Finance

Finance options:

Finance products comparison?

Questions	Finance Lease	Hire/Lease Purchase	Contract Hire	Contract Purchase
Will we own the asset?	No	Yes	No	Possibly
Is the asset off-balance sheet?	No	No	Yes	No
Can I have a fixed-term agreement?	Yes	Yes	Yes	Yes
Is the term extendable?	Yes	No	Possibly	Possibly
Can I have a fixed or variable rate?	Yes	No	No	No
Will future rentals be linked to the future of the asset?	Possibly	No	Yes	Yes
Will the agreement be made on demand?	No	No	No	No
Is additional security required?	Possibly	Possibly	Possibly	Possibly

Finance

1) You must be 18 or over to apply for finance

2) Guarantees / indemnities may be required

3) Finance is subject to status

Vehicle manufacturers

Vehicle types

Registered Office:

Northgate Vehicle Sales Ltd

Northgate Centre

Lingfield Way

Darlington

DL1 4PZ

REPRESENTATIVE HIRE PURCHASE FINANCE EXAMPLE

Price Including VAT & Admin Fee £238.80	£17,818.80	Annual Rate Of Interest (Variable)	6.81%
Total Deposit	£3,563.76	Term (Months)	60
Amount Of Credit	£14,255.04	Total Payable	£22,673.64
Documentation & Option To Purchase Fee	£1.00	1/3 Of Total Payable (ii)	£7,557.88
Total Charge For Credit	£4,853.84	1/2 Of Total Payable (i)	£11,336.82
Monthly Payment	£318.48	Representative APR (Fixed)	12.9%

Price Including VAT & Admin Fee £238.80	£17,818.80
Annual Rate Of Interest (Variable)	6.81%
Total Deposit	£3,563.76
Term (Months)	60
Amount Of Credit	£14,255.04
Total Payable	£22,673.64
Documentation & Option To Purchase Fee	£1.00
1/3 Of Total Payable (ii)	£7,557.88
Total Charge For Credit	£4,853.84
1/2 Of Total Payable (i)	£11,336.82
Monthly Payment	£318.48
Representative APR (Fixed)	12.9%

(i) TERMINATION : YOUR RIGHTS

You have a right to end this agreement. To do so, you should write to the person you make your payments to. They will then be entitled to the return of the Vehicle and to half the total amount payable under this agreement. If you have already paid at least this amount plus any overdue instalments and have taken reasonable care of the Vehicle, you will not have to pay any more.

(ii) REPOSSESSION : YOUR RIGHTS

If you do not keep up your side of the agreement but you have paid at least one third of the total amount payable under this agreement, we may not take back the Vehicle against your wishes unless we get a court order (In Scotland we may need to get a court order at any time). If we do take the Vehicle without your consent or a court order, you have the right to get back any money that you have paid under this agreement.

Van Monster is a trading name of Northgate Vehicle Sales Limited. Registered office address Northgate Centre, Lingfield Way, Darlington, County Durham, DL1 4PZ. Registered in England and Wales. (Registration Number 02337128)

Northgate Vehicle Sales Ltd trading as Van Monster (FRN 663350) is an Appointed Representative of Consumer Credit Compliance Limited, who are authorised and regulated by the Financial Conduct Authority (FRN 631736). The Permissions of Consumer Credit Compliance Limited as a Principal firm allow Northgate Vehicle Sales Ltd T/A Van Monster to undertake insurance broking & credit broking.

Northgate Vehicle Sales Ltd trading as Van Monster act 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 receive a payment(s) or other benefits from finance providers should you decide to enter into an agreement with them. The commission we receive is either a fixed fee or a percentage of the amount you borrow, which means the payment we receive may vary depending on the amount you borrow and the term the loan is borrowed over. This may also mean that the more you borrow the more we receive. The payment we receive may vary between finance providers and product types. Any and all commission amounts we will receive from the finance provider will be fully disclosed to you before you enter into any agreement with a lender. The payment we receive does not impact the finance rate you are offered by the lender. We do not charge fees for our insurance services. We will introduce you to Howdens, an insurance broker who will check your eligibility for a free of charge 5-day vehicle insurance policy. They will also give you a quote for a full-term vehicle insurance policy. If you then choose to purchase a full-term vehicle insurance policy via this broker, they will pay us a fixed fee. You will be required to give your fully informed consent to our receipt of any commission or fees.