Balanced Payments Car Finance

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BALANCED PAYMENTS FINANCE EXPLAINED

What is Balanced Payments Car Finance?

A Balanced Payment Plan offers the benefits of a fixed monthly payment but unlike a Hire purchase agreement where the interest rate is fixed, Balanced Payments offer a variable rate which tracks the changes in the lender’s reference rate. As the rate goes up or down over the period of the contract, so does the amount of interest you pay.

Following payment of an initial deposit, the balance is then paid over an agreed term, usually 1 – 5 years. At the end of the agreement any variation in interest rates is reconciled and will be settled as either a credit to you, or a charge. Other options available with a Balanced Payment Plan include a final ‘balloon’ payment which has the benefit of reducing your monthly payments by deferring an agreed element of capital until the end.

At Oracle Finance we offer a broad range of finance products including Balanced Payments.

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Benefits of Lease Purchase Car Finance

You could benefit from any of the below…

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Flexibility

reducing interest penalty options for early settlement

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Low Deposit

allowing you to free up cash

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Potential Savings

save money if interest rates fall

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Fixed Monthly Payments

your payments remain fixed

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Tax Benefits

tax allowances for business users

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VAT Free

no VAT on payments

QUALITY SERVICE

Our customers have rated us as ‘5 Stars – Excellent‘ on Trustpilot

Current representative APR

8.9% APR

Oracle Finance is a Credit Broker and not a Lender.

This means that we deal with a wide range of financial institutions to give our customers a greater choice of competitively priced options. For your protection, Oracle Finance is authorised and regulated by the Financial Conduct Authority for the sale of consumer credit. Oracle Finance is a trading name of Oracle Asset Finance Limited.

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