Finance

We have been arranging competitive finance for our customers since Alexander David Motor Company was established in 1996.

As we sell a diverse range of vehicles, we tailor our finance packages individually. If your existing vehicles is subject to a finance agreement we can still take your car in part exchange. As a result we can offer various schemes. Some examples of which we have outlined below.

HIRE PURCHASE

A straightforward method of funding. After paying an initial deposit, the balance of capital and interest is paid by fixed monthly payments over an agreed period, usually from 1 to 5 years.

The interest rate is fixed and the start of the agreement and does not vary, irrespective of how interest rates may change over the period.

LEASE PURCHASE

This plan is similar to hire purchase, but offers greater flexibility. As a result most of our customers choose this scheme, as rentals can be structured to suit your cash flow situation.

Advantages include a lower deposit and reduced monthly payment. This is possible because a balloon payment, which is a percentage of the anticipated value of the car, is deferred until the end of the agreement.

The interest rate is fixed at the start of the agreement and does not vary, irrespective of how interest rates may change over the period.

Alexander David Motor Company Limited trading as Alexander David Motor Company Limited, is authorised and regulated by the Financial Conduct Authority (firm reference number is 680103). Alexander David Motor Company Limited is a credit broker and not a lender.

We can introduce you to a limited number of preferred lenders and/or brokers, also known as credit firms. Each of these may have different interest rates and charges.

We will not charge you a fee for an introduction to a credit firm but will receive a commission from them if you enter into a finance agreement. These commissions may vary between credit firms but they will be pre-agreed and are either a fixed fee or a fixed percentage of the amount you borrow.

If you would like to know more about our commission arrangements, please contact us. Flexlands Farmhouse, Station Road, Chobham, WOKING, SURREY, GU24 8AH. We are not able to provide financial advice or impartial recommendations related to finance. You must decide whether the finance is right for you.

Finance is subject to status (for example, your income, employment and creditworthiness) and approval. Finance is only available to permanent UK residents aged 18 and over. Terms and conditions apply. Excess mileage and damage charges may apply when vehicle returned.