Introduction
Lloyds TSB CarSelect as part of the Lloyds Banking Group is able to offer one of the most competitive ranges of car finance† products
available from a company you can trust.
Our trained team of Sales Executives work on your behalf to
discuss and arrange the most suitable payment option to you.
Personal Contract Purchase (PCP)
Personal Contract Purchase (PCP) is a flexible way to purchase cars on finance at lower monthly payments than more traditional Hire Purchase
or Personal Loan options. This is achieved by deferring part of the cost to the end of the contract.
We will tailor the agreement to suit you, but the basic structure includes an initial deposit, a series of regular payments over
an agreed period and a final payment if you choose to keep the car.
The agreement is based on your annual mileage and the estimated value of the car in two or three year's time. It is important to note
that when financing a used car the car you are buying must not be older than two years and have no more than 20,000 miles recorded.
At the end of the agreed payment period you have three options:-
Option 1:
You can return the car to CarSelect as long as it is in good condition and within the agreed mileage then you can walk
away with nothing further to pay.
Option 2:
You can part exchange your car against a new one from us and should the market value be greater than the Guaranteed Future Value* (GFV) then the difference will be yours to use some or all as a deposit on your new car or the difference will be returned to you by cheque.
Option 3:
You can pay the Guaranteed Future Value* (GFV) and keep the car.
We can even help finance option three if you need to spread your payments.
Features
- You have a new car inclusive of full manufacturer's warranty
- You can finance the car over 25 or 37 months
- We have flexible deposit amounts from as little as 0%
- We offer flexible mileage bands
- We will give you a Guaranteed Future Value* (GFV) of your new car to cover your final payment amount
- 1st years Road Fund Licence included
- Delivery direct to your door and chosen address
- Our ongoing help and assistance
Plus Optional
- Peace of mind with our optional Payment Protection Plans
- Gap Insurance (Used Cars only)
Personal Loan
Personal loans are available on all cars and will allow you to decide on the amount of deposit you wish to make in addition to
allowing you to spread the cost over one to five years. The interest rates and repayments are fixed throughout the life of
the agreement.
Features
- All repayments to be made by Direct Debit
- We have flexible deposit amounts from as little as 0%
- You can finance the car over 13 months to a maximum of 60 months
- A copy of your full valid driving licence will be required
- See the Important Information for a typical example
Hire Purchase
Hire Purchase is available on all used cars and will allow you to decide on the amount of deposit you wish to make in addition to allowing you
to spread the cost over 13 to 60 months. The interest rates and repayments are fixed throughout the life of the agreement.
Features
- All repayments to be made by Direct Debit
- We have flexible deposit amounts from as little as 0%
- You can finance the car over 13 months to a maximum of 60 months
Plus Optional
- Peace of mind with our optional Payment Protection Plans
- Gap Insurance (Used Cars only)
- All repayments to be made by Direct Debit
A copy of your full valid driving licence will be required. See the important information for a typical example.
Outright Purchase
If you would like to pay the full amount we simply ask for a £500 deposit when you place the order for a new car with the remaining balance due ten days prior to delivery.
*Subject to terms and conditions, available with your quotation or upon request.
†Loans are subject to status and available to persons aged 18 years or over.