Norwood Finance

Flexible Funding Solutions

We offer a range of solutions to suit your purchasing needs. Whether you are looking for a straight forward loan or bespoke finance to accommodate a final balloon payment, you can compare some of our solutions below:

Hire Purchase
PCP
Lease Purchase
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If you want a finance product with more flexibility, a Personal Contract Plan (PCP) may be just what you are looking for, enabling you to keep, exchange or return the vehicle at the end of the agreement.

One of the most economical ways of owning your next vehicle. Hire Purchase (HP) allows you to pay off the whole capital balance over a set period of time.

If you want lower monthly payments then Lease Purchase (LP) is certainly worth considering. Similar to HP but with a non- guaranteed balloon deferred till the end of the term.

A Balanced Payment Plan offers a fixed monthly payment but unlike a Hire Purchase car finance agreement, where the interest rate is fixed, Balanced Payments offer a variable rate which tracks the changes in the Finance House Base Rate, LIBOR or Bank of England Base Rate, depending on what is specified in the agreement. As the relevant rate goes up or down over the period of the contract, so does the amount of interest you pay.

There are many reasons that a refinancing deal on a car makes sense. It could be a deal to release equity from a classic car bought as an investment through to refinancing a deal that has a balloon payment due.

Whatever the reason to refinance, our team can arrange bespoke terms to fit your exact requirements and provide our unique concierge approach to finding the perfect agreement for our clients.

A Motor Loan works in a similar manner to a personal loan. The main difference from other motor finance products is that you own the vehicle from the start of the agreement. This means that you do not have flexibility throughout the length of the agreement with regards to returning the vehicle, however, because you own it from the outset, you can sell it if you choose to.

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