Finance Your Vehicle With Proctor Cars

Prestige Cars, Sports Cars & 4X4s in Derbyshire


Why Finance Through a Dealership


What is Hire Purchase?


What is Personal Contract Purchase




Due to a recent, yet long overdue, change in legislation the Bank of England and the Financial Conduct Authority (FCA) are now closely monitoring those who are authorised to offer credit, this translates into a transparent service and ensures that the needs and demands of the customer are always met through a presentation of the most affordable & suitable funding solution and not the solution that earns the lender the most money!


We have always considered the customer and kept their best interests at the forefront of any transaction, we are proud to have gained our accreditation and that we are fully licensed and regulated by the FCA. As totally independent we are able to offer the most affordable solution, as we aren’t tied to only the one funder like the typical main dealer. Subject to status, we are authorised to offer competitive and flexible funding packages from no fewer than five specialist lenders, Black Horse, Close Motor Finance & Bank of Ireland to name a few.

If you wish to discover how competitive we are or would like a non-obligatory illustration then please do not hesitate to ask, we would firstly recommend an informal discussion to allow us to understand your needs and to establish affordability, thus leading to the presentation of a fully compliant written illustration, allowing you, in your own time, to digest all associated terms of offer prior to agreeing on the most suitable funding solution, either finance or leasing.

We can assist you in purchasing your dream car while spreading the cost.

Hire Purchase from Proctor Cars

Agree an initial deposit, typically a minimum of 10% of the cash price with the balance spread over 13 – 60 months. We will handle the finance proposal, send to the most competitive lender, gain a response and then subject to acceptance we will have the documents ready for your signature, you can then drive the car away.


How it works

  • Choose your pre-owned or new car. Typically cars up to ten years old qualify.
  • Discuss the deposit you can afford.
  • The actual funder buys the vehicle on your behalf less any deposit that you have paid to us.
  • The remaining balance plus interest is then paid over an agreed period of one to five years for cars that are up to six years old (or repay over one to four years if the car is six to 10 years old)
  • Set your payments to suit your budget – borrow any amount from £1,500 to £250,000

What you pay

  • You pay a flexible deposit on the car, typically 10% or less of the cash price
  • Interest rates are fixed so you’ll always know the amount of each payment until the car is yours.
  • You pay over your chosen period.

After you’ve made all the payments including the interest you own the car.

PCP can keep your monthly payments lower by deferring a significant proportion of the amount of credit to the final payment at the end of the agreement.

Personal Contract Purchase from Proctor Cars

Agree an initial deposit, how many miles you are likely to travel each year and how long you want the agreement to run for and we will then calculate the Guaranteed Future Value (GFV) of your vehicle and confirm your monthly payment.


How it works

  • Choose your pre-owned or new car. Cars up to three years old can also qualify.
  • Agree your maximum annual mileage—up to 24,000 miles a year.
  • Choose to repay over two or four years
  • Agree your deposit with us.
  • Borrow any amount between £1,500 – £250,000
  • Set payments to suit your budget.
  • At the end of the agreement you have three options to choose from as below.

What you pay

  • You pay a flexible deposit on the car, typically 10% or less of the cash price
  • We obtain the Guaranteed Future Value (GFV) of the car from lender*
  • You pay equal monthly payments over the chosen period
  • At the end of the agreement, you have three final options as below

Then at the end of the term you have 3 options:

  1. Part exchange the vehicle subject to settlement of your existing finance agreement; new finance agreements are subject to status.
  2. Return the vehicle and not pay the Final Lump Sum Payment. If the vehicle is in good condition and has not exceeded the allowed mileage you will have nothing further to pay. If the vehicle has exceeded the allowed mileage a charge for excess mileage will apply.
  3. Pay the Final Lump Sum Payment to own the vehicle.

And you have 2 to 4 years to decide which option to choose.

Lease Purchase is exclusively for business users and similar to a Personal Contract Purchase (PCP), with a large lump sum at the end of the agreement, but the final lump sum is not a guaranteed future value of the vehicle.

Lease Purchase from Proctor Cars

This means that you cannot return the vehicle at the end of the agreement, other than any voluntary termination rights that you may have. Agree an initial deposit and how long you want the agreement to run for and will then calculate your final payment and confirm your regular monthly payment. We will submit the finance application to the most competitive funder and subject to your application being approved; you can just drive your car away.


How it works

  • Choose your new car or pre-owned car. Used cars up to three years old can also qualify.
  • Agree the deposit with us.
  • Choose your repayment period over two to four years.
  • Agree the final lump sum payment with us.
  • Borrow any amount between £1,500 to £250,000.
  • Set payments to suit your budget.
  • At the end of the agreement you have two options to choose from.
  • Make the final payment, and obtain ownership of the vehicle or part exchange for a new vehicle (if the part exchange does not cover the final payment you would need to pay the shortfall to settle the finance agreement). New finance agreements are subject to status.

What you pay

  • You pay a flexible deposit on the car, typically 10% or less of the cash price.
  • You pay equal monthly payments over the chosen period
  • At the end of the agreement you have two options; (1) part exchange the car (subject to settlement of your existing finance agreement new finance agreements are subject to status)  (2) pay the final lump sum payment to own the car.

Our flexible contracts can be an easier way to manage your short term vehicle rental needs

Agree an initial deposit, typically a minimum of 10% of the cash price with the balance spread over 13 – 60 months. We will handle the finance proposal, send to the most competitive lender, gain a response and then subject to acceptance we will have the documents ready for your signature, you can then drive the car away.


We are able to offer a select choice of vehicles at competitive monthly rates based on a minimum 1 month rental commitment, this can offer a pro-active or re-active solution where your circumstances have changed either domestically or commercially.

Short term contracts are a great way to satisfy your needs where you may have a new staff member, you need a 4×4 for the winter or maybe you fancy a sports coupe for the summer? Whatever your requirement please don’t hesitate to ask us about our latest offers on prestige, sports & 4×4’s.

Exclusively for business users contract hire can be one of the most tax efficient ways of running a new car, your monthly rentals are fixed for the term (based on an agreed annual mileage) and can include routine maintenance along with your annual road fund licence (RFL).


For VAT registered companies 50% of the VAT on the basic rental can be recovered and up to 100% of the VAT can be recovered on the maintenance element of the rental.

At the end of the contract the vehicle is handed back and any excess mileage (only if you exceed the agreed mileage) is charged, typically between 0.7 and 0.12 pence per mile.

12 – 48 month contracts are available, subject to status, on any new car with deposit’s starting as low as the equivalent of only the one monthly rental.

Please take a look at the example below:

Brand New Mercedes-Benz CLS DIESEL COUPE CLS 220 BlueTEC AMG Line 4dr 7G-Tronic

Monthly rental of £349.99
Initial deposit of £1049.97


For business users only. Rental profile 3 + 23. Annual mileage 10,000. All prices quoted are subject to VAT.



Please call our leasing department today on 08450 230 100 to discuss your requirements and let us find your next car.


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