Bite Back at the Crunch - With Finance Options From Peugeot - Typical 2.9%
 |
Coventry - December 12, 2008: As the current economic climate is piling pressure on the family purse strings and savvy shoppers are bargain hunting for everything from petrol to potatoes, buying a brand new car can provide some real savings – but how best can this be funded?
Research has proved that you can actually reduce your annual motoring costs by purchasing a brand new, fuel efficient and low emissions vehicle. We asked Peugeot’s experts to highlight the best ‘buying new’ options to suit every budget.
How can I change my car regularly but keep monthly payments to a minimum?Buying a car through Peugeot Passport PCP is the perfect way to keep your options open. Passport offers the flexibility to hand the car back after an agreed term with no further payments (subject to certain mileage and condition requirements), pay a final payment and keep the car or part exchange the car, for a new one with a new Passport agreement.
My current car
exchange will provide just a modest deposit on a new one, but I would still
like low monthly payments
Peugeot offers traditional finance, with
its Hire Purchase (HP) scheme, where you can put down a variable deposit
(usually between 10-50% of the vehicle’s value) and set the payment
term to suit your budget (up to five years), but a more popular one is
Peugeot’s Passport finance which offers a variable deposit of between
nil and 40% of the vehicle price. The payment is fixed depending upon the
term and annual mileage.
I have a long commute to work and am looking to
replace my current vehicle
Buying a new Peugeot car through
traditional finance (HP) does not tie you into a specific mileage and still
offers low monthly payments. By switching to a low-emissions HDi diesel car
from Peugeot you could also save money on fuel costs and Vehicle Excise
Duty (VED).
Chris Cheetham, Manager Commercial Programmes at Peugeot, said: “Drivers running older cars often find themselves facing hefty bills for VED, servicing and maintenance. In the current economic climate, receiving an unexpected bill for repairs of say, £1,000 is difficult to cover.
“Purchasing a brand new car, with a more fuel efficient, low emission engine is a great way to reduce monthly motoring costs. Customers also have the peace of mind provided by a three-year warranty and will not require an MOT until their car reaches three years old,” he added.
Current offers available through Peugeot Passport finance include: