MJA Car Sales

SUNBURY 01932 509 979

GUILDFORD 01483 600 191

WALTON 01932 509 949

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 Requirements

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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 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...

Mr D Marchant Mr D Marchant
"5 Star. I've had some pretty bad experiences with car dealers in the past, they seemed to be type cast. However my dealings with John and Lewis at Guildford has restored my faith in the motor trade. They were both extremely helpful, without being pushy and were both in good humor, I left with my Ford Focus with no questions still to ask. A thoroughly good experience throughout."

Miss A O'Sullivan Miss A O'Sullivan
"Would always return to John @ MJA - honest and reliable. Simon was very helpful too."

Mrs A Davey Mrs A Davey
"Excellent previous service from John Turner at Walton so went back to him when I wanted to change my car and he found me what I wanted."

Mr M Stringer 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 R Smolinski Mr R Smolinski
"MJA is the only place where you should buy your next car. I make my deal today and with these guys her I could buy a car every month. Thank you very much to Michael and Nigel for the extremely excellent, professional service. I drove away in my new car completely satisfied. Highly recommend MJA for everybody!!! Five stars."

Mr S Dixon Mr S Dixon
"5 Star. Very helpful staff with no selling pressure and a great selection of quality cars."

Mr B Robinson Mr B Robinson
"None. Excellent service."

Mrs L Wheble Mrs L Wheble
"Everything was of a very high standard, thank you for an efficient and honest service."

Mrs J York Mrs J York
"Having travelled from Cambridge to Guildford to view a vehicle I researched online I was certainly not disappointed. Having spoken to one of your sales personnel, Mark Nagel, I was impressed with the level of detail he was able to impart about the car - a test drive later and the car was purchased. Mr Nagel was very professional, friendly and unhurried and the whole process of the purchase was seamless. I can't recommend MJA Car Sales highly enough."

Mr J Bevins Mr J Bevins
"No! Excellent team in Sunbury, no pressure to buy very helpful, as to most suitable vehicle. I have purchased 5 cars from MJA and have been delighted with all."

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

WALTON

GUILDFORD

SUNBURY