Finance Plans at Motorvogue
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Latest News: Following its UK debut at Goodwood Festival of Speed, Alfa Romeo has revealed the UK pricing and specification for its first ever SUV, the all-new Alfa Romeo Stelvio, with prices starting from £33,990 OTR.  The Alfa Romeo Stelvio launches with an exclusive version for 2017 – the Milano Edizione to offer customers even greater functionality and style, while providing exceptional value for money. Four trim levels will be available from September including Alfa Romeo Stelvio, Super, Speciale and the limited production Milano Edizione. At launch, drivers will be able to choose between two engine versions – 2.2-litre 210hp diesel Q4 AWD and 2.0-litre 280hp petrol Q4 AWD – combined with an ZF eight-speed automatic transmission as standard.  The 2.0-litre 280hp petrol Q4 AWD engine offers best in class acceleration, going from zero to 62mph in just 5.7 seconds and onto a top speed of 143mph, while returning 40.4mpg* on the combined cycle and emitting just 161g/km* CO2. The 2.2-litre 210hp diesel Q4 AWD meanwhile, gives out 127g/km* CO2 and returns 58.9mpg* on the combined cycle, while still registering a top speed of 134mph and accelerating from zero to 62mph in 6.6 seconds.  From September the  Alfa Romeo Stelvio will also be available to order with a 2.2-litre diesel engine, producing 180hp and available in both Q4 all-wheel-drive or rear-wheel-drive, and a 2.0-litre petrol engine, with 200hp and Q4 all-wheel-drive. Featuring perfect 50/50 weight distribution, Alfa Romeo Q4 all-wheel drive architecture, best in class power-to-weight ratios and innovative engine and driver technologies, the Alfa Romeo Stelvio embodies everything a true Alfa Romeo should. Not only that, but the Alfa Romeo Stelvio can boast at being the lightest mid-size SUV in the sector thanks to its lightweight body structure and carbon fibre driveshaft, coming in at just 1,604kg for the 2.2-litre diesel 180hp RWD and up to 1,660kg for the 2.0-litre petrol 280hp Q4 AWD, only adding an extra 56kg for the all-wheel-drive system (AWD). Finding the perfect balance between driving experience and safety, the Alfa Romeo Stelvio was recently awarded a coveted five-star Euro NCAP rating with a score of 97 per cent for the protection of adult occupants; the highest score in its category. Credited for its host of innovative safety systems, which come as standard across the full range, the Alfa Romeo Stelvio boasts Alfa Romeo’s segment-first Integrated Brake System, Autonomous Emergency Brake with pedestrian detection, Blind Spot Monitoring, Forward Collision Warning and Lane Departure Warning. The all-new Alfa Romeo Stelvio stands out from the crowd thanks to its distinctive Italian design, expressed through its proportions and technical architecture leaving the impression of sophisticated simplicity and quality surfaces, both inside and out.  From launch customers will have a choice of three trim levels and a limited production Milano Edizione. Alfa Romeo Stelvio The entry trim level ‘Stelvio’ offers a comprehensive standard specification. Standard exterior features include 17-inch 10-spoke alloy wheels, LED rear lights and a double lateral chrome exhaust pipe. Inside, the cabin focuses on driver satisfaction with dual-zone climate control, Alfa™ D.N.A. rotary driving mode selector, a 3.5-inch TFT colour cluster instrument panel, UConnect™ 8.8-inch display infotainment system with DAB plus Bluetooth/AUX multimedia connectivity, an eight-speaker audio system and two front and two rear USB ports. A multi-function leather steering wheel, houses all the main controls so the driver can focus on the task at hand. Alfa Romeo Stelvio Super The standard specification on the Alfa Romeo Stelvio trim level is supplemented on the Super version with a host of exclusive interior and exterior features. Exterior wise, the Super trim level adds 18-inch 5-spoke alloy wheels and front parking sensors. The interior of the Super features an 8.8-inch infotainment system with 3D navigation system featuring European maps and 7-inch TFT instrument cluster, as well as a two-tone leather dashboard and leather and cloth upholstery. Alfa Romeo Stelvio Speciale Building on the Super trim, the Speciale features 19-inch 10-spoke alloy wheels with red brake calipers, chrome window surround, Bi-Xenon 35W headlights and power folding door mirrors. Inside the cabin, the Speciale benefits from heated front leather seats with six-way adjustment and dedicated four-way power lumbar controls.  Aluminium shift paddles on the steering column co-ordinate with the aluminium interior finishing’s and metal pedals to complete the look. Alfa Romeo Stelvio Milano Edizione The Alfa Romeo Stelvio launch edition, Milano Edizione, offers customers even more functionality and style, while providing exceptional value for money. From 1910 to 1960, the iconic Alfa Romeo Badge encompassed the word ‘Miliano’ in its design, the birthplace of the brand, the origins of which are echoed in the Milano Edizione. The standard specification, adding to the Speciale trim, includes sporty leather seats, a 10 speaker Sound Theatre, 20-inch V-Spoke alloy wheels, keyless entry and an Athermic windscreen.  Privacy glass with black gloss window surround, electrically adjustable and heated front seats and a rear-view camera with dynamic grid lines enhance the standard specification. The  Alfa Romeo Stelvio will be in showrooms from September, with prices starting from £33,990 OTR for an Alfa Romeo Stelvio 2.2 180hp Diesel RWD. To stay up to date on the all-new Alfa Romeo Stelvio contact us today.

Finance Plans Explained at Motorvogue

From PCP to hire purchase, here's everything you need to know about financing your next car. 

Car finance might seem daunting, but in reality it's just a simple two-stage process.

The first stage is to decide on the type of car deal you want: loan, lease, hire purchase, or dealer finance. Then it's a simple matter of choosing the provider whose product best suits your needs.

Personal Contract Hire (PCH)

The word 'Hire' tells you what PCH is all about. Basically you're renting a car for (typically) two or three years, with an agreed mileage limit of (typically) 10,000 miles a year. There's no option to buy the car at the end of the contract; you just hand the keys back to the finance provider. In effect, your payments are only covering the car's depreciation.

While you're running it, you're responsible for the car's upkeep. On the plus side, the deposit is low (three or six months' rental is common), as are the fixed monthly repayments, and you can blunt the impact of repair bills by incorporating a maintenance element into the agreement. Check that a separate manufacturer servicing package won't be cheaper before you tick that box, however.

Cars that hold their value well are a good PCH option, because the difference in their new and three-year-old values will be smaller, so you'll repay a lower amount. Cars that plummet in value from new are a bad choice, because you'll repay a much larger amount.

Just as with PCP, you'll need to make sure the car is in good condition when you hand it back, or you could face additional fees as the finance firm cleans it up.

Go for PCH if you say yes to one or more of these statements:

You don't want to own a car, or suffer its depreciation
You like being able to change cars frequently
You like the idea of driving better cars than you could normally afford
You don't mind looking after cars

Personal Contract Purchase (PCP)

It's a bit like HP in that there's a deposit to pay, a fixed interest rate, and monthly repayments over a choice of lending terms, which are usually between 12 and 36 months.

Where PCP differs from HP is at the end of the term. Then you'll have three choices. You can:

  • Return the car to the supplier
  • Keep the car
  • Trade the car in against a replacement

The first option, returning the car, costs nothing, unless you've gone over an agreed mileage or failed to return it in good condition. In either case there'll be an excess to pay.

Keeping the car means making a final 'balloon' payment. This amount is the car's guaranteed future value, or GFV, which is set at the start of the agreement.

The GFV is based on various factors, including the length of the loan and the anticipated mileage as well as the car's projected retail value. If you exercise this final buying option, you can of course keep running the car, or you can sell it, pocketing any equity above the GFV that you've paid back to the lease company.

If you're trading the car in, any GFV equity can be used as a deposit towards the next one.

Just bear in mind that the GFV doesn't always contain a huge amount of equity at the end of the term - so when you're working out monthly costs, it's probably wise to factor in a few extra pounds per month that you can put away in preparation for the next deposit at the end of two or three years.

If the car has gone into negative equity – which can happen – you'll have to find all of that deposit if you want a further PCP. Shorter leases are more likely to come with more accurate GFVs and manufacturers are quite proactive in trying to get you out of a car early if they think there's scope to get you into a new one on a decent monthly rate; it's not uncommon dealers to call customers on three-year deals about a year early - because doing a new PCP keeps the buyer tied to that manufacturer for a further period of time.

Go for PCP if you say yes to one or more of these statements:

  • You want lower monthly repayments
  • You like the flexibility of options at the end of the agreement
  • You can confidently and accurately nominate your mileage

Hire Purchase

Under HP agreements, there's a deposit to pay – typically 10% – followed by fixed monthly payments. The car is owned by the HP company until the final payment – and any 'option to purchase' ownership-transfer fee – has been paid. Up to that point, the person making the payments has no legal right to sell the vehicle.

Nevertheless, some 'owners' do sell 'their' cars before the final payment. The good news for buyers of these 'non-paid-up' HP cars is that the law clearly protects private purchasers who buy without notice of any undischarged HP agreement.

No matter what the police or anyone else might tell you, you'll get a good title to the car if you buy an HP car under these circumstances. The finance company can take action against the seller if they wish, but it's not your problem.

The credit on an HP agreement is secured against the car, so it's like dealer finance in that the only the car can be seized in the event of a default. If you need to sell the car before the end of the agreement, you'll have to repay the outstanding debt first – and 'early settlement' fees may apply.

Go for HP if you say yes to one or more of these statements:

  • Eventual ownership is important to you
  • Your budget and circumstances suit fixed monthly repayments
  • Your disposable income is likely to decrease over the agreement term (eg if you're planning a family)
  • You like low-risk credit secured against the car only
  • You don't mind not owning the car until the debt is fully repaid
Motorvogue Bedford

Interchange Park, Bedford, MK42 7GB

TEL: 01234 867788

    


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Motorvogue Northampton

74 Kingsthorpe Road, Northampton, NN2 6HE

TEL: 01604 714555

    


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Motorvogue Clapham (Bedford)

87 High Street, Clapham, Bedfordshire, MK41 6AQ

TEL: 01234 354257

    


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Motorvogue Kings Lynn

Scania Way, Hardwick Industrial Est, King's Lynn, Norfolk, PE30 4LP

TEL: 01553 772644

    


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CONSUMER CREDIT & GENERAL INSURANCE
Motorvogue (Northampton)Ltd is an Appointed Representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Motorvogue (Northampton)Ltd to act as a credit broker, not as lender, for the introduction to a limited number of finance providers and to act as an agent on behalf of the insurer for insurance mediation activities only.