At Greenwing Motors we provide instant automated acceptance, faster manual decisions offering greater flexibility and a more diverse selection of finance products. Our aim is to help our customers to buy the vehicle they want, at the budget they can afford. Finance applications are approved by quicker, more accurate, technological decision-making. Our dynamic innovative IT processes and underwriting ensures that the right deal is found in the fastest, most efficient manner every time.
Partnered with Evolution Funding, the largest motor finance intermediary in the UK, with a panel of 21 finance providers offering competitive finance rates. We work closely to match our customer's needs and circumstances to their finance product range. Together we provide a quick, efficient and hassle free approach for both private and commercial customers.
Hire purchase is the most popular way of funding motor purchases. Payments are divided equally over the term at a fixed rate of interest and after the final repayment the vehicle becomes the property of the customer.
With a comprehensive panel of lenders we have the right Hire Purchase agreement for every type of vehicle and customers various needs.
Personal Contract Purchase agreements (PCP) offer you flexibility, allowing us to tailor the repayments to suit our customer's budget. PCP is similar to a Hire Purchase contract but instead of paying off the entire value of the car in monthly instalments, you defer the expected 'future value' of the car until the end of the agreement. Customers therefore only pay a portion of the borrowing.
This has the benefit of reducing the monthly repayments meaning custoerms can often afford to purchase a higher value or newer vehicle than they may have expected. The Guaranteed Minimum Future Value (GMFV) is calculated using our Dealer Zones system and will vary depending on the period of the agreement and predicted annual miles. We have partnered with several leading independent PCP providers and can offer customers the following benefits compared to a manufacturer scheme.
Similar to a personal loan, a motor loan does not give the finance company title to the asset, nor does it afford the customer certain rights that a Hire Purchase agreement would. Motor loan products are used to predominantly fund lending on vehicles where the advance exceeds the industry benchmarked pricing recommended by two automotive valuation guides, Glass's and CAP.
Customers wishing to purchase add-on products or who have negative equity from their part exchange can be offered a motor loan product as an alternative solution to them having to find additional deposit or simply not being able to complete the purchase. We work with multiple motor loan providers to ensure that we have the most comprehensive offering and product choice for our customers.