Close Motor Finance is able to assess any given finance proposal
on a case-by-case basis, rather than use a points scoring system.
This means that by underwriting proposals manually many proposals
rejected by a competitors scorecard system may be accepted.
Close Motor Finance core product is Conditional
Sale which is the most common way to finance a vehicle through
a motor dealer. At the beginning of the agreement, the customer
pays a deposit to secure the vehicle while the remaining balance
is paid over a set period. Interest is charged on the amount
remaining and payable as part of the fixed monthly payments.
Full ownership of the vehicle passes from Close to the customer
on the final payment. The benefits of a conditional sale plan
are largely focused around convenience for the customer.
The Agreement can be settled early subject to the the finance
company's early settlement quotation which can be given at any
stage during the term of agreement.
We are also able to offer specialist finance
for customers with problematic credit history, such as CCJ's.
We work with a couple of finance companies who specifically
cater for these situations.