Car Finance
Cars for individuals or companies
Altius Capital has added car finance to its suite of products to complement our exceptional property finance.
Decided to keep your car after your existing car finance is due to expire?!
Refinance your final balloon payment to another finance scheme with another optional balloon if required.
No document fees, no early settlement fees and £1 option to purchase.
We are offering our existing and new clients the option to take out another balloon finance package for those clients wanting to retain their vehicles when their main dealer finance has come to an end.
Once your initial PCP finance arrangement has come to an end you have the option of;
- Giving the vehicle back.
- Exchanging for another brand new vehicle.
- Pay off the balloon and keep the vehicle.
If you decide to pay off the balloon to keep your vehicle you can use any of the following;
- Use any cash savings you may have.
- Take out a personal loan with your own bank or another provider.
- Refinance onto another ballone payment contract, thus deferring an element of the loan to be paid back at a later date.
Although our option may involve slightly higher interest costs, it does help with cash flow as you are deferring some of the finance in the form of another balloon payment.
We have put together two comparable’s for you to see the savings.
Simple application process and we can play around with mileage and balloon payments to suit.
This can be in your personal name or your business.
Great if you’re unsure what to do next after your initial car finance scheme has ended or you’d simply like to keep the car.
The examples below relate to personal borrowing.
Please call for a bespoke quote for your vehicle.
2022 BMW M3 Competition 9254 miles
BMW Dealer Finance Altius Car Finance
First payment £947.86 £839.11
46 monthly payments £947.86 £839.11
Optional final payment £28,178.29 £28,179.29
Number of payments 46 47
Contract length 48 months 48 months
Car price £57,950 £57,950
Cash deposit £5,795 £5,795
Lender contribution £700 n/a
Total amount of credit £51,455 £52,155
Total amount payable £79,222.71 £73,412.46
Representative APR 13.9% 9.9%
Fixed rate of interest pa 13.9% 9.58%
Total charges payable £21,272.71 £15,462.46
Saving £5,810.25
Option to purchase fee £0 £1
Excess mileage fee 19.57p/mile 14p/mile
2022 Mini 3 door Hatch Cooper S Sport
Land Rover Dealer Altius Car Finance
First payment £352.65 £386.85
34 monthly payments £352.65 £386.85
Optional final payment £13,310.45 £10,688.50
Number of payments 34 36
Contract length 36 months 37 months
Car price £22,299 £22,299
Cash deposit £2,230 £2,230
Lender contribution £700 n/a
Total amount of credit £19,369 £20,069
Total amount payable £28,583.20 £26,845.10
Representative APR 13.5% 9.9%
Fixed rate of interest pa 13.5% 9.63%
Total charges payable £6,284.20 £4,546.10
Saving £1,738.10
Option to purchase fee £0 £1
Excess mileage fee 8.52 p/mile 14 p/mile
The dealer rate is taken from an example on Autotrader for a secondhand car.