Car Finance at SERE, NI
Looking for car finance in Northern Ireland to drive away the same day? Funding your new car has never been easier than with financing at SERE Motors.
We’ll help you finance your next purchase and get you in the car you really want. With clear agreements and competitive finance packages available to suit your needs, we’re confident we can help you get something special on your driveway.
We understand that financing a car can be a daunting experience, and especially if you’re new to it. We also understand that there are many ways to pay for a car, and that financing with us is but one of them. We set ourselves apart by offering simple, non-judgemental advice on all aspects of car finance and no deposit car finance. We’re here to help you understand your options, not confuse you or coerce you into making a purchase.
0% finance offers
There’s a rule of thumb in the motoring trade that if the sticker price is right, interest-free payments are a doubly good deal. We have a fantastic range of 0% APR finance packages available over 5-years on select models, with no deposit and no final payment. Our 0% finance used cars are quality-approved by us.
You can drive a new car home and park it in your drive in return for an initial deposit and a series of monthly payments. You choose the initial deposit amount and the finance duration that best suits you (for example, 12 months, 24-months, 36-months, 48-months, 60-months). This gives you complete control over your monthly payments, helping you afford car finance NI on any budget.
The latest models
SERE Motors is Northern Ireland’s premier car supermarket. We have access to all the latest vehicle models with a particular specialism for Mitsubishi, SsangYong, MG and SEAT vehicles. In addition to new and pre-reg vehicles, we also have a stunning range of low finance used cars and pay monthly cars in NI.
Hire Purchase or Personal Contract Purchase
We offer you the choice of a Hire Purchase or Personal Contract Purchase finance agreement. Both agreements can be created for car finance deals with no deposit. Which is best for you depends on your individual circumstances. We’ll explain the main differences below to shed clarity on the matter:
Hire Purchase (HP)
Hire Purchase agreements are a type of credit where once you have paid the total loan amount, you own the vehicle. During the loan term, the financer owns the vehicle. Once you repay them in full, ownership passes to you. Typically, Hire Purchase agreements have higher monthly payments because you are repaying the total car amount. With a Personal Contract Purchase, you repay only part of that amount.
Personal Contract Purchase (PCP)
Personal Contract Purchase agreements are a type of credit where you pay off instalments to cover part of the cost of a car. Once you have paid off the amount as set out in the agreement, you hand the car back to the owner, who is the financer. Alternatively, if you want to keep the car, you can refinance the remaining cost of it. This is called the balloon payment. It is based on the guaranteed future value (GFV) of the car.