TVR MADS are a licensed credit broker, able to provide a range of financing options to suit your individual needs:-
Hire Purchase (HP) - the simplest method of purchasing a new or used car. Repayments are made over a fixed period, with either a fixed or variable interest rates. An initial deposit is required and the final payment completes the purchase.
Hire Purchase (HP) with a balloon - the most popular way to fund a new or used car. Very similar to the above, paying a deposit, making repayments over a fixed period with either variable or fixed rates of interest, but by opting to make a balloon payment at the end of the agreement, payments are noticeably reduced.
Personal Contract Purchase (PCP) – this is similar to HP with a balloon, but only on cars up to two years old. It includes an element towards the anticipated total mileage and the vehicle maintenance. At the end of the agreement, you can either: pay the final balloon and keep the car; take out a new agreement to spread the balloon over a further period (subject to status); or simply return the vehicle and pay nothing other than any charges for excess mileage and any damage over and above, fair wear and tear.
Contract Hire (CH) - available to business and company purchasers, but only on cars up to two years old.