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Finance Options Funding solutions explained
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
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FINANCE WITH PRESTIGE VEHICLES



At Prestige Vehicles we offer several types of flexible finance options from all major lenders.

Our dedicated team work closely with a number of finance houses to ensure we create a unique package for each customer taking into account their individual needs. We are authorised and regulated by the Financial Conduct Authority and provide a professional pressure free service to all our customers.

If you would like to find out more about the finance services we have to offer, get in touch on 0114 2660081 or visit our indoor showroom on Ecclesall Road, Sheffield.

Already found the car you like? Then you can apply online by completing the application form underneath the vehicle you have selected and we will be in touch soon.


Initial Disclosure Document (IDD)

Use this information to decide if our services are right for you.

What is an Initial Disclosure Document?

The Financial Conduct Authority (FCA) is the independent regulator of financial services. The FCA require us to provide you with a document called an 'Initial Disclosure Document'. This document provides information about us, the products we offer, the services we will provide, who regulates us and what to do if you have a complaint.

Whose products do we offer?

Cemetery Road Motor Company Limited Trading as Prestige Vehicles can introduce you to a selected group of lenders who may be able to help you finance your vehicle. This group of lenders provides us with a range of products which may be suitable for your needs.

Cemetery Road Motor Company Limited T/A Prestige Vehicles are not Independent Financial Advisors and any introduction to a lender does not amount to independent financial advice. If at any point you do not wish us to continue to find a suitable lender for your needs, then please contact us.

Will you have to pay us for our services?

We do not charge fees for our finance related services. We will receive payment from the finance lender for introducing you to them.

Commission Disclosure:

You don’t have to pay us for our service, but a funder or broker we work with will pay us for introducing you to them. Different funders/brokers may pay us different amounts but it will typically be based on a fixed percentage of the amount borrowed. This percentage may vary according to different factors, for example: the amount of credit; the age or type of vehicle; the type of finance product; or the funder’s assessment of the risk of lending. The amount of commission can be made available to you upon request over the phone and/or in writing.

Prestige Vehicles are acting as a credit broker and we are not providing impartial or independent financial advice of recommendations.

Prestige Vehicles do not offer a whole of market financial solution.

Prestige Vehicles have commercial arrangements with MotoNovo (and other lenders, as appropriate) that may require or provide an incentive for you to refer business to your funding lenders first (such as wholesale funding, term loans, advance commission).

- That these commercial arrangements and the commission payments you receive mean you can’t provide impartial advice.

- Where you work with a limited lender panel, provide details of the panel.

- If you are not searching all of your panel for quotations, you should explain your reasons.

  • The finance product you are offering may not be the best product available to the customer on the open market
  • We remind customers that they have the right to ask questions, if they do you will be required to answer them
  • All Customers should consider whether there are any other circumstances which could affect your impartiality or ability to act in the customer’s best interests and tell the customer about this
  • Any disclosure We make should be prominent and easily understood by customers.
  • It is our responsibility to keep a record of the explanations provided to the customer and to be able to evidence that consent was obtained from the customer.
  • It’s our responsibility to ensure that all your staff are trained on the new requirements, the need for disclosure and consent, and that they can clearly explain the commission model that your dealership is on. A record of this training should be retained.

Who regulates us?

Cemetery Road Motor Company Limited Trading as Prestige Vehicles is authorised and regulated by the Financial Conduct Authority. Our Firm Reference FCA Number is 660872. You can check this by contacting the FCA by telephone on 0800 111 6768 or by visiting the FCA’s website Home (fca.org.uk)

Data Protection and Confidentiality:

Cemetery Road Motor Company Limited T/A Prestige Vehicles together with all our finance partners will store your information. Your information will only be disclosed to third parties in the normal course of arranging and administering any finance contract.

We or they may contact you by post, telephone or email to let you know of products, services and special offers that may be of interest to you. You have the right to ask for a copy of your information held by us in our records. You also have the right to expect the information to be accurate. In the event this is not the case you may require us to amend any inaccuracies in your information. If you wish to change amend or stop information being stored about you with ourselves or any of its partners, please advise us in writing. A copy of the Privacy Notice is also available upon request.

What to do if you have a complaint?

Cemetery Road Motor Company Limited Trading as Prestige Vehicles, takes all matters of customer service very seriously. In the event that you feel the service(s) provided by Ourselves has not met with your expectations and have a complaint then you should address these concerns in writing to: 300 Cemetery Road, Sheffield, S11 8FT Or by Email to sales@prestigevehicles.co.uk

We are also partners of south Yorkshire Trading Standards: tradingstandards.uk/consumer-help/adr-approved-bodies/south-yorkshiretrading-standards/

A copy of our regulated complaints procedure is available upon request and a copy can be accessed on our website www.prestigevehicles.co.uk If we cannot settle your complaint, you may be entitled to refer it to the Financial Ombudsman Service www.financial-ombudsman.org.uk


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Advantages of Personal Contract Purchase (PCP):

  • It's a type of finance agreement for personal customers looking to fund a new vehicle in a manageable way
  • Low initial payment
  • Fixed monthly payments
  • You may be able to refinance the Optional Final Payment
  • Fixed Optional Final Payment when you first take out the contract
  • Cost effective, usually considerably cheaper monthly payments compared to HP.
  • You will have to make a decision at the end of the contract as to whether you wish to sell the vehicle, return it or keep it

How does PCP actually work?​

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When you have chosen your vehicle, you will then agree your annual mileage and decide on the agreement term with one of our Business Managers.

We will then determine the Guaranteed Minimum Future Value (GMFV) of the vehicle at the end of the agreement and work out a deposit and monthly amount that works for you.

At the end of your agreement you will then have three options:

Return – Simply return the car the back to us 
Retain – Keep the car by paying the optional final payment
Renew – Trade it in for another car

For a quotation, help, or advice contact us and ask to speak to one of our Business Managers.

What are the advantages of PCP?

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  • Monthly payments on a car financed by PCP are usually lower than if your car is financed by a Hire Purchase agreement.
  • If you decide not to buy the car, you can simply walk away when you've made all the payments.
  • Similar to PCH, you can drive away a new or used car every few years (dependent on the chosen term) without worrying about selling it on.
  • If your car is worth more than the Guaranteed Future Value then you can use that equity towards a deposit on a new car.

What should you consider when opting for a PCP?

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  • If you want to buy the car you will need to pay your final balloon payment (the Guaranteed Future Value).
  • Similar to PCH, you will need to agree on a mileage allowance at the beginning of your contract and there may be excess mileage charges if you exceed this.
  • You won’t be able to sell the car without settling the finance.
  • You won’t own the car until you have made all of your repayments.
  • You’ll need to keep the car properly insured, maintained and in your possession until the full value is paid off.

Can I settle my PCP agreement early?

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You can normally settle your agreement early by asking the finance company to provide you with a settlement figure. However, the finance company will require you to pay off the difference between what your car is worth, and what you still owe and there may be a difference which is known as negative equity. On the other hand, you may find that at the end of your term your car is worth more than the Guaranteed Future Value, which means you will have some positive equity to contribute towards your next car.​

Find and finance your next vehicle through PCP

Advantages of Hire Purchase:

  • Affordable fixed monthly payments with NO final Balloon payment
  • Hire Purchase gives those without the ability to pay for a car outright to purchase a car
  • The cost of the car is spread over a period of time and paid by monthly instalments rather than a large up front investment
  • Even though you have not paid for the car in full you still are able to use it and drive it
  • Can be a great option for businesses as you assist cash flow rather than losing a large amount of capital
  • You own the vehicle once your final instalment has been paid, compared to leasing (renting) the vehicle
  • No VAT to pay on monthly instalments (compared to a Lease)
  • The interest rate is fixed throughout the period of the agreement even if bank interest rates increase
  • It doesn't affect your ability to borrow from the bank

What are the advantages of HP?

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  • You’ll be able to drive away a car that you may not have managed to buy outright.
  • Unlike a PCP or PCH contract, you won't need to estimate your mileage at the start of your Hire Purchase agreement, so you'll avoid excess mileage charges.
  • Once you’ve made your final monthly payment, including the option to purchase fee, you'll have full ownership of the car.

What should you consider when opting for HP?

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  • Monthly payments may be higher than some other finance options, such as PCP, as you're paying off the full value of the car.
  • You won’t be able to sell the car without settling the finance.
  • You won’t own the car until you have made all of your repayments.
  • You’ll need to keep the car properly insured, maintained and in your possession until the full value is paid off.

Can I settle my HP agreement early?

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The short answer is yes, you can end your finance early. There are different provisions within each finance agreement that allows you to do just that. If you have got through two-thirds of the way through your finance agreement, the options to end the finance agreement early open up.

For a Hire Purchase agreement, there is an option of paying it off early through a settlement fee. A settlement fee covers the cost of any remaining unpaid instalments and interest payments remaining on the agreement. Once the settlement fee is paid, you take full ownership of the car early.

Under a Personal Contract Purchase agreement, you can also pay a settlement fee for bringing the agreement to an end early. After that, you can choose to hand the car back or you have a second option. Through a PCP agreement, you can take full ownership of the car by paying off the remaining Guaranteed Minimum Future Value also known as a balloon payment.

Find and finance your next vehicle through HP