Telephone: 01228 545486

Vehicle Finance at Telford's

Hire Purchase

You pay a deposit and pay off the value of the car in monthly instalments, with the loan being secured against the car. This means you don't own the vehicle until the last payment is made.

Risks of HP:

  • Any outstanding finance must be settled if the goods are sold.
  • Your vehicle is at risk of reposession if you do not maintain the contractual payments.
  • You do not own the vehicle outright until the final payment is made. 
  • You must not sib-lease or rent the vehicle to a third party.

Personal Contract Purchase (PCP)

This is the most popular way to finance a car and is essentially a long-term loan agreement. Monthly repayments tend to be lower and at the end of the term, you have a few options:

  • Return the car
  • Pay the ‘balloon’ payment and go on to own the vehicle
  • Put the resale value of the car towards getting another car
  • This is ideal if you like to change your car every few years.

Risks of PCP:

  • You do not own the vehicle outright until the final payment is made.
  • Excess mileage charges apply.
  • Your vehicle is at risk of repossession if you do not maintain the contractual payments. 
  • Any outstanding finance must be settled before the goods are sold.
  • The vehicle resae calue may not be worth more than the final payment, meaning that your deposit may be reduced for your next vehicle. Therefore, you should be prepared for higher repayments. 

Personal Contract Hire (PCH)

A hassle-free approach to vehicle finance. This type of finance is a long-term lease of up to 4 years where you simply return the car at the end. It means there is no obligation at the end of the contract – you walk away and start again.

Simply Drive

Simply Drive finance does exactly what it says – no worry, you simply drive away your new vehicle. On this finance option you can take care of all your servicing, car tax, warranty, breakdown cover and even insurance*, all for one monthly payment over 3 years.


Why Finance Through a Dealership?

What is Hire Purchase?

What is Personal Contract Purchase?


Unless we consider it to be inappropriate given your personal circumstances, our approach is to introduce you first to the lender associated with the vehicle manufacturer who are usually able to offer the best available package for you, taking into account interest rates, residual valuations (where applicable) and other contributions. If they are unable to make you an offer of finance, we then seek to introduce you to other lenders on our panel. The lender we introduce you to and available rates will depend upon a number of factors including: the vehicle, your personal circumstances and the likelihood of a lender to accept an application based on information provided.
Lenders may pay a commission to us for introducing you to them, calculated by reference to the vehicle model or amount you borrow. Different lenders may pay different commissions for such introductions; some lenders may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned.
We do not charge you a fee for our services. Whichever lender we introduce you to, we will typically receive commission from them based on either a fixed fee or a fixed percentage of the amount you borrow. If you would like to know the amount of any remuneration we have received from the finance provider, please ask us.



M.J. Telford Garage (Carlisle) Ltd t/a Telford Automobiles is an appointed representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486). Permitted activities include advising on and arranging general insurance contracts and acting as a credit broker not a lender.

We can introduce you to a limited number of finance providers. We do not charge fees for our Consumer Credit services. We may receive a payment(s) or other benefits from finance providers should you decide to enter into an agreement with them, typically either a fixed fee or a fixed percentage of the amount you borrow. The payment we receive may vary between finance providers and product types. The payment received does not impact the finance rate offered.

All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over, Guarantees may be required.


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