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Appointed Representative of ITC Compliance Ltd who are authorised and Regulated by the Financial Services Authority. No 478247.

Leewaycars provide a wide range of finance facilities which are detailed below. Leewaycars believes in providing all our exsisting and prospective customers with all the information required to make an informed decision from the comfort of their own homes. In addition, one can complete an application through our secure on-line proposal form.

The various packages available are as follows:-

Hire Purchase (HP)

Hire Purchase is Historically the most common method of funding a vehicle where the amount required to buy the prospective vehicle is repaid over a period of 12 months to a maximum of 60 months with interest. Hire Purchase is a secured loan against the vehicle. By choosing HP for funding your vehicle it gives customers much more protection and indeed rights under the Consumer Credit Act 1974 as opposed to a personal loan from a direct lender or a bank. It also means you still have the option to take out that bank loan for a Holiday or much needed Home Improvements!  

 Personal Contract Plan (PCP)

This method is the most cost effective way of funding your new vehicle. This type of agreement keeps your monthly payments to a minimum and also due to the way it works, you could choose a car that otherwise may have been too much using conventional funding methods. For example a £75 000 Lamborgini over 42 months would be approximately £700 per month! Once you have found the right car and the right deal you will then provide an estimated annual mileage. Based on the mileage provided the lender will calculate a Guaranteed Future Value which is then set in stone for the duration of your agreement.  At the end of your agreement you have three simple choices which are as follows:-

1) Fancy a new vehicle? If the value of your exsisting vehicle is more than the Guaranteed Future Value (GFV) the equity is a deposit on the new vehicle of your choice. If the value of your vehicle is less than the GFV the Lender has to give you the GFV so you simply start paying for your new vehicle on a fresh term.

2) Should you no longer require a vehicle or do not wish to continue funding any vehicle you can simply hand over the keys and walk away if the value of your vehicle is more than the GFV you can take a cheque and then walk away. If the value is less than the GFV the Lender honours the GFV as stated in the contract meaning everything is paid without having to put your hand in your pocket.

3) If over the period you have grown attached to the vehicle and wish to keep the vehicle you have the option to pay the Lender the GFV and the vehicle is yours. However if you do not have the cash available you can refund the GFV over a period suitable to you and finalise the purchase accordingly.

Credit Problems?

Through Leeways partnership with the best specialist lenders in the country we have a extremley high success rate in providing car loans to people with credit difficulties so why not pick up the phone and let Leeway Fund your new car!