MJA has been providing used car finance or over 40 years. We offer our customers a range of finance options at very competitive rates. Whatever your finance requirements, our friendly sales team will find the right deal for you.
Hire Purchase (HP)
If you choose to pay for your car with a Hire Purchase agreement, you will normally pay an initial deposit and will pay off the entire value of the car in monthly instalments. When all the payments are made, the Hire Purchase agreement ends and you own the car.
Pros
Things to bear in mind
Personal Contract Purchase (PCP)
Personal Contract Purchase (PCP) is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments.
What's different with PCP, is that your monthly instalments are only paying off the depreciation of the car, rather than the entire value of the car.
How does PCP actually work?
At the start of your PCP contract, a Guaranteed Future Value (GFV) of the car is estimated. This is the car's expected value when your contract ends.
For you, this simply means that the money you're actually borrowing and repaying is the difference between what the car is worth now, and what it will be worth at the end of your contract (the depreciation). You'll pay this difference off in monthly instalments.
This means lower monthly payments for you, but you will need to pay a final payment at the end (the Guaranteed Future Value) if you want to buy the car.
Once your monthly payments are finished, you’ll have three options:
Pros
Things to bear in mind
Can I settle my PCP deal early?
You can normally settle your deal early, however many finance companies will require you to pay off the difference between what your car is worth now, and what you still owe (negative equity). For example, if your car is currently worth £12,000 but your finance settlement figure is £14,000, then you will need to pay the £2,000 to clear the negative equity. Keep an eye out for early repayment charges!
Which finance option is best for me?
It depends what you're looking for. If you're someone who likes to change their car every three years, and you're looking for low monthly payments then a PCP or PCH deal might suit you.
If you want to own your car at the end of your monthly payments without paying a final lump sum, then a Hire Purchase deal offers this.
Map of towns in Sussex
Over the last 40 years, our customers have travelled from all 4 corners of the country to buy our cars, including people living in towns throughout Sussex, such as, Amberley, Crawley, East Grinstead, Gatwick, Haywards Heath, Horsham, Lancing, Lindfield, Littlehampton, Midhurst, Petworth, Selsey, Shoreham by Sea, Southbourne, West Wittering, Westbourne, Woodmancote, Worthing, Yapton,
Bexhill on Sea, Brighton, Crowborough, Eastbourne, Fletching, Hailsham, Hastings, Hove
Lewes, Newhaven, Ninfield, Peacehaven, Plumpton Green, Rye, Seaford, Sedlescombe, Wadhurst.
We asked our customers if we could improve our service...
Mrs J Slade
"5 Star. The customer service I received from John Turner and the team at Walton was excellent. John really helped me to make the right decision but without any pressure. I am delighted with my lovely Juke and grateful to Matt for introducing me to MJA. Thank you so much."
Mr A Blanchard
"We were very pleased with the sales process."
Mr T Henniker-Parker
"No, we were looked after very well."
Florin Nistor
"Thank you James for being so professional when dealing with our purchase. Thanks to MJA as they have facilitated such an easy process for test driving and buying the car we have wanted."
Ms E Williams
"From the moment I stepped onto the forecourt, I had nothing but friendly, open and honest customer service. James was my salesman, who was very supportive with my queries as well as refeshingly giving me the space to view the car, make my own decisions on the purchase and part exchange. MJA in Guildford have a lovely balance of being highly professional, welcoming, fair and honest as well as making you feel as if they are doing the best for you. I would definitely recommend MJA to friends and family ... and just make sure you look around the complete forecourt , as they have good quality cars both out front and behind the building."
Paul
"From viewing the listing on the website to the moment we drove away in our new car, I have to say our experience of buying a car from MJA was very smooth and stress-free. The sales team were polite, helpful and courteous at all times. Such is the scarcity of certain models at the moment that we drove 3hrs to buy a car from them. The fact they are an AA Approved Dealer gave me reassurance that I was dealing with a legitimate company who weren't going to sell me a banger and waste my time (not to mention petrol!)."
Mr C Hornblow
"No, keep up the good work."
Mrs V Burton
"Previously dealt with MJA. Stuart at Hersham very helpful"
Mr M Stringer
"5 Star. After talking to Matt, I ordered the car over the phone, having only seen the photos online. I took the train down from Derbyshire to collect it. First Class service. Thank you!"
Mr G Mayer
"Warranty offer too complicated with Road Tax reduction offer. Why not offer lower car price if bought with warranty?"