Arnold Clark car finance: what’s the deal?

Arnold Clark, the car giant, is known throughout the UK for their leasing and business sales services. The company has a huge network of more than 145 branches, a transport division and over 20 manufacturers of new car.Arnold Clark car finance pic

It serves as a one point contact for all business and personal vehicle requirements. Whether you are looking for a new van or a car, Arnold Clark has plenty of great finance options available for customers. Some of the main car finance options and car loans available at Arnold Clark are as discussed below.

Personal contract hire

PCH or personal contract hire is much like contract hire but is available only to private individuals. This finance plan offers the same type of benefits as any contract hire and it offers fixed cost motoring. It is an alternate option for those who do not want to consider a company car scheme.

With this car credit option, the risk of residual value is minimized as is the case in most traditional ownership plans. Arnold Clark also provides maintenance packages along with their auto loan which would help you avoid any maintenance issues in the future.

With this plan, VAT would be included in the monthly payment. Some of the main benefits of using this finance option is that you would be able to get this option for new as well as used cars. You would also get a Road Fund License and the option to get a complete maintenance package.

Commercial vehicle finance

For commercial purposes, Arnold Clark provides contract hire services through Arnold Clark Vehicle Management which is the vehicle leasing sister concern of the company. With Contract Hire, the risk is eliminated. This finance option is quite helpful for companies who are interested in getting a car fleet but don’t want to worry about the plummeting value of the cars, interest rate rise or service cost rise. The rentals that would have to be paid to the company would be locked through the hire duration.

Arnold Clark offers the option to have the maintenance of the vehicle included in the contract or go for a non-maintenance agreement, as preferred by the client. There would be a fixed duration for the hire agreement during which a fixed installment would have to be paid. At the end of this duration, the vehicle would have to be returned back to the company.

Arnold Clark offers its car finance options for new cars, used cars as well as nearly used cars. Borrowers can use the car finance calculator on the website or ask for a car finance quote online through which they would be able to calculate the installment that they would need to pay for the car that they are interested in. Arnold Clark also offers cars on rent as well as contract purchase option to its customers.