Car financing
Buying a car can be fun, but the process of arranging financing can often be tedious and frustrating. At Northern Asset Finance Ltd, we believe that organising vehicle financing should be quick and easy – so you can get the car you want, when you want.
Meeting your needs
Our fixed rate Hire Purchase allows you to choose from a number of repayment options. After putting down an initial deposit (usually a minimum of 10%), you can borrow from £5,000 to buy a new or used motor vehicle up to five years old and defer repaying up to half of the loan.
Flexible repayment term
You can spread your monthly fixed repayments over one to five years. At the end of the loan agreement, you can either pay the outstanding amount and take full ownership of the car or sell the car and use the money to pay off the deferred amount.
Defer the cost
You can defer paying back up to 50% of the loan until the end of your agreement. The amount you can defer as a balloon payment is dependent on the type and age of the car and the term of the loan. Deferring part of the purchase price until the end of the agreement means you will pay more interest than you would have paid had the whole purchase price been repaid evenly over the period of the agreement.
Apply now
You don't have to be a Northern Bank customer. You can apply for car financing as long as you are over 18, can demonstrate you have sufficient regular income to cope with the repayments and have managed your finances well in the past.
Important information
All Hire Purchase loans are subject to status, and applicants must be 18 or over. The rate and term at which we lend will reflect our assessment of your personal circumstances, your chosen loan amount and your loan purpose. Written quotations available on request from Northern Asset Finance Limited, 14 Donegall Square West, Belfast, BT1 6JS.
Contact
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