Vehicle Finance at Keith Price Garages Ltd
We understand that purchasing a vehicle is a significant investment. That’s why at Keith Price Garages Ltd, we offer a range of flexible finance options to help make your next vehicle more affordable and accessible.
Whether you're looking to spread the cost over time or want a finance plan tailored to your individual needs, our team is here to help.
Why Choose Finance with Us?
- ✅ Simple and transparent process
- ✅ Tailored plans to suit your budget
- ✅ Available on a wide range of new and used vehicles
- ✅ Quick decisions – often within minutes
Our Finance Options
We offer various types of vehicle finance to suit your requirements:
Personal Contract Purchase (PCP)
PCP is a flexible and popular finance option that allows you to drive a new or used vehicle with lower monthly payments and multiple choices at the end of the agreement.
How it works:
- You choose your deposit amount (or no deposit at all)
- Agree your contract length – usually 24 to 48 months
- Agree your expected annual mileage
- Your monthly payments cover the vehicle’s depreciation, not its full value
- At the end of the agreement, a Guaranteed Minimum Future Value (GMFV) (also known as a balloon payment) remains
At the end of your PCP agreement, you have three options:
- Return the car – simply hand the vehicle back with nothing more to pay (subject to mileage and fair wear and tear)
- Pay the balloon payment – and keep the vehicle
- Part-exchange the vehicle – use any equity as a deposit towards your next car
Key Benefits:
- Lower monthly payments compared to Hire Purchase
- Flexible end-of-term options
- Ideal if you like changing your car every few years
Hire Purchase (HP)
Hire Purchase is a straightforward and traditional finance option where you pay for the full cost of the vehicle over an agreed term.
How it works:
- Choose your deposit amount
- Spread the remaining balance across fixed monthly payments
- Terms usually range from 12 to 60 months
- Once all payments are made, the car is yours
Key Benefits:
- You own the vehicle outright at the end of the agreement
- No mileage restrictions
- Fixed interest rates – so your monthly payment won’t change
- No large final balloon payment
Perfect for:
Customers who want a clear path to ownership and a fixed monthly budget.
How to Apply
Applying for finance with Keith Price Garages is quick and easy. You can:
- Visit us in person at our Abergavenny dealership
- Call our friendly team on 01873 811555
- Or simply fill out our online finance enquiry form below
Frequently Asked Questions
Can I apply with a poor credit history?
Yes, we work with a panel of lenders who may be able to help, even if your credit history isn’t perfect.
How long does it take to get approved?
Finance decisions are often made the same day – sometimes even within minutes.
Do I need a deposit?
While a deposit can reduce your monthly payments, we have finance options available that require little or no deposit.
Finance Disclosure
Keith Price Garages Ltd is an Appointed Representative of Automotive Compliance Ltd, which is authorised and regulated by the Financial Conduct Authority (FCA No 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allows Keith Price Garages Ltd to act as a credit broker, not as a lender, for the introduction to a limited number of lenders and to act as an agent on behalf of the insurer for insurance distribution activities only.
We can introduce you to a selected panel of lenders, which includes manufacturer lenders linked directly to the franchises that we represent. An introduction to a lender does not amount to independent financial advice and we act as their agent for this introduction. Our approach is to introduce you first to the manufacturer lender linked directly to the particular franchise you are purchasing your vehicle from, who are usually able to offer the best available package for you, taking into account both interest rates and other contributions. If they are unable to make you an offer of finance, we then seek to introduce you to whichever of the other lenders on our panel is able to make the next best offer of finance for you. Our aim is to secure the best deal you are eligible for from our panel of lenders. Lenders may pay a fixed commission to us for introducing you to them, calculated by reference to the vehicle model or amount you borrow. Different lenders may pay different commissions for such introductions, and manufacturer lenders linked directly to the franchises that we represent may also provide preferential rates to us for the funding of our vehicle stock and also provide financial support for our training and marketing. But any such amounts they and other lenders pay us will not affect the amounts you pay under your finance agreement, all of which are set by the lender concerned. If you ask us what the amount of commission is, we will tell you in good time before the Finance agreement is executed. All finance applications are subject to status, terms and conditions apply, UK residents only, 18’s or over. Guarantees may be required.
You are always encouraged to seek independent financial advice before entering into any credit agreement.
General Terms and Conditions
- Please note you will not own the vehicle outright until all payments are made.
- If you default on your finance payments, then the vehicle may be repossessed by the finance provider.
- You must be 18 years or older to apply for finance.
- Finance is not guaranteed, and any finance application is subject to a credit check and individual circumstances.
If you require any further information, please do not hesitate to contact us.
Get in Touch
Want to speak to someone about finance options?
📍 Visit us: Keith Price Garages LTD, Llanwenarth Citra, Abergavenny, NP8 1EP
📞 Call us: 01873 811555
📧 Email: info@keithpricegarages.com