Product Categories

Northridge Finance offers a comprehensive range of lending products for the dealer/intermediary market that can be used to best meet their individual customer requirements. These include:

Hire Purchase Products

Northridge Finance hires the goods to the customer for an agreed period of time at an agreed monthly sum.  The customer gains ownership by paying an Option to Purchase Fee.

Balloon or Residual Payment Products

A Hire Purchase agreement where a portion of the capital cost is deferred to the end of the agreement.  The customer enjoys lower monthly payments or a shorter term.

Personal Contract Purchase Product (PCP)

A hire purchase agreement to purchase a vehicle, with a balloon/residual payment that is guaranteed by Northridge Finance.  At the end of the agreed term, the customer decides whether to keep, hand-back or part exchange the vehicle.

Leasing Products

Where a customer rents a vehicle for an agreed period of time for an agreed monthly sum.  All rentals attract VAT and there is no ownership option.

Loan Products

A fixed cost, fixed period loan of money not specifically secured on a vehicle.

For more detailed information on finance products please see the Finance and Leasing Association (FLA) Financing Your Car website here

As members of the Finance and Leasing Association, and with experienced Motor Finance, Insurance Premium Finance, Office Equipment and Agri-Finance managers in place, whatever your customers’ financial requirements, we are in a prime position to help.

Under FCA requirements your customer must be provided with ‘Adequate Explanations’ of the product being sold.  To assist you Northridge have published the following support sheets:

Adequate Explanations Support Sheet for HP & PCP

Adequate Explanations Support Sheet for Contract Hire

Northridge Finance prides itself on its delivery of a premium service. By listening to our customers we continually find ways of enhancing our service even further.

 

 

 

 

Note: All loans are subject to NIIB/Northridge lending conditions.  Applicants must be 18 years or over and resident in the UK.