vehicle-sourcing service can help. Our experts will search our approved dealer network to find the perfect deal for you.
3. Arrange Collection: After finance approval, your Forza Finance Specialist will coordinate with the dealership, ensuring funds are transferred in time for your vehicle's collection.
    

Our Lenders

We compare a multitude of vehicle financing options from our select panel of lenders, ensuring you get the best deal possible. Our relationships with these lenders allow us to negotiate the most favourable terms on your behalf.

At Forza Finance, we're not just about providing finance; we're about making dreams come true. With our range of used car finance options, owning the car you've always wanted is closer than you think. Get in touch with us today and let's get you on the road.