Ridgeway cars offer competitive rates on finance packages with major finance houses involving lease purchase deals and high residuals on all the vehicles in stock, subject to status.

Ridgeway cars will be happy to arrange low cost finance for your car purchase. We offer highly competitive deals on the following:

- Hire Purchase

- Lease Purchase

- PCP (Personal Contract Purchase)

No deposit required (Subject to Status)

We can tailor a finance package to suit your individual needs, enabling you to proceed with your new car purchase in the best possible way.

Please contact us today for help and advice on a package to suit you.

Owe more than your car is worth?

The market value of used cars has dropped tremendously so, if you purchased your car within the last three years, and paid for it with a bank loan or HP, you may owe more to the finance company than your vehicle is worth leaving you trapped into keeping the loan and the car. If you want to change your car, but don't have sufficient funds to clear your existing loan, we can help.

·Typical problem
Existing monthly loan payment £392 on a car now worth £7000. Approximately £10,500 is owed to the Loan Company leaving about £3500 "negative equity" owing to clear the loan.

·The Solution
Simple and long overdue. We use a two part HP agreement called "Loan Plus". The £1300 is paid as a deposit on the new car. Part one of the agreement (£253) is the premium for the new car contract. Part two (£73) is the premium to clear the negative equity agreement. Therefore, not only has the customer paid just £1300, replaced the car with a newer model and cleared the existing finance - the monthly premium has been reduced from £392 to £326

Don't forget, in as much as your current car has dropped in value, the car you are buying will also be less than its equivalent two or three years ago. By upgrading your car now you can freeze the negative equity into part two of the agreement which has the flexibility to be paid off when funds allow or left running even when you sell your new car.

·Clear your existing finance without dipping into your pocket.

·Replace your existing car now and stop the negative equity increasing.

·A two-part agreement that retains the benefits of a car loan, eg. The lender is jointly and separately liable for any defects in the car and will therefore investigate a dispute on your behalf. Either pay off "Loan Plus" as funds allow or leave running even if you sell your new car.

·With a car loan, unlike a personal loan, you retain your legal rights, of termination and repossession.

·The rate is fixed so if interest rates go up, unlike your mortgage payments, this type of loan is unaffected and the payments stay the same.

·Sickness and unemployment cover can be included to meet your payments if you are unable to work, due to accident or illness for just fifteen consecutive days. Also, in the event of death, all remaining payments would be settled. If you are made redundant the plan will cover your repayments for a total of twelve months.

IF YOU OWE MORE THAN YOUR CAR IS WORTH, REMEMBER THAT HERE AT RIDGEWAY CARS WE MAY HAVE THE POSITIVE SOLUTION!