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Whether you're buying a used car for personal or business use, SJB can offer you a range of finance options designed to give you complete financial control and reassurance every step of the way.

This is a guide to all of these finance options, giving you details on how each type of finance works and what the benefits are, to help you make the right decision when buying and funding your next car.

SJB Car Sales Limited 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 SJB Car Sales Limited to act as a credit broker, not as lender, for the introduction to a limited number of finance providers and to act as an agent on behalf of the insurer for insurance mediation activities only.

Finance Solutions Include:

  • Hire Purchase (HP)

What Is HP?

Hire Purchase is a method of fixed rate finance with a fixed monthly payment. This makes Hire Purchase an easy way to spread the cost of buying a new car.

The deposit you pay is flexible with the remaining balance (plus fixed interest) repaid in equal instalments over an agreed period.

Key Points

Low deposit term which you decide

Fixed monthly payment

You own the vehicle at the end

No VAT on payments

Tax allowances for business users

  • Personal Contract Purchase (PCP)

 What is PCP?

Personal Contract Purchase is an increasingly popular way of owning a new car. It combines low, fixed monthly payments with exceptional flexibility at the end of the agreement.

Your car’s guaranteed future value is calculated (based on agreed mileage and age) and becomes deferred as a final payment (balloon)

Crucially, you don’t commit to buying the car at the outset. Instead, you use it for 24-48 months, deciding at the end of the agreement what you want to do.

Key Points

Buy the car by paying an agreed minimum residual value

Part-exchange the vehicle for another

Sell the vehicle privately (selling the balloon)

Sell the vehicle privately (selling the balloon)

Return the car with nothing more to pay (subject to mileage and condition)


PRIVACY POLICY: Credit reference agencies: In considering your application, we will search your record at credit reference agencies. They will add to your record details of our search and your application and this will be seen by other organisations that make similar searches. On occasion, we may request a credit check with more than one finance provider. Information held about you by the credit reference agencies may already be linked to records relating to other people with whom you have a financial association. In connection with your application you may be treated as financially linked with them and assessed with reference to any such associated records. Searches may also be made in respect of directors and partners of firms applying for credit. If you are a joint applicant or if you have told us of some other financial association with another person, or a director of a firm which is applying for a facility you are declaring that you are entitled to: disclose information about your joint applicant, fellow directors and anyone else referred to by you authorise us to search, link or record information at credit reference agencies about you and anyone else referred to by you. The credit reference agency will use a credit scoring system when assessing your application. They will also add to your record details of your agreement with us, specifically the payments you make under it, any default or failure to keep to its terms and any change of address you fail to tell us about where a repayment is overdue. These records will be shared with other organisations and will be used by us and them to help make decisions about credit and credit related services such as insurance for you and members of your household, trace debtors, recover debt and to manage your accounts. We and the credit reference agencies will also use the records for statistical analysis about credit. You have a legal right to know the details of credit reference and fraud prevention agencies we use and to whom we pass information about you. To obtain this information, please contact our Data Protection Officer (Justin) on 02920 850322