Morgan Cars Lotus Cars

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Morgan Finance

The dream of owning a new Morgan is one which we take great delight in helping people realise. To this end, we are pleased to be able to team up with Morgan Motor Finance to provide some excellent finance packages on new Morgans.

There are 2 types of new Morgan finance we can offer, and to find out more about these and their features and benefits, please read more below:

Personal Contract Purchase (PCP)

In summary, this works as follows:

  • Select your model of Morgan and decide on its specification
  • Choose the length of time over - the repayment period - over which you would like to pay for finance
  • Decide on your deposit contribution
  • Agree on your anticipated annual mileage
  • Using the above information, the Guaranteed Minimum Future Value will be calculated for your car at the end of the repayment period.  This amount becomes your optional final payment
  • This Value is guaranteed by us and the finance provider
  • The difference between your deposit and the Guaranteed Minimum Future Value is then divided by the agreed repayment period to calculate your monthly repayments
  • At the end of the agreement there are three choices for you: part exchange your vehicle for another car; keep the car and pay the final payment; or hand it back and provided it is in good condition and within the agreed mileage you will have nothing further to pay

Hire Purchase (HP)

In summary, this works in the following way:

  • Choose the model of Morgan you like and decide on its specification
  • Decide on the monthly repayment amounts that will suit your budget
  • Agree the size of deposit you would like to make
  • Based on the amount of the deposit and the monthly repayments, the total repayment period is then determined (it can be between 12 and 60 months)
  • At the end of the agreed repayment period, as long as all the payments have been made, the car is yours

Morgan Finance Examples

We usually find that PCP finance proves the most popular as this can result in the lowest monthly payments.  For some example of PCP Morgan Finance Offers, please click on the headings below:

Open

Morgan Plus Four finance

£509 per month, representative example 9.5% APR*

On-the-road price     £71,830.00
Customer deposit     £16,237.00
Deposit %     22.61%
Amount of credit     £55,593.00
Monthly payments     £509.00
Optional final payment     £52,517.00
Total amount payable by customer     £86,569.00
Duration of contract     36 months
Rate of interest (fixed)     9.5%
Miles per annum     5,000

*Offer available on Morgan Plus Four ordered between 01/10/23 and 31/01/24 and registered by 31/01/24. 36 month term. Example shown requires £16,237 customer deposit. £55,593 optional final payment.Finance example shown is a Morgan Plus Four before options are added. The addition of options will increase the customer deposit and the monthly payment.
With Morgan Motor Finance PCP, you may return the car instead of making the final payment. It must be in good condition and you will be charged 9p per mile for exceeding 5,000 miles a year in this example.
Subject to status. Guarantees may be required. T&Cs apply. Morgan Motor Finance, SL1 0RW.

Open

Morgan Plus Four finance

£599 per month, representative example 9.5% APR*

On-the-road price     £90,390
Customer deposit     £16,273
Deposit %     18%
Amount of credit     £74,117
Monthly payments     £599
Optional final payment     £73,218
Total amount payable by customer     £110,456
Duration of contract     36 months
Rate of interest (fixed)      9.5%
Miles per annum     5,000

*Offer available on Morgan Plus Six ordered between 01/10/23 and 31/01/24 and registered by 31/01/24. 36 month term. Example shown requires £16,273 customer deposit. £73,218 optional final payment.
Finance example shown is a Morgan Plus Six before options are added. The addition of options will increase the customer deposit and the monthly payment.
With Morgan Motor Finance PCP, you may return the car instead of making the final payment. It must be in good condition and you will be charged 9p per mile for exceeding 5,000 miles a year in this example.

Open

Morgan Super 3 Finance

£299 per month, representative example 9.5% APR*

On-the-road price      £43,165
Customer deposit      £10,340
Deposit %    23.95%
Amount of credit    £32,825
Monthly payments    £299
Optional final payment    £31,071
Total amount payable by customer    £51,876
Duration of contract    36 months
Rate of interest (fixed)    9.5%
Miles per annum    5,000

*Offer available on Morgan Super 3 ordered between 01/10/23 and 31/01/24 and registered by 31/01/24. 36 month term. Example shown requires £10,340 customer deposit. £31,071 optional final payment.
Finance example shown is a Morgan Super 3 before options are added. The addition of options will increase the customer deposit and the monthly payment.
With Morgan Motor Finance PCP, you may return the car instead of making the final payment. It must be in good condition and you will be charged 6p per mile for exceeding 5,000 miles a year in this example.
Subject to status. Guarantees may be required. T&Cs apply. Morgan Motor Finance, SL1 0RW.

If you'd like to find out more about finance, or need any advice on what could work best for you, please call our Morgan and Finance expert, Phil Benfield, on 01234 750205 or send an email or message usng our form.

Allon White Sports Cars Limited is directly authorised and regulated by the Financial Conduct Authority (FCA) for the provision of finance. FCA Firm Reference Number: 741201. You can check this information at https://www.fca.org.uk/

All finance is subject to status and income. We are a broker for finance and not a lender. We can introduce you to a limited number of lenders and finance products to assist with your purchase, who may pay us for introducing you to them. We do not offer any insurance products.

If you wish to make a complaint about our financial services please contact us by
Phone: 01234 750205
Post: Allon White Sports Cars Ltd, 119 High Street Cranfield, Bedford MK43 0BS
Email: sales@allonwhite.co.uk

Further information: org.uk/car-finance-complaints

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