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 click on the headings 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
For examples of the latest finance offers we currently have available on the different models of new Morgan, just click on the following headings:
Morgan Plus Four finance
£494.13 per month, representative example 5.9% APR*
| On-the-road cash price | £68,560 |
| Customer deposit | £12,400 |
| Total charge for credit | £8,953.55 |
| Monthly payments | £494.13 |
| Optional final payment (including £10 option fee) | £47,829 |
| Total amount payable | £77,523.55 |
| Term of agreement | 36 months |
| APR | 5.9% APR Representative |
| Miles per annum | 5,000 |
*Offer available on Morgan Plus Four with 15″ black painted wire wheels (£2,115), ordered between 01/04/21 and 31/07/21 and registered by 31/10/21. 36 month term. Minimum £12,400 customer deposit.
Model shown in picture features additional accessories which will increase the customer deposit and 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 12p 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.
Morgan Plus Six finance
£529.27 per month, representative example 5.9% APR*
| On-the-road cash price | £86,774.80 |
| Customer deposit | £17,100 |
| Total charge for credit | £11,377.65 |
| Monthly payments | £529.27 |
| Optional final payment (including £10 option fee) | £62,538 |
| Total amount payable | £98,162.45 |
| Term of agreement | 36 months |
| APR | 5.9% APR Representative |
*Offer available on Morgan Plus Six ordered between 01/04/21 and 31/07/21 and registered by 31/10/21. 36 month term. Minimum £17,100 customer deposit required.
Model shown in picture features additional accessories which will increase the customer deposit and 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 12p 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, on 01234 750205 or click on the button:
