Telephone: 01422 361 108
Mobile: 07813 492655

Finance at Ron Lee

At Ron Lee Ltd, whatever the price of the car you’re buying we realize that getting the right finance package that suits your budget is as important as the car you’re buying. That’s why we work hard to ensure that we have the most competitive and easy-to-understand finance options available. If you are interested in applying for finance with us please fill the form in as much detail as possible and we shall contact you.

We offer you the choice of a Hire Purchase or Personal Contract Purchase finance agreement. Both agreements can be created for car finance deals with no deposit. Which is best for you depends on your individual circumstances. We’ll explain the main differences below to shed clarity on the matter:

Hire Purchase(HP)

Hire Purchase agreements are a type of credit where once you have paid the total loan amount, you own the vehicle. During the loan term, the financer owns the vehicle. Once you repay them in full, ownership passes to you. Typically, Hire Purchase agreements have higher monthly payments because you are repaying the total car amount. With a Personal Contract Purchase, you repay only part of that amount.

Personal Contract Purchase(PCP)

Personal Contract Purchase agreements are a type of credit where you pay off instalments to cover part of the cost of a car. Once you have paid off the amount as set out in the agreement, you hand the car back to the owner, who is the financer. Alternatively, if you want to keep the car, you can refinance the remaining cost of it. This is called the balloon payment. It is based on the guaranteed future value (GFV) of the car.

Ron Lee Ltd is authorised and regulated by the Financial Conduct Authority FRN 648916. All finance is subject to status and income and terms and condition apply. Written quotation on request. We act as a credit broker not a lender, we work with a number of credit providers who may be able to offer you finance for your purchase and we may receive different levels of commission from each of them for the introduction.  We are only able to offer finance products from these providers.

Finance and Insurance Complaints

Please contact our Customer Relations Team directly. You can do this by either telephoning, writing or by email.

Usually, a complaint about the entering into of the financial agreement would need to be investigated and our final response issued within 8 weeks. However, if the complaint is relating to a Discretionary Commission Arrangement (DCA), please be aware that on 11 January 2024 the Financial Conduct Authority (FCA) introduced a pause to this for 37 weeks (until 25 September 2024).