MJA Car Sales

SUNBURY 01932 721000

WALTON 01932 234000

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Used Car Finance

Welcome to MJA Car Sales Plc, the home of 100’s of low mileage quality used cars and very affordable car finance packages.

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.

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Car Finance Explained

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

  • You’ll be able to drive away a car that you may not have managed to buy outright.
  • Unlike a PCP or PCH contract, you won't need to estimate your mileage at the start of your Hire Purchase agreement, so you'll avoid excess mileage charges.
  • Once you’ve made your final monthly payment, you'll have full ownership of the car.

Things to bear in mind

  • Monthly payments may be higher than other finance options, such as PCP, as you're paying off the full value of the car.
  • You won’t be able to sell the car without settling the finance.

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:

  1. Buy the car by paying the final balloon payment (the Guaranteed Future Value)
  2. Hand the car back - your finance company has already predicted the Guaranteed Future Value of the car, so handing the car back will settle the deal.
  3. Part exchange for a new car

Pros

  • Monthly payments on a car financed by PCH are usually lower than if your car is financed by a Hire Purchase agreement.
  • If you decide not to buy the car, you can simply walk away when you've made all the monthly payments.
  • Similar to PCH, you can drive away a brand new car every three years without worrying about it running out of warranty, or selling it on.
  • If your car is worth more than the Guaranteed Future Value then you can use that equity towards a deposit on a new car.

Things to bear in mind

  • If you want to buy the car you will need to pay your final balloon payment (the Guaranteed Future Value)
  • Similar to PCH, you will need to agree on an approximate mileage estimate at the beginning of your contract.

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 Dorset
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 Dorset, such as, Abbotsbury, Blandford Forum, Bournemouth, Bridport, Canford Cliffs, Child Okeford, Christchurch, Dorchester, Ferndown, Gillingham, Lyme Regis, Okeford, Fitzpaine, Poole, Portland, Shaftesbury, Sherborne, Shillingstone, Sturminster Newton, Swanage, Tarrant Crawford, Verwood, Wareham, West Moors, Weymouth, Wimborne, Wool.

We asked our customers if we could improve our service...

Mr S Clarke Mr S Clarke
"Nothing! I would like to thank John & Mike for all their help wheh I was trading in my old Focus. Excellent service, understanding & helpful. Top drawer! Many thenks again chaps."

Mr J Slater Mr J Slater
"I live in Bradford West Yorkshire, to get the model and at the price you offered I saved over £8k on a car with 1000 miles on the clock and 3 months old. I couldn't get that anywhere near where I live. Your service was excellent and well worth 2 round trips of over 400 miles each time."

James Baddock James Baddock
"One of the best car garages around! Our experience here at MJA was perfect, from the day we stepped in, to the day we drove away in our new car. James was so welcoming and not pushy at all, he helped us through every step of the way and got everything sorted in just a few days! Dave was very knowledgeable and even told us about a few hidden features of the car! Would recommend MJA to anyone and I will definitely be returning for our next car."

Mr J Goodbourn Mr J Goodbourn
"Sales persons friendly & helpful."

David David
"MJA and their staff are amazing. I recently purchased a vehicle from them and after 5 months an unpreventable fault was detected in the engine. Thankfully the warranty from Autotrust provided by MJA, the costs were covered for the engine to be replaced. The support and care provided by MJA and Autotrust were totally amazing. Having the warranty gave me total peace of mind when the unexpected happens."

Alby Watson Alby Watson
"I just like to thank john dune for the good deal he done for me i have always brought my cars from..."

Mr J Cox Mr J Cox
"4 Star. Gary at Guildford was great, he was very patient with me as I was unsure whether to proceed with the sale, he was very helpful and and made the whole affair go very smoothly, a great asset to you company. However I must express my disappointment at after spending over £16000 I was supplied with only one key for my new car. I didn't expect to have to have the expense of buying a spare. This I feel MJA should have supplied. MJA response; Mr Cox, I am sorry your car was supplied with one key and glad you are now happy that MJA have arranged for a second key to be supplied and contributed towards the cost. I hope you enjoy you new car."

Ms S Woodage Ms S Woodage
"5 star. Amazing customer service. Friendly and kind. I would highly recommend to family and friends."

Mrs J.Williams Mrs J.Williams
"Salesperson was fantastic!"

Jeff Jeff
"Salesman low-key and very helpful. Did not like the model I test drove, he sourced a model that meet my requirements and had it brought over for me to test. After a test drive I signed a deal and they sent the car off for a once over and pukka clean. Very pleasant experience"

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Mon-Fri 9am-7pm  •  Sat 9am-6pm  •  Sun 10am-5pm

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