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.