Car Finance in Bordon, Hampshire

At LMC Farnham, we’re committed to giving you the most flexible finance options available. Buying a car on finance is the most effective way of minimising the initial purchasing cost. A finance plan works a lot like a loan: you place an initial deposit to secure the vehicle, then pay off the balance in manageable monthly installments until you own the car outright.

We understand that considering a finance agreement can seem like a daunting commitment. This is why we provide honest, concise and transparent information on the finest details of our finance plan. With a wealth of experience in car finance, our team are best placed to provide advice and guidance according to your personal situation.

FCA STATEMENT

LMC of Farnham Ltd is an Appointed Representative of ITC Compliance Limited which is authorised and regulated by the Financial Conduct Authority (their registration number is 313486) and which is permitted to advise on and arrange general insurance contracts.

ELECT 3 PAYMENT PLAN

With our popular Elect 3 Payment Plan, you stay in control. Here’s just some of the benefits:

  • You know exactly where you are financially, with fixed monthly payments that are typically lower than other finance agreements.
  • Our monthly payment plans can be structured to suit your budget
  • You can enjoy a new car motoring experience more often, and avoid potentially costly service and repair bills that you may encounter with an older car.
  • There’s no risk of negative equity over the full term of the agreement because we guarantee the future value of your car, so you know from the start the minimum value* you can expect for your car after your agreement has ended.

WHAT ARE THE OPTIONS AT THE END OF MY AGREEMENT?

With the Elect 3 Payment Plan, you can rest assured knowing that you have three simple options to choose from at the end of your finance agreement.

  1. You can part exchange your car for a new one, and enjoy that new car motoring experience all over again!
  2. Simply pay the guaranteed future value and own the car out right, subject to paying the option to purchase fee.
  3. You can return the car to Citroën, with nothing further to pay, subject to mileage and vehicle condition.

SHOULDN’T I OWN MY VEHICLE?

Depreciation is the biggest single cost of new car ownership. With Elect 3 you can enjoy the new car motoring experience and not worry about your car’s depreciation as we’ll guarantee its future value. At the end of your agreement, you can simply hand the car back or part exchange for a new one. If you did find you wanted to own your car at the end of the agreement you can, just pay the GFV (Guaranteed Future Value) and an option to purchase fee.

HOW DOES IT WORK?

With the Elect 3 Payment Plan, we deduct from the vehicle price, the minimum amount that the vehicle will be worth at the end of your agreement (Guaranteed Future Value) based upon your chosen mileage band (from 6,000 to 30,000 per annum) and your deposit (between 0% and 40% of the vehicle price). You then pay the difference with fixed monthly payments over a term of 25, 31 or 37 months based on the remaining balance, plus interest charges.

WHAT IS THE GFV?

GFV is the ‘Guaranteed Future Value’ which is the minimum amount we think your car will be worth at the end of your agreement, assuming your vehicle is kept in a reasonable condition and within the agreed mileage limit, as per the terms and conditions of your agreement.

ARE THERE ANY AGREEMENT CONDITIONS?

Yes. Don’t be caught out. If you choose to hand the car back or part-exchange the vehicle, it is vital to be accurate with your estimated usage, because you’ll face additional charges If you have exceeded the agreed mileage at the end of your agreement. Similarly if you fail to look after the vehicle properly – condition should be reasonable for its age and mileage – you could incur extra charges.

FINANCIAL SERVICES SHORTFALL INSURANCE

The LMC Financial Service Shortfall Insurance insures your vehicle against costly gaps in settlements in the event your vehicle is written off.