New and Used Car Finance

Volvo Advantage

• You agree with Tyn Lon the amount you need to borrow (less any deposit and part exchange up to a maximum of 40%).
• Tyn Lon then contacts the finance company which (subject to credit checks) pays for the car on your behalf.
• You make reduced monthly payments to the finance company making your car more affordable by putting off (deferring) part of the cost until the end of the agreement.

During the agreement you pay only for the difference between the full loan and the deferred amount, plus an interest charge.

At the end of the agreement You can either :

1. PAY OFF the deferred amount in full and keep the car (you do not own the car until you make the final payment).
2. HAND THE CAR BACK to the dealer and walk away (subject to the terms and conditions).
3. TRADE IN THE CAR against another car and use any equity in the vehicle towards the deposit of your new car.

Advantages of Volvo Advantage:

• Lower monthly payments
• Low or no deposit
• Flexible terms (usually from 12 to 42 months)
• Choice of options at end

Volvo Car Purchase Plan

• You agree the amount you need to borrow (less any deposit or part exchange).
• Tyn Lon then contact the finance company which (subject to credit checks) pays for the vehicle on your behalf.
• You repay the finance company on a monthly basis, for the length of the agreement.
• You do not take ownership of the car until the final payment is made.

Volvo Contract Hire

• You agree with Tyn Lon a fixed monthly payment to rent the car, either with or without maintenance over an agreed period.
• Tyn Lon then contacts the finance company which (subject to credit checks) pays for the car on your behalf.
• You pay the finance company the fixed monthly rental.
• At the end of the agreement you hand the car back to the dealer/finance company (subject to the agreed contract mileage not being exceeded) – there is no option to purchase.

Advantages of Volvo Contract Hire:

1. Fixed cost motoring
2. No depreciation risk / no part exchange
3. VAT reclaimable on a proportion of the rentals and on all maintenance costs
4. Off balance sheet financing
5. Road fund licence costs included in rentals

Personal Contact Hire

Personal contract hire is available to private individuals and in the same as Volvo Contract Hire other than the fact that all rentals are subject to VAT, which obviously the private individual cannot reclaim. Contracts can be quoted including or excluding maintenance costs.