Overcast

Overcast

max temp: 21°C

min temp: 18°C

Search

Get right finance geared to you

07:01 03 September 2014

Simon Gray, managing director of Credo Asset Finance.

Simon Gray, managing director of Credo Asset Finance.

supplied

Simon Gray, of Credo Asset Finance, says brokers can match the right product to your individual needs.

Whether you are buying a Fiat, a Ford or a Ferrari, most people will need to use finance to buy it. But with so many finance options, what’s the right one for you?

A car is probably the second biggest purchase someone will make after their house, so it is an important step that needs careful consideration.

It is no surprise to hear that potential buyers are often confused on what finance product they should take… “Should I take Hire Purchase, PCP, a lease, contract hire or get a personal loan from my bank?”

To be perfectly honest, all these products have their place but it depends on your individual circumstances as to which one you should choose.

This is when contacting a traditional brokerage is a good idea.

A broker will talk to you about which product is best for you, whether you are a private individual, a sole trader or a limited company so you get the right deal for you and your circumstances and not a deal that a dealer might want to sell you!

For instance, some people think that getting a personal loan from their bank would be better than taking out a Hire Purchase agreement. But what if you needed to borrow some more money in an emergency and the bank has already lent you up to your limit?

If you like the idea of a brand new car every three years, a Personal Contract Plan (PCP) may be better. PCPs tend to have lower monthly payments over a shorter term compared to a bank loan and, in most cases, they are cheaper!

As an independent brokerage, Credo Asset Finance can help talk through the options with you, and when you know what you want, we have access to a panel of many different lenders to give the widest possible choice of rates.

Credo Asset Finance is at 85 Yarmouth Road, Norwich, NR7 0HF. Telephone 01603 703180, email sales@credoassetfinance.com, log on to the website at www.credoassetfinance.com

Twitter: @CredoFinance

Facebook: www.facebook.com/#!/CredoAssetFinance

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other Ipswich Star visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by Ipswich Star staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique Ipswich Star account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

An Abellio Greater Anglia train

Engineering work is taking place on the rail line between Norwich and Ipswich today.

Stock pic

A multi-car crash at the busy Yarmouth Road/London Road junction caused severe delays in Ipswich today (August 26).

Neil Farrow, organiser of the Ipswich Gin Festival

Ipswich is set to get its own gin festival next year, with dozens of food and drink companies set to get on board.

Clacton Air Show 2016 final day

Day two of the Clacton Airshow provided perfect conditions for flying off the beach – and allowed more than 100,000 visitors to watch the full display.

Ben Gummer at his desk in the Cabinet Office. Photo: Robert Thom

In the final part of five three-minute interviews, Ipswich MP Ben Gummer explains why he enjoys being the town’s representative in parliament.

Police stock image

Three men have been arrested as part of proactive work to tackle the supply of drugs in the Leiston area.

Arrests made

Police are appealing for witnesses following two burglaries in Ipswich in the early hours of this morning.

Overhead view of the proposed Hill Gallop

A major investment in Newmarket horseracing has been unveiled as a five-year project gets closer to the finishing post.

Henry Dunham and Sam Crimp at the top of the Transfagarasan highway in Transylvania.

Two Suffolk adventurers who are walking to Nepal in tribute to a young mother-of-two who died from a brain tumour are currently making their way through Romania.

Arson at farm in Wherstead

Police are hunting an arsonist after tractors and farm equipment were destroyed in a fire on the outskirts of Ipswich.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

MyDate24 MyPhotos24