Finance | Pye Motors

FUNDING SOLUTIONS EXPLAINED

FINANCE OPTIONS

Below we outline the finance products available to you to fund your new car purchase. Our team are available to assist with any questions, whether up front or throughout the journey should you wish to purchase online.

ENQUIRE ABOUT FINANCE

Driving Your New Car Home, Made Simple.

Securing the right financial package should be as exciting and straightforward as choosing your new vehicle.

At Pye Motors, we are your trusted local partner for the entire vehicle journey.

Our expert, in-house finance team works with a wide panel of leading lenders to offer you transparent, flexible, and competitive finance options.

Why Finance?

The Advantage of Dealership Finance: Flexibility for Every Budget

Whether you are looking at a commercial Ford van, a cutting-edge OMODA SUV, or a budget-friendly used family car, financing offers several benefits over an outright purchase.

- All Brands, One Place: We provide finance solutions specifically tailored to the unique purchase price and depreciation characteristics of every vehicle we sell—from new Chery models and high-tech JAECOO SUVs to our pre-owned stock. You deal with one team, simplifying the entire process.

- Budgeting Freedom: Finance allows you to secure the vehicle you need—whether it's the latest model or a higher-spec used car—while preserving your personal savings for other goals or emergencies. Fixed monthly payments make long-term budgeting simple and predictable.

- Expert & Exclusive Options: Our finance specialists are trained to understand the latest manufacturer offers (including low APR deals and deposit contributions on new Ford, OMODA, and JAECOO models) and the full range of flexible UK finance products, such as: * Personal Contract Purchase (PCP): Lower monthly payments and flexible options at the end (buy, renew, or return). Ideal if you like changing your car every few years. * Hire Purchase (HP): Structured payments leading to full ownership once the term is complete. Ideal if you intend to keep your vehicle long-term.

- Quick and Transparent Process: We handle all the paperwork and lender negotiations for you. You get a quick decision and a clear explanation of all terms and conditions, ensuring you drive away with confidence.

What is Personal Contract Purchase (PCP)?

Personal Contract Purchase (PCP) is a finance product that allows you the opportunity to buy a new or a used car.

It is similar to a Hire Purchase agreement as you will usually pay an initial deposit, followed by monthly instalments over a term typically between 18 to 48 months.

What makes PCP different to Hire Purchase (HP) is that your monthly instalments are paying off the depreciation of the car, and not its entire value, over the course of the term. Then, when you get to the end of your agreement, there is a final, balloon payment that must be made if you want to keep the car. The balloon payment is often referred to also as the Guaranteed Future Value (GFV).

What is Hire Purchase (HP)?

Hire Purchase is a way to finance buying a new or used car. 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 outright.

Reg Office: Ovangle Road Morecambe Lancashire LA3 3PF
Reg. Company Number: 204727
VAT Reg. No. 153686543
Pye Motors work with a number of carefully selected credit providers who may be able to offer you finance for your purchase. We may receive a commission or other incentive for introducing you. We are only able to offer finance products from these providers: Ford Credit PLC, Ford Lease, Blackhorse Finance Limited, DSG, BNP PARIBAS and CA Auto Finance UK Limited. Pye Motors is a limited company registered in England.

PYE MOTORS, LIMITED is an Appointed Representative of Automotive Compliance Ltd who is authorised and regulated by the Financial Conduct Authority (FCA No. 497010). Automotive Compliance Ltd’s permissions as a Principal Firm allow PYE MOTORS, LIMITED to act as a credit broker, not 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 are a credit broker and not a lender. We can introduce you to a lender on our panel, which includes lenders of vehicle manufacturers. We have commercial arrangements with lenders and credit brokers which are likely to influence who we introduce you to. We are not an independent financial adviser and don’t give you any advice or recommendations. It is your choice whether you enter into any finance agreement.

Our approach is to introduce you first to the manufacturer lender linked to the franchise offering you the vehicle. They will usually offer the best available package for you, taking into account both interest rates and other contributions (but we do not guarantee they do). If they are unable to offer finance, we then seek to introduce you to someone else on our panel. We will usually receive a commission for your introduction. This will be either a fixed fee, or a fixed percentage of the amount that you borrow. This may be linked to the vehicle model you choose.

Lenders of vehicle manufacturers 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. Before we propose you to a potential lender, we will tell you of the likely amount of commission we will receive and seek your consent to receiving this commission. The exact amount of commission will be confirmed before you sign your finance agreement.

All finance applications are subject to status, terms and conditions apply, UK residents only, 18s or over. Guarantees may be required.

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