Finance Options
Full Repayment Loan
FOR YOUR INFORMATION - ALL LOAN PRODUCTS ARE TEMPORARILY UNAVAILABLE. WE ARE CURRENTLY IN TRANSITION TO A NEW FINANCE PROVIDER AND DURING THIS SHORT PERIOD ARE UNABLE TO PROVIDE FINANCE QUOTATIONS . WE APOLOGISE FOR ANY INCONVENIENCE AND WILL RESTORE THE OPTIONS AS SOON AS POSSIBLE. THANK YOU
We will arrange for your chosen vehicle to be supplied – and in return, you’ll pay fixed monthly
instalments over a fixed period to cover the capital, interest and administration fees.
- You can select a repayment period of 24, 36, 42 or 48 months.
- You may pay a deposit to decrease your monthly payments.
- At the end of the repayment term, you’ll have discharged all your liabilities to GE, and there will be nothing further to pay.
Loan with a Final Payment and a Buyback
You can pay a final instalment at the end of the agreement, based upon your anticipated annual mileage, and then keep the car or GE will guarantee to purchase the vehicle back from you at the end of the agreement at a value equal to XXX your final instalment.
- You can select a repayment period of 24, 36, 42 or 48 months.
- You may pay a deposit to decrease your monthly payments, but be aware you will lose any equity in the car if you decide to exercise the buybook option
- The buyback guarantee from GE is dependent upon the mileage covered and the condition of the vehicle.
- At the end of the repayment you can choose to make the final payment to GE, with nothing further to pay. Alternatively you can return the vehicle to GE in lieu of this payment.
- In the event that the car has covered more miles than allowed for in the contract, you will be charged for each additional mile at the Excess Mileage Rate set out in the Vehicle Purchase Agreement.
- GE accepts that vehicles will sustain an element of wear and tear during your ownership, and do not insist that vehicles are retuned in immaculate condition. Vehicles should be returned in a state of “fair wear and tear”, as defined within the BVRLA guidelines (copies available upon request). You will be charged where it is deemed that the vehicle has sustained damage beyond fair wear and tear.
- If you choose the buyback option, then you don’t need to worry about the car's future value, as this will be GE’s responsibility. Provided you return the car in a reasonable condition that reflects the car's age and mileage - and you’ve made your agreed monthly payments –there’ll be nothing further to pay.
- If you intend to return the car to GE, it is imperative that the vehicle is maintained in line with the manufacturers recommend service intervals and that the full service history is recorded.
Cash Purchase
If you decide that you don’t want to pay for your car through deferred payments, you can purchase the vehicle for cash if, for example, you have the available capital or are able to secure a more competitive finance rate.
You’ll be required to pay a 10% deposit at the time of your order, with the balance being due 5 working days before delivery – then there will be nothing more to pay and the car will be yours.
GE will collect any deposits and / or balance payments using a debit card mechanism, (as this is the most cost effective medium) and therefore it will be beneficial if you can pre-warn your bank, if this is an unusual transaction on your account.
Sourcing / Administration Fee
The Sourcing / Administration fee is calculated to reflect the funding / purchase option that you have selected. This is the only additional 'unknown' cost you will be asked to pay when purchasing your vehicle. See the Drive AZ Newsletter for the current rate.
Our helpline is available to assist you should you have any queries at any point in the process
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